Previous close | 38.38 |
Open | 38.39 |
Bid | 0.00 x 1000 |
Ask | 0.00 x 900 |
Day's range | 37.76 - 39.74 |
52-week range | 34.64 - 64.38 |
Volume | |
Avg. volume | 4,223,750 |
Market cap | 5.042B |
Beta (5Y monthly) | 1.87 |
PE ratio (TTM) | 6.19 |
EPS (TTM) | 6.34 |
Earnings date | 17 Aug 2022 - 22 Aug 2022 |
Forward dividend & yield | 2.00 (5.10%) |
Ex-dividend date | 07 Jun 2022 |
1y target est | 51.64 |
Unfortunately, it's been tough for investors to put together more than one day of gains, and the realization that a recession could be more likely is starting to affect market sentiment. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) gave up early gains to finish slightly lower. Altria Group (NYSE: MO) took a hit related to potential regulation that could invalidate a key strategy it has pursued for quite a while now, while Kohl's (NYSE: KSS) might have to overcome the challenges of having a potential buyout bid come in lower than expected.
Shares in Kohl's fell more than 10% after the report. Franchise is considering whether buying Kohl's is the best use of the Vitamin Shoppe owner's capital, according to the report. Kohl's and Franchise Group did not immediately respond to Reuters requests for comment.
BOSTON (Reuters) -Franchise Group, the preferred bidder to acquire Kohl's, is in discussions to keep the retailer's top management team, including CEO Michelle Gass, if the planned sale is finalized, three sources familiar with the matter said. Franchise Group, which owns brands including Vitamin Shoppe and Buddy's Home Furnishings, joined the bidding for Kohl's in April and earlier this month agreed to a three-week period of exclusive talks after offering to pay around $60 a share. Franchise Group executives have signaled confidence in Gass and members of her management team, the sources said, noting that Franchise Group is known to buy businesses that have operating teams in place and does not specialize in bringing in new management teams.