Fuller & Thaler Asset Management Inc. Increases Holdings in Kontoor Brands, Inc. (NYSE:KTB)

Fuller & Thaler Asset Management Inc. increased its holdings in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,037,453 shares of the company's stock after acquiring an additional 40,736 shares during the period. Fuller & Thaler Asset Management Inc. owned about 1.88% of Kontoor Brands worth $88,609,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KTB. Barclays PLC grew its holdings in shares of Kontoor Brands by 316.3% in 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 last quarter. Sanctuary Advisors LLC bought a new position in Kontoor Brands in the 3rd quarter worth about $332,000. Synovus Financial Corp purchased a new position in shares of Kontoor Brands during the third quarter worth approximately $220,000. GAMMA Investing LLC raised its stake in shares of Kontoor Brands by 26.0% during the fourth quarter. GAMMA Investing LLC now owns 882 shares of the company's stock valued at $75,000 after acquiring an additional 182 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in shares of Kontoor Brands by 407.3% in the fourth quarter. Fortitude Family Office LLC now owns 416 shares of the company's stock valued at $36,000 after purchasing an additional 334 shares during the period. Hedge funds and other institutional investors own 93.06% of the company's stock.

Kontoor Brands Stock Down 2.2 %

Kontoor Brands stock traded down $1.33 during trading hours on Monday, reaching $60.14. The stock had a trading volume of 131,848 shares, compared to its average volume of 536,548. Kontoor Brands, Inc. has a 52 week low of $50.00 and a 52 week high of $96.80. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.50 and a quick ratio of 1.42. The business's 50 day moving average price is $63.16 and its 200-day moving average price is $78.56.

Kontoor Brands (NYSE:KTB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.31 by $0.07. The firm had revenue of $699.00 million during the quarter, compared to analyst estimates of $698.07 million. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. Kontoor Brands's revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 EPS. Sell-side analysts anticipate that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.08 annualized dividend and a yield of 3.46%. Kontoor Brands's dividend payout ratio (DPR) is 47.60%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KTB. UBS Group decreased their target price on Kontoor Brands from $108.00 to $96.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Stifel Nicolaus decreased their price objective on Kontoor Brands from $83.00 to $72.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company dropped their target price on shares of Kontoor Brands from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Barclays cut their price objective on shares of Kontoor Brands from $93.00 to $69.00 and set an "overweight" rating on the stock in a report on Monday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $84.00.

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.