Quantbot Technologies LP Takes Position in Kontoor Brands, Inc. (NYSE:KTB)

Quantbot Technologies LP bought a new position in Kontoor Brands, Inc. (NYSE:KTB) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,293 shares of the company’s stock, valued at approximately $367,000.

A number of other institutional investors also recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its stake in shares of Kontoor Brands by 3.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,775 shares of the company’s stock worth $408,000 after buying an additional 141 shares during the period. GAMMA Investing LLC increased its holdings in Kontoor Brands by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 882 shares of the company’s stock worth $75,000 after acquiring an additional 182 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Kontoor Brands by 7.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,956 shares of the company’s stock worth $252,000 after acquiring an additional 197 shares during the period. UMB Bank n.a. lifted its holdings in Kontoor Brands by 0.4% during the fourth quarter. UMB Bank n.a. now owns 51,305 shares of the company’s stock valued at $4,382,000 after purchasing an additional 210 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Kontoor Brands by 3.8% in the fourth quarter. HighTower Advisors LLC now owns 6,328 shares of the company’s stock worth $540,000 after purchasing an additional 231 shares during the period. 93.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KTB has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price objective 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. UBS Group lowered their price objective on Kontoor Brands from $108.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Barclays dropped their price objective on Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Kontoor Brands presently has an average rating of “Moderate Buy” and an average price target of $91.50.

Kontoor Brands Stock Down 2.5 %

KTB opened at $63.78 on Friday. The company has a market capitalization of $3.53 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23. The firm has a 50-day simple moving average of $76.20 and a two-hundred day simple moving average of $81.60. 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 52 week low of $52.95 and a 52 week high of $96.80.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. The company had revenue of $699.00 million during the quarter, compared to analyst estimates of $698.07 million. During the same period in the prior year, the company earned $1.28 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Analysts forecast that Kontoor Brands, Inc. will post 4.82 earnings per share 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 issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, March 10th. 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.