|Bid||46.47 x 1100|
|Ask||46.90 x 900|
|Day's range||46.08 - 48.17|
|52-week range||42.68 - 64.80|
|Beta (5Y monthly)||2.12|
|PE ratio (TTM)||7.30|
|Earnings date||01 Mar 2022|
|Forward dividend & yield||1.00 (2.13%)|
|Ex-dividend date||07 Dec 2021|
|1y target est||67.36|
(Bloomberg) -- A group backed by activist hedge fund Starboard Value LP is offering about $9 billion for retailer Kohl’s Corp., according to people familiar with the matter.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market Value‘Lethal’ U.S. Military Aid Begins Arriving in UkraineBitcoin Has Lost Half Its Value Since Hitting Record HighBitcoin Chart Hints at Possible Floor for SlideCrypto Collapse Tests Faithful’s Infinite Supply of OptimismThe offer is led by Acacia Re
An activist investment fund is demanding big changes at Kohl's. But in reality, all it wants is a quick fix for the retailer's lagging stock price.
Shares of department store chain Kohl's (NYSE: KSS) have mostly underperformed their rivals' stocks of late. On the flip side, simply selling real estate or spinning off a seemingly successful e-commerce business is a short-term, short-sighted means of "unlocking value." On the off chance you're reading this and aren't familiar, here's the quick and dirty catch-up: Activist investors are targeting Kohl's.