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Target Raises Full-Year Outlook as Tariff Refunds Boost Second-Quarter Earnings
US Markets

Target Raises Full-Year Outlook as Tariff Refunds Boost Second-Quarter Earnings

Target (TGT) lifted its full-year outlook on Wednesday as tariff refunds helped double the retailer's fiscal second-quarter earnings year over year.Adjusted earnings are now anticipated to range from $9.90 to $10.90 per share for fiscal 2026, including tariff refunds that buoyed the second quarter by $1.65, the company said. It previously projected the metric in a range of $7.50 to $8.50.Earlier this year, the US Supreme Court ruled that the Trump administration lacked authority under the International Emergency Economic Powers Act to impose certain tariffs, paving the way for refunds to companies that had paid the duties.Sales are pegged to grow by about 5% for the ongoing fiscal year, one percentage point higher than Target's previous guidance. The Street is looking for sales of $109.02 billion, reflecting an annual increase of 4%.For the three months through Aug. 1, Target's adjusted EPS jumped 100% to $4.11, exceeding the average analyst estimate of $2.35. The topline improved 5.3% to $26.54 billion in the second quarter, ahead of the Street's view for $26.13 billion.Shares of the company rose 5.2% in Wednesday trade, taking their year-to-date gain to 64%."We saw broad-based growth across multiple dimensions of our business and importantly, the strength on the top-line translated into strong underlying profit performance as well," Chief Financial Officer Jim Lee said during an earnings call with analysts, according to a FactSet transcript.Comparable sales rose 3.8%, more than the market's forecast for a gain of 2.4%, as traffic rebounded.Truist Securities said the improvement in comparable sales and transactions underscore Target's investments in price and merchandise, among other areas.The retailer cut prices on more than 10,000 "frequently purchased items" over the past year, Target Chief Executive Michael Fiddelke said in a statement.Last week, Deutsche Bank and RBC Capital Markets said they expected Target to top consensus estimates for second-quarter comparable sales amid demand strength.On Wednesday, off-price retailer TJX (TJX) raised its fiscal 2027 earnings outlook, while home-improvement retailer Lowe's (LOW) lowered its full-year guidance to the bottom end of its previously issued forecast.Retail giant Walmart (WMT) is scheduled to release its latest results on Thursday, while department store operator Kohl's (KSS) financials are due next week. Warehouse chain Costco Wholesale (COST) is slated to publish its report next month.Price: $160.59, Change: $+8.11, Percent Change: +5.32%

$COST$KSS$LOW$TGT$TJX$WMT
Wire

Kohl's Expected to Lift Full-Year EPS Guidance on Solid Q2 Sales Trends, UBS Says

Kohl's (KSS) is expected to lift its full-year earnings guidance amid indications of solid fiscal Q2 sales trends, UBS Securities said Monday in a report.UBS raised its Q2 adjusted earnings estimate by $0.08 to $0.61 a share, topping the Wall Street consensus by $0.03. Kohl may increase its full-year EPS forecast to the range of $1.10 to $1.70 from $1 to $1.60, the report said.Industry data shows Q2 net sales growth accelerated 430 basis points to 0.6% from a year earlier after a 3.7% decline in Q2, the report said. UBS research also found Google searches for Kohl's website rose 26% from a year earlier.The market will be focused on Q3 sales trends, inventory levels, consumer confidence, and the credit outlook, among other areas, UBS said.Q2 results are expected Aug. 26.UBS has a sell rating on Kohl's stock and a $9 price target.Price: $152.57, Change: $+0.55, Percent Change: +0.36%

$KSS
Insider Trading

Kohls Insider Sold Shares Worth $300,000, According to a Recent SEC Filing

Christie Raymond, Senior Executive Vice President, Chief Marketing Officer, on August 03, 2026, sold 15,000 shares in Kohls (KSS) for $300,000. Following the Form 4 filing with the SEC, Raymond has control over a total of 261,720 common shares of the company, with 261,720 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/885639/000088563926000142/xslF345X05/form4.xml

$KSS
Softline Retailers Likely to Benefit From US Data Center Boom, UBS Says
US Markets

Softline Retailers Likely to Benefit From US Data Center Boom, UBS Says

US softline retailers are expected to take advantage of an ongoing data center construction boom, with Abercrombie & Fitch (ANF), Urban Outfitters (URBN), and Macy's (M) among those likely to see "outsized" benefits, UBS Securities said in a note e-mailed Monday.US commercial data center capacity has increased at a nearly 30% to 40% annual pace over the last two years, with installed capacity seen rising 20% to 30% annually in the near term, the brokerage said, citing industry experts.The data center construction boom is expected to lift the economy and boost the consumer spending backdrop for apparel and footwear in the concerned regions. However, the data center buildout is not expected to be distributed evenly across the country, UBS analysts Jay Sole and Mauricio Serna said in the note to clients."We believe retailers with a high percentage of stores located in areas with strong data center growth will benefit more than retailers with less exposure to these areas will," the analysts wrote.Abercrombie & Fitch, Urban Outfitters, Macy's, and Steven Madden (SHOO) are among the retailers poised to see "outsized" benefits, Sole and Serna said. On the other hand, Kohl's (KSS), Bath & Body Works (BBWI), Buckle (BKE), Boot Barn (BOOT), and American Eagle Outfitters (AEO) have "the most relevant low exposure," the duo wrote.Among off-price retailers, Ross Stores (ROST) has the "most relevant high exposure," while TJX (TJX) is on the other side of the spectrum, according to the note."While some regions have embraced data centers, other localities have not," UBS said. "Some municipalities reject data center proposals because the long-term local economic payoff is perceived as limited. They also have concerns about resource and infrastructure strain."The brokerage expects all softline stocks to benefit from their use of AI, as well as the technology's impact on the overall economy."Softline companies are taking AI very seriously and AI is likely already having a positive impact on the industry's financial performance," Sole and Serna said. "We believe the meaningful returns companies are already and will continue to achieve on their AI investments will drive upside (earnings-per-share) surprises."Price: $75.30, Change: $-1.92, Percent Change: -2.49%

$AEO$ANF$BBWI$BKE$BOOT$KSS$M$ROST$SHOO$TJX$URBN
Wire

Kohl's Shares Rise After Citigroup Upgrade

Kohl's (KSS) shares rose 5% on Monday after Citigroup upgraded the stock to buy from neutral and boosted its price target to $22 per share from $14.Trading volume stood at nearly 5 million shares compared with a daily average of close to 5.5 million.Price: $15.09, Change: $+0.73, Percent Change: +5.08%

$KSS
Research

Citigroup Upgrades Kohl's to Buy From Neutral, Adjusts Price Target to $22 From $14

Kohl's (KSS) has an average rating of hold and mean price target of $15.05, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$KSS
Research

Research Alert: Kohl's Posts Mixed Q1 Fy 26; Reaffirms Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:KSS posted Q1 2026 net sales of $2.998B, down 1.7% Y/Y and $30M below estimates, with comp sales declining 1.1% though representing the company's best comp performance in over four years. Operating income fell 23% Y/Y to $46M as operating margin compressed 41 bps to 1.4% despite flat gross margin at 39.9% supported by higher proprietary brand penetration. In our opinion, we see little to get excited about in the Q1 report and believe the company is not deserving of a multiple above 10x. The company reaffirmed full-year guidance of net sales down 2% to flat, operating margin of 2.8%-3.4%, and EPS of $1.00-$1.60. Inventory management remains a bright spot with merchandise inventories declining 8% Y/Y to $2.897B, while the balance sheet improved meaningfully with cash increasing to $429M from $153M the prior year. We believe the company continues to underperform peers with margins remaining extremely depressed as KSS's market position is dominated by off-price retailers.

$KSS
Wire

Kohl's Keeps Quarterly Dividend at $0.125 a Share, Payable June 24 to Holders of Record as of June 10

Kohl's Keeps Quarterly Dividend at $0.125 a Share, Payable June 24 to Holders of Record as of June 10

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