Schroder Investment Management Group Makes New Investment in Kontoor Brands, Inc. (NYSE:KTB)

Schroder Investment Management Group purchased a new stake in Kontoor Brands, Inc. (NYSE:KTB) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 88,157 shares of the company’s stock, valued at approximately $7,512,000. Schroder Investment Management Group owned about 0.16% of Kontoor Brands at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Kontoor Brands by 2.6% during the third 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 purchasing an additional 3,044 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Kontoor Brands by 35.6% during the 3rd quarter. HighTower Advisors LLC now owns 6,097 shares of the company’s stock valued at $497,000 after buying an additional 1,602 shares during the last quarter. Janus Henderson Group PLC raised its stake in Kontoor Brands by 31.4% during the third quarter. Janus Henderson Group PLC now owns 47,474 shares of the company’s stock worth $3,883,000 after acquiring an additional 11,337 shares during the period. State Street Corp lifted its holdings in Kontoor Brands by 1.2% in the third quarter. State Street Corp now owns 2,205,592 shares of the company’s stock worth $180,373,000 after acquiring an additional 26,759 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in Kontoor Brands by 156.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 12,652 shares of the company’s stock valued at $1,035,000 after acquiring an additional 7,715 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Kontoor Brands Price Performance

Shares of KTB opened at $57.72 on Friday. Kontoor Brands, Inc. has a one year low of $52.95 and a one year high of $96.80. The stock’s fifty day moving average is $73.49 and its 200-day moving average is $81.21. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.07. The company had revenue of $699.00 million for the quarter, compared to the consensus estimate of $698.07 million. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. Kontoor Brands’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. Equities analysts anticipate that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Monday, March 10th. Kontoor Brands’s dividend payout ratio (DPR) is presently 47.60%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KTB. Wells Fargo & Company dropped their price target on 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 cut their target price on Kontoor Brands from $108.00 to $96.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Barclays dropped their price objective on shares of Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Kontoor Brands has a consensus rating of “Moderate Buy” and an average price target of $91.50.

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.