Kohl's (NYSE:KSS) EPS Increased Over Share Repurchase

Kohl's (NYSE:KSS) announcement they're going to increase the pace of the share repurchase resulted in Barclays (NYSE:BCS) increasing their earnings per share outlook.

"Given the accelerated share repurchase agreement, we are increasing our 4Q10 and 2010 EPS estimates to $1.64 and $3.74 from $1.59 and $3.70, respectively. As we already had incorporated a significant share repurchase into our 2011 estimates, we are maintaining our 2011 EPS estimate of $4.45," said Barclays.

Kohl's ended Thursday's trading session at $53.62, rising by $0.82, or 1.55 percent. Barclays has a price target of $65 on the retailer. They also maintain an "Overweight" rating on them.