kohls
ValueWalk
Target Corporation (NYSE:TGT) announced its near-term profit would take a dent as the retailer tries to cancel orders to aggressively offload unwanted items. This means Target has curved its second-quarter profit estimates while it manages to offer relevant product categories to customers. Offloading InventoryAs reported by CNBC, shares of the giant retailer plunged by 7% in premarket trading after the news broke. Q1 2022 hedge fund letters, conferences and more CEO Brian Cornell told the news outlet, “We thought it was prudent for us to be decisive, act quickly, get out in front of this, addr...
ValueWalk
Shares of Kohl’s Corporation (NYSE:KSS) have surged over 31% on Monday after private equity firm Sycamore and hedge fund Starboard Value LP made the department store giant takeover offers. Both represent an improvement on the company’s current share price of $46.84. Q4 2021 hedge fund letters, conferences and more Takeover OfferAs reported by CNBC, buyout offers by Sycamore and Starboard Value LP have sent the shares of Kohl’s up, with the equity firm willing to splash a minimum of 65% per share, which represents a 39% premium to the stock’s close of $46.84 on Friday. “The offer from Sycamore ...
ValueWalk
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