Deutsche Bank AG Buys 16,148 Shares of Kontoor Brands, Inc. (NYSE:KTB)

Deutsche Bank AG increased its stake in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 45.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,419 shares of the company's stock after purchasing an additional 16,148 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Kontoor Brands worth $4,392,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Kontoor Brands by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 261,022 shares of the company's stock worth $22,294,000 after purchasing an additional 7,445 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kontoor Brands by 5.4% during the fourth 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 during the period. Level Wealth Management LLC acquired a new stake in shares of Kontoor Brands during the fourth quarter worth approximately $350,000. Barclays PLC boosted its holdings in shares of Kontoor Brands by 316.3% during the third quarter. Barclays PLC now owns 101,522 shares of the company's stock worth $8,303,000 after purchasing an additional 77,137 shares during the period. Finally, Vest Financial LLC boosted its holdings in shares of Kontoor Brands by 47.7% during the fourth quarter. Vest Financial LLC now owns 28,252 shares of the company's stock worth $2,413,000 after purchasing an additional 9,121 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KTB. Stifel Nicolaus decreased their price target 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. UBS Group raised their price target on shares of Kontoor Brands from $83.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Wells Fargo & Company raised their price target on shares of Kontoor Brands from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Finally, Barclays lifted their target price on shares of Kontoor Brands from $75.00 to $86.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $88.00.

Kontoor Brands Stock Down 1.9%

NYSE KTB traded down $1.36 during trading on Friday, reaching $69.66. The company's stock had a trading volume of 514,104 shares, compared to its average volume of 551,944. The company has a current ratio of 2.50, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $3.87 billion, a PE ratio of 15.69, a PEG ratio of 2.12 and a beta of 1.05. The business has a 50-day moving average price of $63.13 and a 200-day moving average price of $76.69. Kontoor Brands, Inc. has a 1-year low of $50.00 and a 1-year high of $96.80.

Kontoor Brands (NYSE:KTB - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. The firm had revenue of $622.90 million during the quarter, compared to analysts' expectations of $625.44 million. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The company's revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 earnings per share. On average, research analysts forecast that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, June 10th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Tuesday, June 10th. Kontoor Brands's dividend payout ratio is 50.98%.

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.