NEW YORK, NY / ACCESSWIRE / March 14, 2018 / Kohl's and Macy's were two retail stocks seeing gains in Tuesday Trading. Both companies reported impressive fourth quarter results earlier in the month but had no significant news yesterday to explain their gains other than the fact that both the stocks will begin trading ex-dividend from today, March 14.

RDI Initiates Coverage on:

Kohl's Corporation
https://rdinvesting.com/report/?ticker=KSS

Macy's, Inc.
https://rdinvesting.com/report/?ticker=M

Kohl's Corporation shares closed up 2.71% on Tuesday with nearly 4 million shares traded. The company didn't have any significant news yesterday but may have seen gains as today is the ex-dividend date for the $0.61 dividend. It was earlier this month that Kohl's released its fourth quarter and year ended February 3, 2018. The retailer reported net income of $468 million for the fourth quarter, or $2.81 per share. EPS was $1.99 without the tax overhaul and store closures, coming in way ahead of the $1.77 that analysts were expecting. Revenue at $6.78 billion was also ahead of the $6.74 billion that analysts had waited for. Looking ahead, the company is expecting earnings diluted per share in the range of $4.95 to $5.45 for fiscal 2018. Last month Kohl's Board of Directors also declared a quarterly cash dividend on its common stock of $0.61 per share. This is an 11% increase compared to its prior dividend. The dividend will be payable this month on the 28th to shareholders who are on record as of the close today. The company also revealed earlier in the month that it would bring discount grocer Aldi into as many as 10 stores later this year in a pilot test.

Access RDI's Kohl's Corporation Research Report at:
https://rdinvesting.com/report/?ticker=KSS

Macy's, Inc. shares closed up 3.69% on nearly 12.6 million shares traded. There was no remarkable news from the company. It was in February that the stock saw a gain of 13% after the retailer posted its fourth quarter results. Fourth-quarter sales saw an increase of 1.8% to $8.66 billion and comparable sales on an owned basis saw a 1.3% gain. They saw a 1.4% on an owned-plus-licensed basis. EPS increased from $1.54 in the year ago period to $4.31. Company CEO Jeff Gennette remarked in the earnings release, "Consumer spending was strong in the fourth quarter, and we were ready with improved execution and great products across all categories. We were disciplined with our promotional cadence and maintained a good inventory position. We head into 2018 with an improved base business, healthy inventories, a focused and engaged organization and a clear path to return Macy's to growth."

Access RDI's Macy's, Inc. Research Report at:
https://rdinvesting.com/report/?ticker=M

Our Actionable Research on Kohl's Corporation (NYSE: KSS) and Macy's, Inc. (NYSE: M) and can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com