Dimensional Fund Advisors LP Raises Holdings in Kontoor Brands, Inc. (NYSE:KTB)

Dimensional Fund Advisors LP increased its stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 0.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,267,431 shares of the company's stock after buying an additional 5,207 shares during the period. Dimensional Fund Advisors LP owned 2.30% of Kontoor Brands worth $108,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KTB. Marshall Wace LLP lifted its holdings in shares of Kontoor Brands by 97.3% during the fourth quarter. Marshall Wace LLP now owns 579,844 shares of the company's stock valued at $49,524,000 after purchasing an additional 285,897 shares in the last quarter. Norges Bank bought a new stake in Kontoor Brands during the 4th quarter worth approximately $17,630,000. Geode Capital Management LLC lifted its stake in shares of Kontoor Brands by 16.6% during the 4th quarter. Geode Capital Management LLC now owns 1,402,701 shares of the company's stock valued at $119,827,000 after buying an additional 199,601 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Kontoor Brands by 28.4% in the fourth quarter. JPMorgan Chase & Co. now owns 849,712 shares of the company's stock valued at $72,574,000 after acquiring an additional 188,001 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Kontoor Brands by 15.5% in the 4th quarter. First Trust Advisors LP now owns 1,043,684 shares of the company's stock worth $89,141,000 after purchasing an additional 140,068 shares during the period. 93.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KTB has been the topic of several research reports. Stifel Nicolaus reduced their target price on Kontoor Brands from $83.00 to $72.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company cut their price target on shares of Kontoor Brands from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Wednesday. UBS Group cut their price target on shares of Kontoor Brands from $108.00 to $96.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Barclays reduced their price objective on 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 given a buy rating to the stock. Based on data from MarketBeat, Kontoor Brands presently has an average rating of "Moderate Buy" and a consensus price target of $83.17.

Kontoor Brands Stock Up 3.7 %

KTB stock traded up $2.21 on Friday, hitting $62.52. 129,595 shares of the company's stock were exchanged, compared to its average volume of 535,484. The firm has a 50 day moving average price of $60.93 and a two-hundred day moving average price of $78.01. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50. Kontoor Brands, Inc. has a 12-month low of $50.00 and a 12-month high of $96.80. The stock has a market cap of $3.46 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93.

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

Kontoor Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, June 10th will be issued a $0.52 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $2.08 annualized dividend and a yield of 3.33%. Kontoor Brands's dividend payout ratio (DPR) is presently 47.60%.

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.