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Kohl’s Corporation (NYSE:KSS): The stock is currently trading at $46.78, down 8.52 percent from its previous close of $51.15. It has traded in the range of $42.72 and $55.25 in the past 52 weeks. The stock plummeted on the news of its dismal sales performance for the month of November.
Kohl’s is among other retail stocks on the downward spiral today. Top retailers reported 1.6 percent increase in sales at their stores open for at least a year. The increase is less than anticipated by the analysts at 3.3 percent. However, Kohl’s performed even worse by reporting 5.6 percent decline in its revenue from stores open for at least last one year. It was expected to report 2.1 percent higher sales. The stock is trading above its 20 days moving average price of $46.61 but below its 50 days moving average price of $46.83. The stock is trading at the Price Earnings ratio of 10.61. Kohl’s is engaged in retail industry and is based out of Wisconsin.
Tiffany & Co. (NYSE:TIF): The company reported disappointed third quarter results and dragged the retail sector down. Tiffany also lowered its estimates. The stock is currently trading at $58.83, down 7.64 percent from its previous close of $63.73. Tiffany reported 4 percent decline in its store sales in Asia, while its global sales increased 3.8 percent to $852.7 million. It was expected to port its sales at $859.2 million. The stock is trading at the Price Earnings ratio of 17.13. It has traded in the range of $49.72 and $74.20 in the past 52 weeks. However, the stock is trading above its 20 days moving average price of $58.79 and 50 days moving average price of $58.78. Its net income fell to $63.2 million for the quarter. The company had earned $89.7 million for the corresponding quarter of the last year. Tiffany expects its global net sales to increase by 5 to 6 percent for the year ending on January. On per share basis, it expects the earnings to be in the range of $3.20 to $3.40 per share. Its earlier estimates were in the range of $3.55 and $3.70 per share, while analysts were expecting $3.59 per share.
Liquidity Services Inc. (NASDAQ:LQDT): The stock is currently trading at $35.76, down 18.25 percent from its previous close of $43.73. The company reported its fourth quarter results and its full year revenue stood at $475.3 million, up 41 percent. Its adjusted EBITDA grew 109 percent to $110.1 million for the full year. Liquidity Services earned $122.3 million in revenue for the fourth quarter while its adjusted EBITDA for the quarter was recorded at $23.1 million, up 85 percent from its adjusted EBITDA for the corresponding quarter of the last year. The stock is trading at the Price Earnings ratio of 25.43. It has traded in the range of $29.30 and $66.57 in the past 52 weeks. However, the stock is trading below its 20 days moving average price of $36.02 and 50 days moving average price of $36.44. The company is involved in the business of selling surplus goods in auction. It is based out of Washington and was formed in 1999. Liquidity Services also provided its estimates for next fiscal year. It expects its FY 2013 EBITDA to be in the range of $123 million and $133 million.
Timken Co. (NYSE:TKR): The stock downgraded by Jefferies to Hold, down from Buy. Jefferies has set the stock’s price target at $45, while it is currently trading at $44.23, down 4.33 percent from its previous close of $46.23. The stock is trading at the Price Earnings ratio of 8.25. It has traded in the range of $32.59 and $57.94 in the past 52 weeks. The company is also being targeted by activist investors. California State Teachers’ Retirement System and Relational Investors LLC have urged the company to spin off its steel unit. California State Teachers’ Retirement System and Relational Investors LLC own 0.4 percent and 5.7 percent stake in the company respectively. However, the company had already turned down any such possibility of spin off. Timken has stated that the synergies between its main business and Steel unit make the spin off plan infeasible. However, the stock is trading below its 20 days moving average price of $44.32 and 50 days moving average price of $44.47.
