Kohl's Corp
KSS: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $44.00 | Bcq | Kwnbnvp |
Kohl's Earnings: Plans Taking Shape, but Slowly; Shares Very Undervalued
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No-moat Kohl’s fourth-quarter results and initial 2024 guidance align with our forecasts. We believe the company is making progress on its initiatives under CEO Tom Kingsbury that include efforts to improve its offerings, simplify its promotions, operate more efficiently, and strengthen its balance sheet. While strong sales and margin improvement is unlikely before 2025, we believe Kohl's depressed results offer an opportunity to invest at a very attractive price. We do not expect to make any material change to our $50 fair value estimate.