Jefferies Reduces FY12 And FY13 EPS Estimates On KSS

Jefferies is reducing its FY12 and FY13 EPS estimates on Kohl's Corporation KSS to $4.30 and $4.92 from $4.45 and $5.10. “This primarily reflects higher SG&A growth, higher interest expense and a higher tax rate,” Jefferies writes. “Our sales expectations remain the same.” Kohl's Corporation closed Thursday at $53.80.