2 weeks Ago By ABMN Staff
American Century Companies Inc. increased its holdings in shares of Kontoor Brands, Inc. ( NYSE:KTB – Free Report ) by 48.
7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,081 shares of the company’s stock after purchasing an additional 11,810 shares during the period. American Century Companies Inc.
’s holdings in Kontoor Brands were worth $2,387,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors have also recently added to or reduced their stakes in KTB. Choreo LLC acquired a new position in Kontoor Brands in the 2nd quarter worth $803,000.
Quest Partners LLC acquired a new position in Kontoor Brands in the 2nd quarter worth $27,000. Gallacher Capital Management LLC lifted its holdings in Kontoor Brands by 185.6% in the 2nd quarter.
Gallacher Capital Management LLC now owns 14,996 shares of the company’s stock worth $992,000 after buying an additional 9,745 shares in the last quarter. Arizona State Retirement System lifted its holdings in Kontoor Brands by 1.1% in the 2nd quarter.
Arizona State Retirement System now owns 14,050 shares of the company’s stock worth $929,000 after buying an additional 154 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Kontoor Brands by 1.
0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,270,540 shares of the company’s stock worth $84,046,000 after buying an additional 12,019 shares in the last quarter.
93.06% of the stock is owned by hedge funds and other institutional investors. Kontoor Brands Price Performance Shares of NYSE:KTB opened at $82.
13 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.
74 and a debt-to-equity ratio of 2.04. Kontoor Brands, Inc.
has a fifty-two week low of $39.90 and a fifty-two week high of $83.50.
The firm has a 50-day simple moving average of $72.75 and a 200 day simple moving average of $67.44.
The company has a market cap of $4.59 billion, a PE ratio of 20.79, a P/E/G ratio of 2.
02 and a beta of 1.20. Kontoor Brands Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th.
Investors of record on Tuesday, September 10th were given a dividend of $0.50 per share. This represents a $2.
00 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Tuesday, September 10th.
Kontoor Brands’s dividend payout ratio is presently 50.63%. Analyst Ratings Changes A number of brokerages have recently issued reports on KTB.
Stifel Nicolaus upped their target price on shares of Kontoor Brands from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, June 14th.
Barclays upped their target price on shares of Kontoor Brands from $76.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd.
Finally, Guggenheim upped their target price on shares of Kontoor Brands from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 2nd.
One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kontoor Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.
83. View Our Latest Stock Report on KTB Kontoor Brands Profile ( Free Report ) 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. Recommended Stories 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.
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