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Kohl's Insider Selling Will Force Me Into Less Net Exposure

Kohls Corporation (KSS), whose stock has been on a tear since early-2013 - shares are up ~75%, just announced a guidance update last week that has shares trading at all-time high levels not seen since 2007. The company pre-announced Q4 comp sales growth of 3.7% and updated its fiscal 2014 diluted earnings per share guidance to $4.20 - $4.22.

All this after three straight quarters of missing revenues expectations and two out of three quarters missing EPS expectations. So, you would think that this would be the time for management to be getting uber-bulled up and pounding the table to analysts for higher price targets and institutional buying. Unfortunately for KSS bulls, one member of management has taken the return to all-time highs as a reason to dump shares.

Kenneth Bonning, sr. executive and vice president, in a Form 4 that went public on SEC.gov on 02/06/2015 disclosed that he … Read More …