Insider Selling: Kohl's Co. CFO Unloads 11,300 Shares of Stock (KSS)
Kohl's Co. (NYSE:KSS) CFO Wesley S. Mcdonald sold 11,300 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $58.99, for a total value of $666,587.00. Following the completion of the sale, the chief financial officer now directly owns 129,640 shares in the company, valued at approximately $7,647,464. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on KSS shares. Analysts at Maxim Group upgraded shares of Kohl's Co. from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $68.00 price target on the stock, up previously from $48.00. Separately, analysts at Stifel Nicolaus raised their price target on shares of Kohl's Co. from $60.00 to $68.00 in a research note on Friday, August 22nd. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Kohl's Co. from $55.00 to $62.00 in a research note on Thursday, August 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. Kohl's Co. currently has an average rating of “Buy” and an average target price of $61.85.
Kohl's Co. (NYSE:KSS) traded up 0.05% on Wednesday, hitting $59.14. The stock had a trading volume of 2,389,358 shares. Kohl's Co. has a one year low of $48.68 and a one year high of $59.90. The stock’s 50-day moving average is $55.45 and its 200-day moving average is $54.5. The company has a market cap of $12.065 billion and a price-to-earnings ratio of 14.40.
Kohl's Co. (NYSE:KSS) last released its earnings data on Thursday, August 14th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.06. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.28 billion. Analysts expect that Kohl's Co. will post $4.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Monday, September 8th.
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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