Texas Capital Bank Wealth Management Services Inc Has $1.84 Million Position in Kohl's Co. (NYSE:KSS)

Texas Capital Bank Wealth Management Services Inc grew its position in Kohl's Co. (NYSE:KSS - Free Report) by 100.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,000 shares of the company's stock after acquiring an additional 40,000 shares during the quarter. Texas Capital Bank Wealth Management Services Inc owned 0.07% of Kohl's worth $1,839,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Security National Bank bought a new position in Kohl's during the second quarter worth about $34,000. CWM LLC lifted its position in shares of Kohl's by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company's stock worth $44,000 after buying an additional 948 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in Kohl's in the 2nd quarter valued at $49,000. Register Financial Advisors LLC bought a new stake in Kohl's in the first quarter valued at $54,000. Finally, Summit Securities Group LLC raised its stake in Kohl's by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company's stock worth $55,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Kohl's Trading Up 3.2 %

KSS stock traded up $0.65 during trading on Friday, hitting $20.90. The company had a trading volume of 6,705,464 shares, compared to its average volume of 6,011,740. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.32 and a beta of 1.93. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $19.86 and a 200-day moving average price of $22.66. Kohl's Co. has a 12 month low of $17.68 and a 12 month high of $29.60.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.13. The business had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $3.69 billion. Kohl's had a return on equity of 7.43% and a net margin of 1.66%. The firm's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. As a group, analysts predict that Kohl's Co. will post 1.8 earnings per share for the current year.

Kohl's Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KSS shares. JPMorgan Chase & Co. downgraded shares of Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 target price on the stock. in a research note on Thursday, August 29th. TD Cowen cut shares of Kohl's from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. Robert W. Baird dropped their price objective on shares of Kohl's from $27.00 to $25.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. StockNews.com downgraded Kohl's from a "buy" rating to a "hold" rating in a report on Friday, May 31st. Finally, Morgan Stanley lowered Kohl's to an "underweight" rating and decreased their price target for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target 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.