FINWIRES · TerminalLIVE
FINWIRES

Kohl's Continues to Lose Market Share, Faces Persistent Top-Line Challenges, UBS Says

By

Kohl's (KSS) continues to lose market share to other retail channels, particularly off-price retailers, as weak sales and fixed-cost deleverage pressure earnings, UBS Securities said.

The investment firm said in a Wednesday note that it expects consensus EPS estimates to move lower over the next year and sentiment to remain muted.

Kohl's comparable sales declined 0.9% in Q2, compared with growth of 1% at Marmaxx, 7% at HomeGoods and 10% at Ross Stores, suggesting continued share losses despite sequential improvement in sales trends, according to the research note.

Proprietary brand sales growth slowed to 3% from 6% in Q1, while Sephora sales declined 4% in Q2. UBS said limited near-term visibility at Sephora remains a drag.

UBS raised its 2026 EPS estimate to $2.15 from $1.35, largely reflecting one-time tariff refunds and other benefits, while leaving fiscal 2027 and 2028 estimates unchanged.

UBS maintained its sell rating and a $9 price target on the stock.

Price: $18.09, Change: $+0.15, Percent Change: +0.84%

Related Articles

Wire

Update: Magellan Financial Group Fiscal 2026 Operating Earnings, Revenue Down; Shares Fall 12%

(Updates to add stock movement in the headline and the last paragraph)Magellan Financial Group (ASX:MFG) logged AU$0.828 in operating earnings per share for fiscal 2026, compared with AU$0.898 a year ago, a Thursday filing showed.For the 12 months ended June 30, revenue and other income was AU$195.6 million versus AU$318.9 million previously, the Australia-listed financial services firm added.The board declared a final dividend of AU$0.255 per share, payable Sept. 16 to shareholders on record as of Sept. 2. A year ago, the company paid a final dividend AU$0.259 per share and special dividend of AU$0.21 per share.The board has revised the group's dividend policy from fiscal 2027, targeting a payout ratio of 60% to 90% of operating profit after tax.The company's shares fell 12% in recent Thursday trade.

ASX:MFG
Wire

Tenable to Join S&P SmallCap 600 Index

Tenable (TENB) will join the S&P SmallCap 600 index before market open on Aug. 31, the S&P Dow Jones Indices said in a late Wednesday statement.Tenable will replace Leggett & Platt (LEG), which is being acquired by Somnigroup International (SGI), according to the statement.

$LEG$SGI$TENB
Wire

NeoGenomics Wins Expanded Medicare Coverage for RaDaR ST Immunotherapy Monitoring

NeoGenomics (NEO) said its RaDaR ST molecular residual disease assay received expanded Medicare coverage to include immunotherapy response monitoring for patients with late-stage solid tumors.The determination from the Centers for Medicare & Medicaid Services' Molecular Diagnostic Services Program is the third Medicare-covered indication for RaDaR ST, NeoGenomics said Wednesday in a statement.The coverage allows use of the assay to monitor response to immune-checkpoint inhibitor therapy, and NeoGenomics said it has two additional RaDaR ST submissions pending.NeoGenomics shares rose 2.1% in after-hours trading.

$NEO