Hancock Whitney Corp Boosts Holdings in Kohl’s Co. (NYSE:KSS)

Hancock Whitney Corp grew its position in Kohl’s Co. (NYSE:KSS) by 11.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,324 shares of the company’s stock after acquiring an additional 6,731 shares during the quarter. Hancock Whitney Corp owned about 0.06% of Kohl’s worth $1,502,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in 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 during the period. Norges Bank bought a new stake in shares of Kohl’s in the 4th quarter valued at about $34,583,000. Vision One Management Partners LP acquired a new position in shares of Kohl’s during the fourth quarter worth $28,413,000. SG Americas Securities LLC increased its position in Kohl’s by 518.9% during the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock valued at $19,658,000 after buying an additional 716,919 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Kohl’s by 26.3% in the second quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after buying an additional 643,913 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Up 0.3 %

NYSE KSS opened at $18.68 on Monday. Kohl’s Co. has a 1 year low of $17.68 and a 1 year high of $29.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The company has a market capitalization of $2.08 billion, a PE ratio of 7.53, a P/E/G ratio of 1.32 and a beta of 1.93. The company has a fifty day moving average of $20.07 and a 200 day moving average of $22.85.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data 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 during 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 company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. Research analysts forecast that Kohl’s Co. will post 1.81 earnings per share for the current year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 10.71%. The ex-dividend date of this dividend is Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is 80.65%.

Wall Street Analyst Weigh In

KSS has been the topic of a number of research analyst reports. Morgan Stanley lowered Kohl’s to an “underweight” rating and dropped their price target for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research note on Thursday, August 29th. StockNews.com downgraded shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. 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. Finally, TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and reduced their target price for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Kohl’s has a consensus rating of “Hold” and a consensus target price of $20.67.

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.