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Kohl's: Is The Buyback Benefit Over?

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Summary

  • Kohl's turned flat revenue into yearly earnings growth due to a large stock buyback program.
  • The retailer is trading at multi-year highs despite the less than thrilling earnings growth.
  • The stock gains are limiting the stock buyback benefits just as some risks mount on the horizon.
After years of large stock buybacks and a struggling stock, Kohl's Corporation (NYSE:KSS) investors are finally seeing a large payback. The stock recently surged from $60 to $70 based on strong preliminary Q4 comp sales numbers. After several quarters of missing earnings estimates, one has to wonder if investors are getting too excited over one strong quarter.


Read the full article at Seeking Alpha.


Disclosure: Long KSS. Please review the disclaimer page for more details. 



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