2 weeks Ago By ABMN Staff
Cerity Partners LLC cut its holdings in Kontoor Brands, Inc. ( NYSE:KTB – Free Report ) by 20.8% during the 4th quarter, according to its most recent disclosure with the SEC.
The institutional investor owned 2,831 shares of the company’s stock after selling 744 shares during the period. Cerity Partners LLC’s holdings in Kontoor Brands were worth $236,000 as of its most recent filing with the SEC. Other hedge funds have also bought and sold shares of the company.
Sanctuary Advisors LLC acquired a new position in shares of Kontoor Brands during the 3rd quarter worth approximately $332,000. Principal Financial Group Inc. boosted its stake in shares of Kontoor Brands by 2.
9% in the fourth quarter. Principal Financial Group Inc. now owns 261,022 shares of the company’s stock valued at $22,294,000 after buying an additional 7,445 shares during the period.
Fortitude Family Office LLC grew its position in Kontoor Brands by 407.3% during the fourth quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock worth $36,000 after buying an additional 334 shares in the last quarter.
Charles Schwab Investment Management Inc. increased its stake in Kontoor Brands by 5.4% during the 4th 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 during the period. Finally, Level Wealth Management LLC acquired a new position in Kontoor Brands in the 4th quarter valued at $350,000.
93.06% of the stock is owned by institutional investors. Wall Street Analyst Weigh In Several research firms have recently issued reports on KTB.
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.
UBS Group reduced their price objective on shares of Kontoor Brands from $108.00 to $96.00 and set a “buy” rating on the stock in a research note on Friday, February 28th.
Barclays dropped their target price on shares of Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th.
Finally, Wells Fargo & Company reduced their price target on shares of Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th.
One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Kontoor Brands currently has an average rating of “Moderate Buy” and a consensus price target of $88.00.
Kontoor Brands Stock Up 3.5 % Shares of NYSE KTB opened at $62.48 on Friday.
The company has a market cap of $3.46 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 2.
12 and a beta of 0.93. The company has a current ratio of 2.
50, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09.
Kontoor Brands, Inc. has a 12 month low of $50.00 and a 12 month high of $96.
80. The stock has a 50-day moving average price of $63.64 and a two-hundred day moving average price of $78.
70. Kontoor Brands ( NYSE:KTB – Get Free Report ) last released its quarterly earnings data on Tuesday, February 25th. The company reported $1.
38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.07.
Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%.
The business had revenue of $699.00 million during the quarter, compared to analysts’ expectations of $698.07 million.
During the same period in the prior year, the company earned $1.28 EPS. The firm’s quarterly revenue was up 4.
4% compared to the same quarter last year. As a group, analysts forecast that Kontoor Brands, Inc. will post 4.
82 earnings per share for the current fiscal year. Kontoor Brands Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.
52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.
33%. The ex-dividend date is Tuesday, June 10th. Kontoor Brands’s dividend payout ratio (DPR) is 47.
60%. About Kontoor Brands ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding KTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kontoor Brands, Inc.
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