Kohls stock jumped 42% after company said shoppers are returning
Kohl’s Corp. is coming off its best day of the year on Wall Street after it reported a better than expected third quarter earnings on Nov. 25 and the stock jumped up 42%.
While some observers may have been surprised the results, others believe shares in the Menomonee Falls-based retailer should be worth more.
“Kohl’s is not going to disappear anytime soon,” said David Swartz, analyst with Morningstar who monitors Kohl’s. “The stock was extremely undervalued and I still think it is because my fair value estimate was $40 (per share) and I may even raise it a little bit after this report.”
Here’s some reasons behind the sharp increase in the company’s stock price.
Sales down but not by much
Kohl’s…
