Annex Advisory Services LLC Purchases 4,152 Shares of Kohl’s Co. (NYSE:KSS)

Annex Advisory Services LLC lifted its holdings in Kohl’s Co. (NYSE:KSS) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,789 shares of the company’s stock after buying an additional 4,152 shares during the period. Annex Advisory Services LLC’s holdings in Kohl’s were worth $4,237,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CWM LLC boosted its position in Kohl’s by 590.5% in the third quarter. CWM LLC now owns 13,286 shares of the company’s stock worth $280,000 after purchasing an additional 11,362 shares during the last quarter. Axiom Advisory LLC boosted its holdings in shares of Kohl’s by 13.1% in the 3rd quarter. Axiom Advisory LLC now owns 14,552 shares of the company’s stock worth $297,000 after buying an additional 1,680 shares during the last quarter. Algert Global LLC purchased a new position in shares of Kohl’s in the 2nd quarter worth about $694,000. Texas Capital Bank Wealth Management Services Inc grew its position in Kohl’s by 100.0% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock valued at $1,839,000 after buying an additional 40,000 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its holdings in Kohl’s by 1,422.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 239,028 shares of the company’s stock worth $5,495,000 after buying an additional 223,328 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KSS. Evercore ISI reduced their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Morgan Stanley downgraded Kohl’s to an “underweight” rating and decreased their target price for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and dropped their price target for the company from $25.00 to $21.00 in a research report on Friday, August 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a report on Wednesday, August 28th. Finally, Robert W. Baird dropped their price objective on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Two research 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. Based on data from MarketBeat, Kohl’s currently has a consensus rating of “Hold” and a consensus target price of $21.29.

Kohl’s Stock Performance

NYSE:KSS opened at $19.54 on Friday. The business’s fifty day moving average is $19.65 and its 200 day moving average is $22.21. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 1.31 and a beta of 1.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. Kohl’s Co. has a 52-week low of $17.68 and a 52-week high of $29.60.

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

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 10.24%. The ex-dividend date of this dividend was Wednesday, September 11th. Kohl’s’s payout ratio is 80.65%.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.

Kohl’s Company 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.