Latest news with #KSS
Yahoo
10 hours ago
- Business
- Yahoo
Kohl's (KSS) Surges 37.6%: Is This an Indication of Further Gains?
Kohl's KSS shares rallied 37.6% in the last trading session to close at $14.34. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 28.6% gain over the past four weeks. Kohl's shares have been gaining on the optimism surrounding its effective inventory and expense management. Focus on key growth categories like Sephora, home decor, and impulse items, along with enhanced customer experience initiatives, are contributing to KSS's success. This department store operator is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -44.1%. Revenues are expected to be $3.48 billion, down 6.7% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For Kohl's, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on KSS going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Kohl's is part of the Zacks Retail - Regional Department Stores industry. Dillard's DDS, another stock in the same industry, closed the last trading session 4.3% higher at $484.52. DDS has returned 15.2% in the past month. For Dillard's, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $3.47. This represents a change of -24.4% from what the company reported a year ago. Dillard's currently has a Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kohl's Corporation (KSS) : Free Stock Analysis Report Dillard's, Inc. (DDS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
News18
13 hours ago
- General
- News18
3,438 SHGs formed to empower de-notified, nomadic communities: Govt
New Delhi, Jul 23 (PTI) The Centre on Wednesday said it has formed 3,438 Self Help Groups (SHGs) with 46,067 members exclusively from de-notified, nomadic and semi-nomadic communities (DNTs) as part of its Scheme for Economic Empowerment of DNTs (SEED). The scheme aims to improve access to education, healthcare, housing and livelihood for these historically marginalised groups. In a written reply to a question in the Rajya Sabha, Minister of State for Social Justice and Empowerment B L Verma said the SEED scheme was launched to empower the DNT communities through targeted interventions, including free coaching for education and job opportunities, distribution of Ayushman Bharat health cards, promotion of livelihood activities through SHGs and provision of housing under the Pradhan Mantri Awas Yojana (both rural and urban). To coordinate efforts for the welfare of these communities, the ministry has also set up the Development and Welfare Board for De-notified, Nomadic and Semi-Nomadic Communities (DWBDNC). The board is working in collaboration with the National Backward Classes Finance and Development Corporation (NBCFDC), the National Scheduled Castes Finance and Development Corporation (NSFDC), and several NGOs to engage directly with the communities. However, the ministry clarified that the National Rural Livelihoods Mission (NRLM) does not maintain segregated data on DNT participation in SHGs at the national level. The SEED scheme is part of the government's broader effort to ensure social justice and inclusion for groups that have traditionally remained outside the formal welfare net. PTI UZM UZM KSS KSS view comments First Published: July 23, 2025, 18:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
a day ago
- Automotive
- News18
Delhi govt to invite innovative ideas for retrofitting BS-IV trucks
Agency: PTI Last Updated: New Delhi, Jul 22 (PTI) In view of the approaching ban on the entry of BS-IV trucks in the national capital, the Delhi government is going to invite innovative ideas for retrofitting of these vehicles to meet BS-VI standards, Environment Minister Manjinder Singh Sirsa said on Tuesday. The minister has directed the Delhi Pollution Control Committee (DPCC) to hold an innovation challenge to find technological solutions to the issue. The challenge will also involve finding solutions for reducing emissions of BS-IV compliant vehicles. 'The Innovation Challenge will be focused on identifying and promoting low-cost, easy-to-maintain and effective technological solutions capable of reducing/absorbing PM2.5 and PM10 emissions (of at least twice the amount emitted) from BS-IV vehicles operating," the minister said. PM2.5 are fine particles with a diameter of 2.5 micrometres or less, about the width of a human hair. These are so small that they can penetrate deep into the lungs and even enter the bloodstream, posing significant health risks. On the other hand, PM10 are coarser particles with a diameter of 10 micrometres or less, about the width of 10 human hairs. While not as concerning as PM2.5, these can still irritate the airways and worsen respiratory problems. The government will also hold a competition inviting innovation for retrofitting of BS-IV trucks to meet BS VI standards, he said. From November 1, only BS-VI (Bharat Stage 6), CNG or EV commercial vehicles will be allowed to enter the city. 'If commercial vehicles won't be allowed to enter Delhi, it would lead to a crisis. We will hold this challenge to invite solutions for retrofitting of BS-IV trucks," he added. The Bharat stage emission standards are standards instituted by the government to regulate the output of air pollutants from motor vehicles. The innovation challenge will be held in three stages — in the first stage, the proposal will be evaluated on the basis of paper submitted; the second stage will be focussed on carrying out an exhaustive study of the proposal following which Rs five lakh will be given for testing the technology. The certification will be given by The National Physical Laboratory (NPL), officials said. PTI SLB SLB KSS KSS view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
a day ago
- Business
- Time of India
Kohl's moon mission? Stock jumps 25% as Reddit hype triggers massive rally
Shares of Kohl's Corporation (NYSE: KSS) surged over 30% on Tuesday, July 22 , in a dramatic rally fueled by Reddit-driven hype and renewed retail investor interest. The stock briefly hit an intraday high near $19.75, prompting a temporary trading halt due to extreme volatility, before settling in the $13–$14 range by early afternoon. The sudden spike appears to be the result of coordinated buying activity on Reddit's WallStreetBets, where users are targeting the stock's high short interest—reportedly over 49% of the float. The goal? Trigger a massive short squeeze that could send shares 'to the moon.' Kohl's stock rally fueled by short squeeze frenzy The massive jump in Kohl's shares was sparked by its extremely high short interest, with around 53 million shares sold short — nearly 49% of its 112 million share float , according to the latest market data. This set the stage for a classic short squeeze, where traders betting against the stock are forced to buy shares to cover their positions, driving prices even higher. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo What's driving the Reddit frenzy over Kohl's? Kohl's has become the latest target in a growing list of so-called meme stocks —companies with weak fundamentals but massive social media attention. Reddit users are pointing to: High short interest : Nearly half of Kohl's shares are currently shorted, making it a prime candidate for a squeeze. Low share price : Trading near multi-decade lows, some investors see the stock as "undervalued." Contrarian appeal : Despite recent struggles, some bulls believe Kohl's has untapped potential tied to its real estate portfolio and cash flow. On r/WallStreetBets, one user posted: Live Events '$KSS is next. The short interest is insane. Let's ride this one to $30+!' Another user reportedly bought $60,000 worth of shares , saying they're betting on "the squeeze of the year." Is this rally backed by fundamentals? Not quite. Kohl's has been battling declining sales, executive shakeups, and a recent dividend cut. UBS even has a $4 price target on the stock, citing persistent weakness in its retail strategy. Wall Street remains cautious overall, with an average analyst target around $8. However, some contrarians point to the retailer's attractive valuation, free cash flow, and potential real estate monetization as long-term upside catalysts. Reddit traders return, targeting heavily shorted stocks Retail investors, particularly those active on Reddit communities like WallStreetBets, appear to have coordinated buying efforts to target KSS stock, much like the meme-stock movements seen with GameStop and AMC in recent years. The renewed attention has reignited discussions about the power of online communities in influencing stock prices and challenging institutional short sellers. Wall Street remains cautious despite rally Despite the parabolic rise, Wall Street analysts remain skeptical of the sustainability of the move. Goldman Sachs recently adjusted its price target for Kohl's stock from $5 to $7 , citing some improvements in sales and inventory management. However, this revised target still falls well below Monday's closing price of $9.58 , suggesting a significant disconnect between fundamentals and the current market hype. Will Kohl's go higher—or crash just as fast? This meme-fueled momentum could continue in the short term, especially if more shorts are forced to cover. But history suggests meme stocks often crash hard once the hype fades. Volatility is now at extreme levels, and trading halts may continue if price swings remain severe. Short squeeze trend spreads to Children's Place Kohl's isn't alone in the rally. Children's Place stock (NASDAQ: PLCE) also surged nearly 19% on Tuesday, as the children's apparel retailer similarly faces a high short interest of around 50%. Both stocks are now in the spotlight as potential short squeeze candidates, with social media buzz continuing to drive investor behavior. Is now the time to invest in Kohl's stock? With KSS stock up over 63% by midday despite pulling back from morning highs, the stock remains volatile and highly speculative. Investors considering a position should weigh the short-term momentum against the longer-term fundamentals. While short squeezes can deliver quick gains, they often lead to sharp reversals once the hype fades. Bottom Line : Kohl's stock has become the latest battleground in the meme-stock war, surging on the back of a Reddit-fueled short squeeze. With Wall Street still unconvinced and short interest remaining elevated, investors should approach Kohl's (KSS) with caution, balancing the excitement of potential gains with the risks of high volatility. FAQs: What is a short squeeze in the stock market? A short squeeze happens when a heavily shorted stock rises sharply in price, forcing short sellers to buy back shares to cover their positions. This additional buying further drives up the price, creating a feedback loop of gains. How much of Kohl's stock is shorted? According to recent data, about 53 million shares of Kohl's are shorted, which represents approximately 49% of its float . This high short interest made it a prime target for a short squeeze.
News18
2 days ago
- Health
- News18
No reports of manual scavenging received from states, UTs: Govt
Last Updated: New Delhi, Jul 22 (PTI) No reports of manual scavenging have been received from any state or Union Territory (UT), Minister of State for Social Justice and Empowerment Ramdas Athawale said on Tuesday. Responding to a question in the Lok Sabha, Athawale said that the Prohibition of Employment as Manual Scavengers and their Rehabilitation Act, 2013, had banned manual scavenging with effect from December 6, 2013. Despite long-standing concerns raised by activists and independent watchdogs over continued instances of manual scavenging-related deaths, Athawale said, 'No report of the practice of manual scavenging has been received from States/UTs." However, in response to another question, Athawale said the ministry had commissioned a social audit in September 2023 to study sanitation worker deaths. The audit examined 54 death cases that occurred in 2022 and 2023 across 17 districts in eight states, including four districts of Maharashtra — Mumbai, Pune, Parbhani and Satara. The audit revealed that these deaths occurred due to hazardous cleaning of sewers and septic tanks and the non-observance of safety procedures laid out under the 2013 Act and corresponding rules. The state and UT governments have been asked to investigate such deaths and take action under Section 7 of the Act against those responsible for engaging workers in prohibited activities. To address this, the government launched the National Action for Mechanised Sanitation Ecosystem (NAMASTE) scheme in 2023–24 in convergence with the Ministry of Housing and Urban Affairs. The initiative aims at ensuring the safety and dignity of sewer and septic tank workers across all Urban Local Bodies (ULBs) and empowering them socially and economically. The scheme includes the provision of PPE kits, Ayushman Bharat-PMJAY health cards, occupational safety training, safety devices for Emergency Response Sanitation Units (ERSUs), capital subsidies for sanitation machinery and workshops to prevent hazardous cleaning practices. In a separate written response, Minister of State for Social Justice B L Verma said the government is working to expand access to de-addiction services by setting up District De-addiction Centres (DDACs) in 291 districts identified as having no government-supported centres under the National Action Plan for Drug Demand Reduction (NAPDDR). An advertisement inviting proposals for setting up these centres has already been issued, Verma added. PTI UZM UZM KSS KSS view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
