Teza Capital Management LLC Has $886,000 Position in Kontoor Brands, Inc. (NYSE:KTB)

Teza Capital Management LLC increased its stake in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 68.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,379 shares of the company's stock after purchasing an additional 4,216 shares during the quarter. Teza Capital Management LLC's holdings in Kontoor Brands were worth $886,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. HHM Wealth Advisors LLC purchased a new stake in Kontoor Brands in the fourth quarter worth $29,000. Huntington National Bank grew its position 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 buying an additional 148 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Kontoor Brands by 229.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 722 shares of the company's stock worth $62,000 after buying an additional 503 shares in the last quarter. Quarry LP grew its position in shares of Kontoor Brands by 161.3% during the 4th quarter. Quarry LP now owns 729 shares of the company's stock worth $62,000 after buying an additional 450 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Kontoor Brands during the 4th quarter worth $98,000. Institutional investors own 93.06% of the company's stock.

Kontoor Brands Trading Down 1.9%

Shares of NYSE KTB traded down $1.36 during trading on Friday, reaching $69.66. The stock had a trading volume of 514,104 shares, compared to its average volume of 551,944. Kontoor Brands, Inc. has a fifty-two week low of $50.00 and a fifty-two week high of $96.80. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50. The business's 50-day moving average price is $63.13 and its 200-day moving average price is $76.78. The company has a market cap of $3.87 billion, a P/E ratio of 15.69, a PEG ratio of 2.12 and a beta of 1.05.

Kontoor Brands (NYSE:KTB - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $1.20 EPS for the quarter, topping the consensus estimate 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 return on equity of 73.99% and a net margin of 9.72%. Kontoor Brands's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. On average, equities research analysts predict that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.99%. The ex-dividend date is Tuesday, June 10th. Kontoor Brands's dividend payout ratio is presently 50.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KTB shares. Stifel Nicolaus dropped their price target on Kontoor Brands from $83.00 to $72.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company increased their price target on Kontoor Brands from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. UBS Group raised their price objective on Kontoor Brands from $83.00 to $92.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, Barclays raised their target price on Kontoor Brands from $75.00 to $86.00 and gave the stock an "overweight" rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Kontoor Brands presently has an average rating of "Moderate Buy" and an average price target of $88.00.

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.