WINTON GROUP Ltd Has $1.31 Million Stake in Kontoor Brands, Inc. (NYSE:KTB)

WINTON GROUP Ltd lowered its holdings in Kontoor Brands, Inc. (NYSE:KTB) by 3.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,304 shares of the company’s stock after selling 531 shares during the period. WINTON GROUP Ltd’s holdings in Kontoor Brands were worth $1,307,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Mendel Money Management lifted its position in Kontoor Brands by 2.8% during the 4th quarter. Mendel Money Management now owns 4,934 shares of the company’s stock worth $421,000 after buying an additional 135 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Kontoor Brands in the fourth quarter worth about $224,000. LPL Financial LLC lifted its position in shares of Kontoor Brands by 35.7% during the fourth quarter. LPL Financial LLC now owns 34,529 shares of the company’s stock worth $2,949,000 after purchasing an additional 9,076 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Kontoor Brands during the fourth quarter valued at approximately $1,187,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Kontoor Brands in the fourth quarter valued at approximately $4,774,000. Institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group reduced their price objective on Kontoor Brands from $108.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Barclays cut their price target on 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, Wells Fargo & Company lowered their price objective on Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Kontoor Brands Stock Up 1.6 %

NYSE:KTB opened at $65.42 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. Kontoor Brands, Inc. has a 12-month low of $52.95 and a 12-month high of $96.80. The stock’s fifty day simple moving average is $76.64 and its 200-day simple moving average is $81.66. The firm has a market capitalization of $3.62 billion, a P/E ratio of 14.73, a P/E/G ratio of 2.12 and a beta of 1.23.

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

Kontoor Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.18%. The ex-dividend date was Monday, March 10th. Kontoor Brands’s payout ratio is presently 47.60%.

About Kontoor Brands

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.