MENOMONEE FALLS, WI—Amid Kohl's Corp's (NYSE:KSS) challenging period, with the stock trading near its 52-week low and down over 33% in the past six months, Siobhan Mc Feeney, Senior Executive Vice President and Chief Technology and Digital Officer, sold 3,827 shares of the company's common stock on January 3rd. The shares were sold at a price of $14.05 each, amounting to a total transaction value of $53,769. Following this sale, Mc Feeney retains ownership of 133,091 shares, including 108,083 unvested shares of restricted stock and restricted stock units. This transaction was executed under a Rule 10b5-1 trading plan, which had been previously established by Mc Feeney on May 31, 2024. Despite the stock's recent performance, Kohl's maintains a notable 14.29% dividend yield and trades at just 0.41 times book value. InvestingPro subscribers can access detailed insider trading patterns and 13 additional key insights about Kohl's financial health and valuation metrics.
In other recent news, Kohl's Corporation (NYSE:KSS) has been facing significant challenges as reflected in their third-quarter results. The company reported a drop in earnings per share to $0.20 and a steep 9.3% decline in same-store sales. Despite these setbacks, the company managed to increase its gross margin and saw a 15% rise in beauty sales through its partnership with Sephora.
TD Cowen, Telsey Advisory Group, Guggenheim, Citi, Baird, and Evercore ISI have all adjusted their outlooks on Kohl's, with most reducing their price targets while maintaining neutral ratings. These adjustments come in light of Kohl's ongoing sales difficulties and operational challenges, despite the company's initiatives to revitalize sales.
Amid these developments, Kohl's is also undergoing a CEO transition, with Ashley Buchanan set to take the helm in January 2025. While the company faces a challenging period, it sees growth opportunities in expanding product lines, including Babies R Us shops and fine jewelry. These are recent developments as Kohl's navigates a period of strategic repositioning under new leadership.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.