Insider Selling: Kohl's Co. CEO Sells 100,000 Shares of Stock (KSS)
Kohl's Co. (NYSE:KSS) CEO Kevin Mansell sold 100,000 shares of Kohl's Co. stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $53.28, for a total transaction of $5,328,000.00. Following the completion of the transaction, the chief executive officer now directly owns 307,514 shares of the company’s stock, valued at approximately $16,384,346. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Kohl's Co. (NYSE:KSS) traded up 2.78% on Tuesday, hitting $54.30. The stock had a trading volume of 3,149,987 shares. Kohl's Co. has a one year low of $48.68 and a one year high of $59.00. The stock has a 50-day moving average of $54.36 and a 200-day moving average of $54.36. The company has a market cap of $11.186 billion and a P/E ratio of 13.15.
Kohl's Co. (NYSE:KSS) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.03. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.22 billion. On average, analysts predict that Kohl's Co. will post $4.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Monday, June 9th.
Several analysts have recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Kohl's Co. from $65.00 to $62.00 in a research note on Friday, May 16th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kohl's Co. in a research note on Friday, May 16th. They now have a $55.00 price target on the stock. Finally, analysts at Sterne Agee cut their price target on shares of Kohl's Co. from $65.00 to $61.00 in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Kohl's Co. currently has a consensus rating of “Hold” and a consensus price target of $58.75.
Kohl’s Corporation (NYSE:KSS) operate family-oriented department stores that sell apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows, and housewares.
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