Schroder Investment Management Group Takes Position in Kontoor Brands, Inc. (NYSE:KTB)

Schroder Investment Management Group purchased a new position in Kontoor Brands, Inc. (NYSE:KTB) during the fourth quarter, Holdings Channel.com reports. The firm purchased 88,157 shares of the company’s stock, valued at approximately $7,512,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. HHM Wealth Advisors LLC acquired a new position in shares of Kontoor Brands in the fourth quarter worth about $29,000. Fortitude Family Office LLC boosted its stake in Kontoor Brands by 407.3% in the 4th quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock worth $36,000 after purchasing an additional 334 shares during the period. EverSource Wealth Advisors LLC grew its position in Kontoor Brands by 229.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 722 shares of the company’s stock worth $62,000 after purchasing an additional 503 shares in the last quarter. GAMMA Investing LLC raised its stake in Kontoor Brands by 26.0% during the 4th quarter. GAMMA Investing LLC now owns 882 shares of the company’s stock valued at $75,000 after purchasing an additional 182 shares during the period. Finally, Tompkins Financial Corp purchased a new stake in shares of Kontoor Brands in the fourth quarter valued at $98,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KTB shares. UBS Group lowered their price target on Kontoor Brands from $108.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Barclays dropped their target price on Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price target on shares of Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating for the company in a 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Kontoor Brands Stock Down 0.3 %

KTB opened at $57.72 on Friday. The company has a market capitalization of $3.19 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The business has a 50-day moving average of $73.49 and a 200-day moving average of $81.21. Kontoor Brands, Inc. has a fifty-two week low of $52.95 and a fifty-two week high of $96.80. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.50 and a quick ratio of 1.42.

Kontoor Brands (NYSE:KTB) last posted its earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share (EPS) 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 firm had revenue of $699.00 million during the quarter, compared to analysts’ expectations of $698.07 million. During the same period in the previous year, the company earned $1.28 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast 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. Shareholders 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 3.60%. The ex-dividend date of this dividend was Monday, March 10th. Kontoor Brands’s payout ratio is 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.