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

Texas Capital Bank Wealth Management Services Inc raised its holdings in Kohl’s Co. (NYSE:KSS) by 25.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the company’s stock after acquiring an additional 20,000 shares during the quarter. Texas Capital Bank Wealth Management Services Inc owned 0.09% of Kohl’s worth $2,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Pacer Advisors Inc. lifted its stake in Kohl’s by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after purchasing an additional 9,925,878 shares during the last quarter. FMR LLC lifted its position in shares of Kohl’s by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after acquiring an additional 740,398 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Kohl’s by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after acquiring an additional 52,126 shares in the last quarter. American Century Companies Inc. boosted its stake 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 worth $71,126,000 after acquiring an additional 643,913 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Kohl’s by 348.0% in 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 during the last quarter. Institutional investors own 98.04% of the company’s stock.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the sale, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley reduced their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, November 25th. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research note on Thursday, August 29th. Robert W. Baird downgraded shares of Kohl’s from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $18.00 in a research report on Wednesday, November 27th. Citigroup reduced their price target on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Finally, Gordon Haskett cut shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.22.

Kohl’s Price Performance

Shares of NYSE:KSS opened at $15.40 on Friday. The business has a fifty day simple moving average of $18.28 and a 200 day simple moving average of $20.32. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. Kohl’s Co. has a 1 year low of $14.22 and a 1 year high of $29.60. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 1.46 and a beta of 1.88.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. As a group, sell-side analysts predict that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 12.99%. Kohl’s’s dividend payout ratio (DPR) is 90.09%.

Kohl’s Profile

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.