Why Kohl’s Corporation (KSS) Stock Is Spiking Today

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Kohl’s Corporation (NYSE:KSS) shares were up Wednesday following an updated guidance report.

kohl's-corporation-kssAccording to the Kohl’s guidance report, comparable sales for Q4 2014 are up 3.7%. The company also updated its earnings per share guidance to $4.20 to $4.22.

Kohl’s CEO Kevin Mansell said the company was happy with its Q4 sales and that it has seen business improve with its new strategies. He also thanked the company’s 140,000 employees for the hard work they do.

Kohl’s will release its earnings report for the fourth quarter of 2014 on February 26, 2015.

Jefferies Group increased its price target for KSS stock on Tuesday. It increased its price target from $68 to $71, reports WKBR.

KSS shares were up 5% as of Wednesday afternoon.

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