What Did Jim Cramer Say About These 19 Stocks Recently?

14. Kohls Corp (NYSE:KSS)

Number of Hedge Fund Holders: 26

Kohls Corp (NYSE:KSS) continues to struggle in a tough retail environment, cutting its dividend from 50 cents to 12.5 cents and issuing a bleak earnings forecast. Cramer didn’t hold back on how bad the numbers were:

“Now consider the case of Kohl’s, a former jewel of a chain that’s fallen on hard times, cutting its dividend today from 50 cents to 12.5 cents. Not good. Kohl’s is still making some money, but they’re forecasting a huge reduction in earnings—10 to 60 cents versus $1.24 the analysts were expecting. More important, they see same-store sales down 4 to 6% when the analysts were expecting only to be down 1%. Ouch, that’s very bad.”

Once considered one of the leading department store chains, Kohls Corp (NYSE:KSS) has been losing market share to competitors like Target and Walmart, as well as online retailers. With declining foot traffic and disappointing sales forecasts, Cramer remains bearish on the stock.