Keep an eye on beaten-down, oversold shares of Kohl’s (KSS).  After falling from $35 to $22.66, the stock is showing signs of life again. All after new CEO Thomas Kingsbury bought 92,500 shares at $21.82 a share for about $2 million.  That comes shortly after a painful fourth quarter, where the company posted an EPS loss of $2.49—significantly lower than the 97 cents expected. Sales came in at $5.8 billion, which was lower than expectations for $6 billion.

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In addition, according to Barron’s, “For the full year 2023, the retailer estimated sales to decrease by 2% to 4% from 2022 levels, implying sales of $16.86 billion to $16.5 billion. Analysts were looking for $17.74 billion.”


Ian Cooper