US Bancorp DE Has $209,000 Stock Holdings in Kontoor Brands, Inc. (NYSE:KTB)

US Bancorp DE trimmed its stake in Kontoor Brands, Inc. (NYSE:KTB) 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 (NYSE:KTB) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The company had revenue of $699.00 million for the quarter, compared to analyst estimates of $698.07 million. During the same period last year, the firm earned $1.28 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

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.

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.