3 Top Retail Stocks to Buy Now
Investing in retail stocks has always been somewhat dangerous due to an abundance of competition in the sector. However, the rise of Amazon.com (NASDAQ: AMZN) has made retail an even more perilous place for long-term investors.
For many storied retail giants like Macy's (NYSE: M), comparable-store sales -- a key revenue metric that strips out store openings and closings -- began to decline in 2015, and haven't recovered. Persistent comparable-store sales drops have caused a sharp erosion in operating profit at Macy's, as well as at other department stores like Kohl's (NYSE: KSS). Investors are anxiously watching other retailers' comp sales trends, fearing that they could be Amazon's next victims.
To some extent, this caution is warranted. That said, the sell-off among department store stocks in particular has made companies like Macy's and Kohl's extremely attractive for value investors who are willing to be patient in the face of tough short-term trends.
Source: Fool.com
Kohl's Corp. Stock
Currently there is a rather positive sentiment for Kohl's Corp. with 4 Buy predictions and 2 Sell predictions.
As a result the target price of 23 € shows a positive potential of 24.81% compared to the current price of 18.43 € for Kohl's Corp..
