Kontoor Brands, Inc. (NYSE:KTB) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in Kontoor Brands, Inc. (NYSE:KTB) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,640 shares of the company’s stock after acquiring an additional 257 shares during the period. Natixis Advisors LLC’s holdings in Kontoor Brands were worth $1,507,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KTB. Sanctuary Advisors LLC acquired a new position in shares of Kontoor Brands in the 3rd quarter valued at $332,000. Janus Henderson Group PLC grew its position in 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 during the period. Principal Financial Group Inc. increased its stake in Kontoor Brands by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 261,022 shares of the company’s stock worth $22,294,000 after acquiring an additional 7,445 shares during the last quarter. Fortitude Family Office LLC raised its holdings in shares of 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. Finally, Level Wealth Management LLC acquired a new position in shares of Kontoor Brands in the 4th quarter valued at about $350,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Kontoor Brands Stock Performance

Kontoor Brands stock opened at $64.93 on Tuesday. Kontoor Brands, Inc. has a 12-month low of $52.95 and a 12-month 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. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23. The firm’s fifty day moving average price is $77.86 and its 200 day moving average price is $81.95.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, topping 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 business had revenue of $699.00 million for the quarter, compared to analysts’ expectations of $698.07 million. During the same quarter in the previous year, the firm posted $1.28 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts forecast that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.52 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.20%. Kontoor Brands’s dividend payout ratio (DPR) is presently 47.60%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. 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 report on Friday, February 28th. Finally, Barclays lowered their price target on Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently 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.