Bookmark and Share

Kohl’s Corporation Director Buys 2,568 Shares (KSS)

Kohl’s Corporation (NYSE: KSS) Director, Ximena G. Humrichouse recently bought 2,568 shares of KSS for $50.22 per share, according to a SEC filing made last week. Humrichouse made a total investment of $128,691.

KSS shares have risen sharply in trading today. At last check, KSS shares were trading 2.38% higher at $51.70 on volume of 793,653. The stock hit an intra-day high of $51.66 earlier in the day. KSS shares have gained 20.20% in 2013 so far, outperforming the S&P 500, which gained 14% in the same period.

Kohl’s, which operates family-oriented department stores that sell apparel, footwear, and accessories for women, men, and children; and soft home products, reported its most recent financial results (Q1) in May. For the first quarter ended May 4, 2013, the retailer had reported earnings of $0.66 per share, compared to $0.63 per share reported for the same period in the previous year.

KSS’s sales for the first quarter stood at $4.2 billion, compared to $4.24 billion reported for the same period in the previous year. The company’s comparable store sales for the quarter fell 1.90%. Net income for the quarter stood at $147 million, compared to $154 million reported for the same period in the previous year.

CEO Kevin Mansell said at the time of the release of the first quarter that after a slow start, sales improved considerably in April as the weather finally improved in the company’s most weather-sensitive regions. Mansell said that despite lower-than-expected sales, the company outperformed its earnings guidance as gross margin results and expense management were better-than-expected.

For the second quarter ending August 3, 2013, Kohl’s expects to report earnings of $1 per share to $1.08 per share. The guidance is based on sales growth of 1% to 3%. Comparable store sales growth for the second quarter is expected to be between 0% and 2%.

Leave a Reply




You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

All stories in are for informational purposes only. This is NOT a stock recommendation. This story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at . About is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.