Amundi Buys 960 Shares of Kontoor Brands, Inc. (NYSE:KTB)

Amundi lifted its holdings in shares of Kontoor Brands, Inc. (NYSE:KTB) by 33.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,869 shares of the company’s stock after acquiring an additional 960 shares during the quarter. Amundi’s holdings in Kontoor Brands were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in shares of Kontoor Brands during the third quarter valued at approximately $332,000. Janus Henderson Group PLC raised its holdings in shares of Kontoor Brands by 31.4% during the third quarter. Janus Henderson Group PLC now owns 47,474 shares of the company’s stock valued at $3,883,000 after acquiring an additional 11,337 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Kontoor Brands by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 261,022 shares of the company’s stock valued at $22,294,000 after acquiring an additional 7,445 shares in the last quarter. Fortitude Family Office LLC raised its holdings in Kontoor Brands by 407.3% in the fourth quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock worth $36,000 after purchasing an additional 334 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in Kontoor Brands by 6.7% in the third quarter. Natixis Advisors LLC now owns 17,383 shares of the company’s stock worth $1,422,000 after purchasing an additional 1,087 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Trading Up 1.2 %

NYSE KTB opened at $63.68 on Friday. Kontoor Brands, Inc. has a 12 month low of $52.95 and a 12 month high of $96.80. The stock has a market cap of $3.52 billion, a P/E ratio of 14.34, a P/E/G ratio of 2.12 and a beta of 1.23. The stock’s fifty day moving average price is $78.25 and its 200-day moving average price is $81.88. 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 (NYSE:KTB) last released its quarterly earnings data on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $698.07 million. During the same period last year, the firm posted $1.28 earnings per share. Kontoor Brands’s revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Monday, March 10th. Kontoor Brands’s dividend payout ratio is 47.60%.

Analyst Ratings Changes

A number of research firms have issued reports on KTB. Wells Fargo & Company decreased their price objective on Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Barclays decreased their price objective on Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, UBS Group decreased their price objective on Kontoor Brands from $108.00 to $96.00 and set a “buy” rating for the company in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.