Kohl's (NYSE:KSS) Estimates Raised by FBR Capital After Strong November

November was a good month for Kohl's (NYSE:KSS) and FBR Capital raised the EPS estimate on the company, along with their price target in response to their performance.

FBR said, "We are raising estimates on KSS due to strong sales. We are now modeling a 3% comp for the balance of the quarter. Our gross margin and SG&A assumptions are in line with management’s guidance, and we are modeling 299 million average weighted shares outstanding. Our revised EPS estimate (ex items) of $1.59 compares to our prior estimate of $1.46. These changes take our CY10 estimate to $3.68 from $3.56. Our CY11 estimate increases to $4.33 from $4.19."

FBR maintains a "Market Perform" on Kohl's, which closed yesterday at $55.03, dropping $0.99, or 1.77 percent. FBR raised their price target on them from $54 to $58.