EAM Investors LLC purchased a new position in Kontoor Brands, Inc. (NYSE:KTB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 55,061 shares of the company's stock, valued at approximately $4,703,000. EAM Investors LLC owned about 0.10% of Kontoor Brands at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Mendel Money Management lifted its position in shares of Kontoor Brands by 2.8% during the 4th quarter. Mendel Money Management now owns 4,934 shares of the company's stock valued at $421,000 after buying an additional 135 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Kontoor Brands by 3.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,775 shares of the company's stock worth $408,000 after purchasing an additional 141 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Kontoor Brands by 14.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,177 shares of the company's stock valued at $101,000 after purchasing an additional 145 shares during the period. Huntington National Bank lifted its stake in shares of Kontoor Brands by 62.4% during the 4th quarter. Huntington National Bank now owns 385 shares of the company's stock valued at $33,000 after buying an additional 148 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Kontoor Brands by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 882 shares of the company's stock worth $75,000 after buying an additional 182 shares during the period. Institutional investors own 93.06% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on KTB. Wells Fargo & Company decreased their target price on Kontoor Brands from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Barclays cut their target price on shares of Kontoor Brands from $100.00 to $93.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Stifel Nicolaus dropped their price objective on shares of Kontoor Brands from $83.00 to $72.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, UBS Group decreased their target price on Kontoor Brands from $108.00 to $96.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.00.
Read Our Latest Stock Report on Kontoor Brands
Kontoor Brands Trading Up 2.5 %
NYSE KTB traded up $1.38 during trading on Monday, hitting $56.38. The stock had a trading volume of 183,998 shares, compared to its average volume of 535,524. Kontoor Brands, Inc. has a one year low of $50.00 and a one year high of $96.80. The stock has a 50 day simple moving average of $65.49 and a 200 day simple moving average of $79.24. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50.
Kontoor Brands (NYSE:KTB - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.07. The business had revenue of $699.00 million during the quarter, compared to the consensus estimate 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 period last year, the company earned $1.28 earnings per share. Sell-side analysts predict that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.
Kontoor Brands Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a $0.52 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.08 annualized dividend and a dividend yield of 3.69%. Kontoor Brands's payout ratio is currently 47.60%.
About Kontoor Brands
(
Free Report)
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.
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