Kontoor Brands, Inc. (NYSE:KTB) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. lowered its holdings in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 21.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,146 shares of the company's stock after selling 5,873 shares during the period. Nomura Holdings Inc.'s holdings in Kontoor Brands were worth $1,891,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Kontoor Brands by 2.9% in the 4th 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 last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Kontoor Brands by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 697,326 shares of the company's stock worth $59,559,000 after acquiring an additional 35,932 shares in the last quarter. Level Wealth Management LLC purchased a new position in shares of Kontoor Brands in the fourth quarter worth approximately $350,000. Barclays PLC increased its position 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 acquiring an additional 77,137 shares in the last quarter. Finally, Vest Financial LLC increased its position in shares of Kontoor Brands by 47.7% in the fourth quarter. Vest Financial LLC now owns 28,252 shares of the company's stock worth $2,413,000 after acquiring an additional 9,121 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Wall Street Analyst Weigh In

KTB has been the topic of several analyst reports. UBS Group lifted their target price on shares of Kontoor Brands from $83.00 to $92.00 and gave the stock a "buy" rating in a research 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. Barclays lifted their target price on shares of Kontoor Brands from $69.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, 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 report on Thursday, April 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Kontoor Brands presently has a consensus rating of "Moderate Buy" and an average target price of $85.80.

Kontoor Brands Trading Down 1.2%

Shares of KTB stock opened at $72.72 on Friday. The firm has a market capitalization of $4.04 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. 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 firm's fifty day simple moving average is $62.13 and its 200 day simple moving average is $77.22. 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 announced its quarterly earnings data 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. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The company had revenue of $622.90 million during the quarter, compared to analysts' expectations of $625.44 million. During the same quarter in the prior year, the company posted $1.16 EPS. The business's revenue was down 1.3% on a year-over-year basis. As a group, sell-side analysts predict that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, June 10th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Tuesday, June 10th. Kontoor Brands's dividend payout ratio is 50.98%.

Kontoor Brands 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.

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