Kohl’s shares gain for a third session in a row on Tuesday, CEO Mansell to step down in May 2018

According to a September 26th statement by Kohl’s Corporation (KSS), Kevin Mansell, the companys Chief Executive, is to retire in May 2018 at the close of Kohl’s annual shareholders meeting.

Kohl’s shares closed higher for a third consecutive trading session on Tuesday. The stock edged up 0.13% ($0.06) to $46.27, after touching an intraday high at $46.94, or an exact test of the high from Monday. In the week ended on September 24th the shares of the department store operator added 2.08% to their market value compared to a week ago, which marked a fifth straight period of gains. Yet, it has been the smallest rate of increase since the week ended on August 6th. The stock has extended its advance to 16.31% so far during the current month, following a 3.80% slump in August. The latter has been the first drop out of three months and also the steepest one since March. For the entire past year, Kohl’s shares gained 3.67%. The stock has retreated 6.30% so far in 2017.

Mansell is to be succeeded by Michelle Gass, who currently serves as Kohl’s Chief Merchandising Officer.

At the same time, Sona Chawla, the companys Chief Operating Officer, is to be appointed as President of the department store operator.

According to CNN Money, the 20 analysts, offering 12-month forecasts regarding Kohl’s Corporation’s stock price, have a median target of $42.00, with a high estimate of $50.00 and a low estimate of $32.00. The median estimate is a 9.23% decrease compared to the closing price of $46.27 on September 26th.

The same media also reported that 15 out of 22 surveyed investment analysts had rated Kohl’s Corporation’s stock as “Hold”, while 4 – as “Buy”. On the other hand, 3 analysts had recommended selling the stock.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Kohl’s stock are presented as follows:

R1 – $46.39
R2 – $46.50
R3 (Range Resistance – Sell) – $46.62
R4 (Long Breakout) – $46.96
R5 (Breakout Target 1) – $47.37
R6 (Breakout Target 2) – $47.55

S1 – $46.15
S2 – $46.04
S3 (Range Support – Buy) – $45.92
S4 (Short Breakout) – $45.58
S5 (Breakout Target 1) – $45.17
S6 (Breakout Target 2) – $44.99

By using the traditional method of calculation, the weekly levels of importance for Kohl’s Corporation (KSS) are presented as follows:

Central Pivot Point – $45.84
R1 – $47.67
R2 – $49.28
R3 – $51.11
R4 – $52.95

S1 – $44.23
S2 – $42.40
S3 – $40.79
S4 – $39.19