Kontoor Brands, Inc. (NYSE:KTB) Stock Position Decreased by James Investment Research Inc.

James Investment Research Inc. decreased its holdings in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 37.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,318 shares of the company's stock after selling 10,463 shares during the quarter. James Investment Research Inc.'s holdings in Kontoor Brands were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC increased its stake in Kontoor Brands by 16.6% during the 4th quarter. Geode Capital Management LLC now owns 1,402,701 shares of the company's stock worth $119,827,000 after buying an additional 199,601 shares during the period. Ameriprise Financial Inc. increased its stake in Kontoor Brands by 11.8% during the 4th quarter. Ameriprise Financial Inc. now owns 1,355,286 shares of the company's stock worth $115,755,000 after buying an additional 142,956 shares during the period. Dimensional Fund Advisors LP increased its stake in Kontoor Brands by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,267,431 shares of the company's stock worth $108,252,000 after buying an additional 5,207 shares during the period. Northern Trust Corp increased its stake in Kontoor Brands by 9.8% during the 4th quarter. Northern Trust Corp now owns 1,123,677 shares of the company's stock worth $95,973,000 after buying an additional 100,397 shares during the period. Finally, First Trust Advisors LP increased its stake in Kontoor Brands by 15.5% during the 4th quarter. First Trust Advisors LP now owns 1,043,684 shares of the company's stock worth $89,141,000 after buying an additional 140,068 shares during the period. Institutional investors and hedge funds own 93.06% of the company's stock.

Kontoor Brands Stock Down 1.0%

Shares of KTB traded down $0.63 during midday trading on Friday, hitting $64.27. The company had a trading volume of 106,613 shares, compared to its average volume of 574,537. The company's 50 day moving average price is $68.37 and its 200 day moving average price is $70.92. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.55 and a beta of 1.12. Kontoor Brands, Inc. has a 52 week low of $50.00 and a 52 week high of $96.80. The company has a quick ratio of 1.65, a current ratio of 2.78 and a debt-to-equity ratio of 1.72.

Kontoor Brands (NYSE:KTB - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.04. Kontoor Brands had a net margin of 8.82% and a return on equity of 71.33%. The company had revenue of $622.90 million during the quarter, compared to the consensus estimate of $625.44 million. During the same quarter in the previous year, the firm earned $1.16 EPS. The company's revenue was down 1.3% on a year-over-year basis. On average, equities research analysts predict that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, June 10th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Tuesday, June 10th. Kontoor Brands's dividend payout ratio is presently 50.98%.

Analysts Set New Price Targets

Several research firms recently issued reports on KTB. The Goldman Sachs Group set a $85.00 price target on shares of Kontoor Brands and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Stifel Nicolaus dropped their price target on shares of Kontoor Brands from $83.00 to $72.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. UBS Group lifted their price target on shares of Kontoor Brands from $83.00 to $92.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Wells Fargo & Company lifted their price target on shares of Kontoor Brands from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Finally, Barclays boosted their target price on shares of Kontoor Brands from $75.00 to $86.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $87.50.

About Kontoor Brands

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.