I love Kohl's. It picks up in/on/around JC Penny's. Better laid-out store vs. Target, competitve prices, and the quality of the clothes is just a shade better many times. Also, at least locally, they're location choices have been pretty good; they're putting their stores in many big-box-strips AS WELL AS leasing undervalued former K-mart and former Mervyn's locations.

Target is nothing to sneeze at though. I'd still stick with Federated (FD) myself.

VAD is doing the for a reason; retail stocks are often tied to Consumer Confidence Indices and fuel Indices until proven otherwise.

Lastly, why is the OP buying 1K shares at ~$72? I mean, unless you're making over $500K a year, that's a considerable chunk in one basket.

 

Actually, long-term investment doesn't apply to all stocks. Some are good for long-term investment, some are not. I feel that Kohl's is not. I bought it because of its outstanding 3Q report, and felt that it certainly would go up. Well, today, it did go up and I made a quick $2 grand. I only wanted to take advantage of its good quarterly report, that's all...not long-term. However, Kohl's would've been an awesome short-term investment (few months) like 3 months ago. Since then, it went up 20+ points, not too shabby. Many analysts still have a "Buy" rating on it, and many have "Overweight", which is next to "buy". That certainly is not bad at all of a rating. I still wouldn't go long-term in it though, but I wonder if it'll become like Sear's stock in a few years.

Thanks, guys, for at least responding! I just wanted to vent because it seemed awkward that earlier Penny went up but Kohl's went down, both came out with similarly excellent reports.

 

[QUOTE=THEOLDMAN,Nov 10 2006, 06:45 AM] I don't see Kohl's a competitor to Penney's and cetainly not Macy's.

 

[QUOTE=Penforhire,Nov 10 2006, 08:23 AM] Sure they compete.

 

[QUOTE=kumainu,Nov 10 2006, 01:02 PM] Actually, long-term investment doesn't apply to all stocks.

 

Well, the indicators told me to buy. It eventually went up, but took longer (overnight) than I had expected. Today, Stifen Nicholaus firm stated a "buy" rating on Kohl's, and Prudential firm with an "overweight". The stock jumped. To be fair, the earnings report was excellent and the company upped its forecast for next year. With such news, the stock had nowhere to go but up, and it did. I was a little shocked that it didn't go up right away after such good news. I'm relieved that I made a profit and not have to worry about it anymore. I do have some long-term investments, but didn't want to keep Kohl's for long.

 

Target has teamed up with Mizrahi, Mossimo, and some brands/designers of note over the years. This is nothing new in the discount retail area, the only difference is that the stores are doing better homework in picking designers that will bring in shoppers.

Don't get rooked-in by this. The designs will still be from Vera Wang (or her design studio), but the fabrics, workmanship, etc. will change for the Kohl's line.

If the stuff looks good and is made of "good-enough" to the price-point, people will buy it.

 

This is a bit off topic, but...
Look at what Fiat's (FIA) stock has done in the past 6 months. I bought a couple of weeks ago, and look at it now.

 

Every day I hear the market reports: the Dow was up because of this, the NASDAQ was down because of that, the yield on the ten-year Treasury was up because of the other. Analysts seem to believe that if they cannot provide a reason for every fluctuation they're not doing their job, or, at least, might be perceived as not doing their job.

It's all garbage.

In the short run the ups and downs of the market are mostly noise: random, unpredictable, unexplainable noise. The situation for individual securities is even worse.

Why did Kohl's stock go down? Nobody knows. Let it go.

In the long run, there are reasons for the ups and downs. If Kohl's stock stays down, then you have reason to ask why, and there will likely be an answer.

 

theres a reason why JC Penny is now opening stores that are Kohls knock offs. The Kohls model works and the department store model is antique. Kohls will be opening 100 doors per year, for the next 4 years. JC Penny will be closing as many doors as they open....walk into a Penny's and it could be 1975, 85, 95, or '05, and you wouldnt know the difference.

To the guy that says Kohls is more like KMart than Penny's or MayCo stores, go take a look a closer look at the floor. You have top name brands as well as very updated private label brands, which provide great quality and value. You have Adidas, Nike, Chaps, Carters, Dockers, Levi, Skechers, Daisy, Nine, Hawk, Columbia, Vera, Candies, Glo, Hanes, Dyson, Grassroots, Rachel Ray, just name a few, all brands you'll find in mid to top tier retail.