Kohl’s Co. (NYSE:KSS) Shares Bought by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc increased its position in Kohl’s Co. (NYSE:KSS) by 100.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,000 shares of the company’s stock after buying an additional 40,000 shares during the quarter. Texas Capital Bank Wealth Management Services Inc owned about 0.07% of Kohl’s worth $1,839,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Kohl’s by 16.4% in the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock worth $361,127,000 after purchasing an additional 1,775,024 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kohl’s by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after buying an additional 52,126 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Kohl’s by 26.3% during the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after acquiring an additional 643,913 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Kohl’s by 348.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after acquiring an additional 1,694,162 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Kohl’s by 6,076.8% in the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock worth $42,175,000 after acquiring an additional 1,804,809 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Up 3.2 %

Kohl’s stock opened at $20.90 on Friday. Kohl’s Co. has a twelve month low of $17.68 and a twelve month high of $29.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The firm has a market cap of $2.32 billion, a PE ratio of 8.40, a P/E/G ratio of 1.32 and a beta of 1.93. The firm’s 50 day moving average price is $19.86 and its two-hundred day moving average price is $22.71.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Kohl’s’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, research analysts predict that Kohl’s Co. will post 1.8 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 9.57%. The ex-dividend date of this dividend was Wednesday, September 11th. Kohl’s’s dividend payout ratio is 80.65%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KSS shares. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a research report on Thursday, August 29th. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and decreased their target price for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a report on Wednesday, August 28th. Evercore ISI decreased their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Finally, Robert W. Baird lowered their price objective on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Kohl’s presently has an average rating of “Hold” and an average target price of $21.29.

About Kohl’s

Kohl's Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.