Tudor Investment Corp ET AL Invests $3.40 Million in Kontoor Brands, Inc. (NYSE:KTB)

Tudor Investment Corp ET AL purchased a new position in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,823 shares of the company's stock, valued at approximately $3,401,000. Tudor Investment Corp ET AL owned 0.07% of Kontoor Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in KTB. HHM Wealth Advisors LLC bought a new stake in shares of Kontoor Brands during the 4th quarter worth about $29,000. Huntington National Bank lifted its stake in shares of Kontoor Brands by 62.4% in the fourth quarter. Huntington National Bank now owns 385 shares of the company's stock worth $33,000 after buying an additional 148 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Kontoor Brands by 407.3% during the 4th quarter. Fortitude Family Office LLC now owns 416 shares of the company's stock worth $36,000 after buying an additional 334 shares during the period. EverSource Wealth Advisors LLC grew 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 during the last quarter. Finally, Quarry LP lifted its position in Kontoor Brands by 161.3% during the 4th quarter. Quarry LP now owns 729 shares of the company's stock worth $62,000 after acquiring an additional 450 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Kontoor Brands Trading Up 2.2 %

Shares of Kontoor Brands stock traded up $1.42 during trading on Tuesday, reaching $64.87. 1,087,903 shares of the company were exchanged, compared to its average volume of 533,696. The business has a 50-day moving average price of $60.63 and a 200-day moving average price of $77.67. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 2.12 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. Kontoor Brands, Inc. has a twelve month low of $50.00 and a twelve month high of $96.80.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. The company had revenue of $622.90 million during the quarter, compared to analysts' expectations of $625.44 million. During the same period in the prior year, the business posted $1.16 EPS. Kontoor Brands's revenue was down 1.3% on a year-over-year basis. Sell-side analysts anticipate that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, June 10th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, June 10th. Kontoor Brands's dividend payout ratio (DPR) is 47.60%.

Wall Street Analysts Forecast Growth

KTB has been the topic of several research reports. Stifel Nicolaus lowered their price target on Kontoor Brands from $83.00 to $72.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company lowered their price objective on Kontoor Brands from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Barclays reduced their target price on Kontoor Brands from $93.00 to $69.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, UBS Group lowered 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.40.

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.