Top 10 Stocks With Big Insider Buying, Buybacks

One of the primary goals of Stockpickr.com is to allow everyday investors a look at what the big guns are buying. Often times, we see a big-name investor loading up on a particular stock. This is usually a good sign because you know that person put a lot of time and due diligence into that process.

But when that same company announces that an insider has purchased a large chunk of stock or, even better, the board announces a new large share-buyback program, that usually seals the bullish case for the stock.

As Jim Cramer often points out, insider selling happens all the time for many different reasons, but insiders buy for only one reason: They think their stock is going higher.

That's why, each Thursday at Stockpickr we update the Top 10 Insider Purchases and Buybacks portfolio, featuring stocks that have had either big insider purchases or newly announced buybacks as well as super investors accumulating shares.

Kohl's(KSS Quote) makes this week's list. The Wisconsin-based retailer said it will repurchase $2.5 billion worth of common stock over the next three years. The company plans to finance the buyback from operating cash flow and debt.

Because the stock has plummeted some 25% in the past five months, the company believes an investment in its own shares will provide a substantial return. At the current share price, the buyback represents 13% of total outstanding shares.