Shares of Kohl’s Corporation (NYSE:KSS) gained about 6% in the pre-market trading session on Thursday on a major insider buy transaction. The company owns and operates family-oriented department stores offering branded apparel, footwear, accessories, beauty, and home products.
Kohl’s CEO, Thomas Kingsbury, recently bought 92,500 shares of the company at an average price of $21.82 per share. The total purchase consideration stands at $2.02 million. Kingsbury is also a member of Kohl’s Board of Directors. It is worth mentioning that Kingsbury has a 50% success rate in his four transactions so far.
Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Is KSS Stock a Good Buy?
KSS stock is down more than 60% over the past year. This drop in price presents a good opportunity for investors to buy the stock, as it seems undervalued at its current price. Currently, the price/sales ratio of 0.13x reflects a discount of 84.5% from the sector’s average of 0.84.
On TipRanks, KSS stock has a Hold consensus rating based on four Buys, five Holds, and two Sells. The average price target of $28 implies 27% upside potential.
