James Investment Research Inc. Has $1.11 Million Stake in Kontoor Brands, Inc. (NYSE:KTB)

James Investment Research Inc. lessened its position in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 37.7% during the 1st quarter, according to its most recent 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.

Other institutional investors also recently modified their holdings of the company. Huntington National Bank grew its holdings in shares of Kontoor Brands by 62.4% during the 4th quarter. Huntington National Bank now owns 385 shares of the company's stock worth $33,000 after purchasing an additional 148 shares in the last quarter. CX Institutional acquired a new stake in Kontoor Brands in the 1st quarter valued at $32,000. Versant Capital Management Inc boosted its stake in Kontoor Brands by 46.7% in the 1st quarter. Versant Capital Management Inc now owns 650 shares of the company's stock valued at $42,000 after buying an additional 207 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Kontoor Brands by 229.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 722 shares of the company's stock valued at $62,000 after buying an additional 503 shares in the last quarter. Finally, Quarry LP boosted its stake in Kontoor Brands by 161.3% in the 4th quarter. Quarry LP now owns 729 shares of the company's stock valued at $62,000 after buying an additional 450 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. The Goldman Sachs Group set a $85.00 price target on Kontoor Brands and gave the company a "buy" rating in a research note on Tuesday, June 10th. UBS Group lifted their price objective on Kontoor Brands from $83.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Stifel Nicolaus cut their price objective on Kontoor Brands from $83.00 to $72.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company lifted their price objective on Kontoor Brands from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Finally, Barclays lifted their price objective on Kontoor Brands from $75.00 to $86.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of $87.50.

Kontoor Brands Trading Down 1.2%

Shares of KTB stock traded down $0.75 on Friday, reaching $64.15. 543,138 shares of the stock were exchanged, compared to its average volume of 578,008. The stock has a market cap of $3.56 billion, a PE ratio of 12.99, a P/E/G ratio of 1.47 and a beta of 1.12. Kontoor Brands, Inc. has a one year low of $50.00 and a one year high of $96.80. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.78 and a quick ratio of 1.65. The stock has a 50 day moving average price of $68.28 and a 200 day moving average price of $70.78.

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 analysts' consensus estimates of $1.16 by $0.04. The company had revenue of $622.90 million during the quarter, compared to the consensus estimate of $625.44 million. Kontoor Brands had a return on equity of 71.33% and a net margin of 8.82%. The firm's quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 earnings per share. Equities research analysts forecast that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

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