Kohl's Q2: One-Time Tariff Cash Lets Management Lean Hard on Buybacks — A Tactical Long
Kohl's reported a Q2 windfall tied to tariff refunds that management is funneling into share repurchases. At roughly $18, the stock trades at ~7.5x earnings, ~0.5x book and an EV/EBITDA of ~4.5, implying the market is pricing weak fundamentals into a steep discount. This trade idea targets a rebound back toward the $24 area over the next 180 tradin…