Analysis: Kohl's snub of big sale-leaseback sets up new clash with hedge funds [Reuters]
Kohl's Corporation (KSS)
Last kohl's corporation earnings: 3/3 07:00 am
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Source: Reuters
Nov 22 (Reuters) - Kohl's Corp's (KSS.N) reluctance to sell much of its real estate and then lease it back has set up the U.S. department store operator for a new confrontation with hedge funds. Macellum Capital Management LLC and Ancora Advisors LLC are among hedge funds that have been pressuring Kohl's to cash out on assets and return money to shareholders after launching challenges in the last two years that led to three newcomers joining the company's board. The stakes are high. Kohl's shares are down 37% year-to-date, double the drop of the broader stock market, as investors fret over its plummeting sales after the Menomonee Falls, Wisconsin-based company unsuccessfully tried to sell itself in the first half of 2022. Kohl's, whose chief executive Michelle Gass announced this month she is leaving to join jeans maker Levi Strauss & Co (LEVI.N) , could be the target of another proxy contest at its annual shareholder meeting next spring unless it can turn its fortunes around,
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KSS
News
- Kohl's Corporation: Core Business Going Strong With Opportunities In Adjacent Categories [Seeking Alpha]Seeking Alpha
- Kohl's Co. (NYSE: KSS) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Kohl's (KSS) Down 8.2% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
- Kohl's Donates $5 Million to Alliance for a Healthier Generation to Improve Family Health & Wellness NationwideBusiness Wire
- Kohl's Million-dollar Turnaround Man [Yahoo! Finance]Yahoo! Finance
KSS
Earnings
- 3/12/24 - Beat
KSS
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- KSS's page on the SEC website