4,293 Shares in Kontoor Brands, Inc. (NYSE:KTB) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Kontoor Brands, Inc. (NYSE:KTB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,293 shares of the company’s stock, valued at approximately $367,000.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Kontoor Brands by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 661,394 shares of the company’s stock worth $54,089,000 after purchasing an additional 17,974 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Kontoor Brands by 76.5% in the third quarter. Citigroup Inc. now owns 70,738 shares of the company’s stock worth $5,785,000 after buying an additional 30,650 shares during the period. Bridgewater Associates LP lifted its stake in shares of Kontoor Brands by 20.0% during the 3rd quarter. Bridgewater Associates LP now owns 38,981 shares of the company’s stock worth $3,188,000 after acquiring an additional 6,497 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kontoor Brands by 2.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 118,225 shares of the company’s stock valued at $9,668,000 after acquiring an additional 3,044 shares during the period. Finally, Walleye Capital LLC bought a new position in Kontoor Brands in the 3rd quarter valued at $8,479,000. 93.06% of the stock is owned by institutional investors.

Kontoor Brands Stock Performance

Shares of KTB stock opened at $63.78 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.12 and a beta of 1.23. The company’s 50 day moving average is $76.20 and its 200 day moving average is $81.60. Kontoor Brands, Inc. has a 52-week low of $52.95 and a 52-week high of $96.80.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $698.07 million. During the same period last year, the business earned $1.28 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Monday, March 10th. Kontoor Brands’s dividend payout ratio is currently 47.60%.

Wall Street Analysts Forecast Growth

KTB has been the subject of a number of recent analyst reports. Barclays lowered 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 note on Wednesday, February 26th. Wells Fargo & Company lowered their price objective on shares of Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Finally, UBS Group reduced their target price on shares of Kontoor Brands from $108.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.50.

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.