Stock price when the opinion was issued
It's rebounding today after an earnings drop. Expectations were too great after investors saw good numbers from Abercrombie and Foot Looker and Best Buy. She's opkay with Kohl's, will hold and give it two more quarters. Regular sales were up 2.4%, though clearance sales reduced overall sales 6%, but inventories fell 13%. Good management here. They will maintain the dividend while reducing debt.
This company has overly discounted how horrible the consumer will be. The 8.7% dividend is fine. But you should no more than 2.5% in your portfolio.