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%.
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