Capital Fund Management S.A. Has $4.27 Million Stake in Kontoor Brands, Inc. (NYSE:KTB)

Capital Fund Management S.A. decreased its holdings in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 30.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,970 shares of the company's stock after selling 22,285 shares during the quarter. Capital Fund Management S.A. owned 0.09% of Kontoor Brands worth $4,268,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KTB. Sanctuary Advisors LLC acquired a new stake in shares of Kontoor Brands in the third quarter valued at approximately $332,000. Principal Financial Group Inc. raised its holdings in Kontoor Brands by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 261,022 shares of the company's stock valued at $22,294,000 after acquiring an additional 7,445 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of Kontoor Brands by 407.3% during the 4th quarter. Fortitude Family Office LLC now owns 416 shares of the company's stock valued at $36,000 after acquiring an additional 334 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Kontoor Brands by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 697,326 shares of the company's stock worth $59,559,000 after purchasing an additional 35,932 shares in the last quarter. Finally, Level Wealth Management LLC bought a new position in shares of Kontoor Brands in the fourth quarter worth $350,000. Institutional investors own 93.06% of the company's stock.

Analyst Ratings Changes

KTB has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Kontoor Brands from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Barclays cut their price target on shares of Kontoor Brands from $100.00 to $93.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. UBS Group reduced their price target on shares of Kontoor Brands from $108.00 to $96.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, Stifel Nicolaus lowered their price objective on shares of Kontoor Brands from $83.00 to $72.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Kontoor Brands currently has an average rating of "Moderate Buy" and an average target price of $88.00.

Kontoor Brands Price Performance

Shares of KTB stock traded up $1.34 on Friday, reaching $54.99. The company had a trading volume of 505,736 shares, compared to its average volume of 536,626. The business's 50-day moving average is $65.49 and its 200 day moving average is $79.24. Kontoor Brands, Inc. has a one year low of $50.00 and a one year high of $96.80. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $3.04 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93.

Kontoor Brands (NYSE:KTB - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.07. The business had revenue of $699.00 million during the quarter, compared to analysts' expectations of $698.07 million. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 EPS. Equities research analysts forecast that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a dividend of $0.52 per share. The ex-dividend date was Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.78%. Kontoor Brands's dividend payout ratio (DPR) is presently 47.60%.

Kontoor Brands Company Profile

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.