Bloomberg: Kohl's a Potential Takeover Target

Wisconsin-based department store chain Kohl's (NYSE: KSS) is on deck as a potential takeover target. Per Bloomberg, Edward Jones believes Kohl's could be an attractive buyout candidate for a private equity firm. According to data compiled by Bloomberg, the company trades at 0.58 times sales and at a cheaper multiple to profit than any other department store chain in North America. The article goes on to note that exclusive brands from fashion designer Vera Wang and pop-star Jennifer Lopez have built customer loyalty and that Kohl's has a free cash flow yield that's higher than those of its peers. Bloomberg notes that Kohl's had over $900 million in free cash flow over the past 12 months. Edward Jones isn't the only speculator in this equation. According to Bloomberg, Morningstar has also listed Kohl's as a top takeover target, citing the company&#...