US Bancorp DE trimmed its stake in Kontoor Brands, Inc. (NYSE:KTB – Free Report) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,442 shares of the company’s stock after selling 243 shares during the quarter. US Bancorp DE’s holdings in Kontoor Brands were worth $209,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in Kontoor Brands in the third quarter worth $332,000. Janus Henderson Group PLC grew its holdings in Kontoor Brands by 31.4% in the third quarter. Janus Henderson Group PLC now owns 47,474 shares of the company’s stock worth $3,883,000 after purchasing an additional 11,337 shares during the period. Fortitude Family Office LLC grew 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 during the period. Principal Financial Group Inc. grew its holdings in Kontoor Brands by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 261,022 shares of the company’s stock worth $22,294,000 after purchasing an additional 7,445 shares during the period. Finally, Natixis Advisors LLC grew 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 during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.
Kontoor Brands Stock Up 4.5 %
Kontoor Brands stock opened at $62.21 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09. The firm’s fifty day moving average price is $80.66 and its two-hundred day moving average price is $82.33. Kontoor Brands, Inc. has a 1-year low of $52.95 and a 1-year high of $96.80. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23.
Kontoor Brands Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, March 10th. Kontoor Brands’s payout ratio is currently 47.60%.
Analysts Set New Price Targets
A number of equities research analysts have commented on KTB shares. Wells Fargo & Company reduced 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. 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 research note on Wednesday, February 26th. Finally, UBS Group dropped their price objective on shares of Kontoor Brands from $108.00 to $96.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.50.
Get Our Latest Analysis on KTB
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.
See Also
- Five stocks we like better than Kontoor Brands
- High Flyers: 3 Natural Gas Stocks for March 2022
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- What Investors Need to Know to Beat the Market
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Earnings Per Share Calculator: How to Calculate EPS
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding KTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kontoor Brands, Inc. (NYSE:KTB – Free Report).
Receive News & Ratings for Kontoor Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kontoor Brands and related companies with MarketBeat.com's FREE daily email newsletter.