2 weeks Ago By ABMN Staff
Intech Investment Management LLC bought a new stake in shares of Kontoor Brands, Inc. ( NYSE:KTB – Free Report ) in the 2nd quarter, HoldingsChannel reports. The firm bought 4,047 shares of the company’s stock, valued at approximately $268,000.
Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in Kontoor Brands by 1.
0% during the second quarter. Victory Capital Management Inc. now owns 1,270,540 shares of the company’s stock valued at $84,046,000 after purchasing an additional 12,019 shares in the last quarter.
Dimensional Fund Advisors LP raised its holdings in shares of Kontoor Brands by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,250,293 shares of the company’s stock valued at $82,707,000 after buying an additional 60,926 shares in the last quarter.
Bank of New York Mellon Corp lifted its position in Kontoor Brands by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 712,579 shares of the company’s stock worth $47,137,000 after buying an additional 7,526 shares during the last quarter.
Norges Bank purchased a new stake in Kontoor Brands in the fourth quarter worth approximately $23,695,000. Finally, Principal Financial Group Inc. grew its position in Kontoor Brands by 2.
6% during the first quarter. Principal Financial Group Inc. now owns 278,641 shares of the company’s stock valued at $16,788,000 after acquiring an additional 6,949 shares during the last quarter.
Institutional investors own 93.06% of the company’s stock. Analysts Set New Price Targets A number of equities research analysts have recently weighed in on KTB shares.
Barclays boosted their price objective on shares of Kontoor Brands from $76.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd.
Guggenheim upped their price target on shares of Kontoor Brands from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, August 2nd.
Finally, Stifel Nicolaus lifted their price objective on Kontoor Brands from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, June 14th.
One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.83.
Kontoor Brands Trading Up 1.0 % Shares of KTB opened at $82.13 on Friday.
The stock has a market capitalization of $4.59 billion, a P/E ratio of 20.79, a PEG ratio of 2.
02 and a beta of 1.20. Kontoor Brands, Inc.
has a twelve month low of $39.90 and a twelve month high of $83.50.
The company has a quick ratio of 1.43, a current ratio of 2.74 and a debt-to-equity ratio of 2.
04. The firm has a fifty day simple moving average of $72.75 and a two-hundred day simple moving average of $67.
44. Kontoor Brands ( NYSE:KTB – Get Free Report ) last posted its earnings results on Thursday, August 1st. The company reported $0.
98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.10.
The company had revenue of $607.00 million for the quarter, compared to analysts’ expectations of $592.97 million.
Kontoor Brands had a return on equity of 72.43% and a net margin of 9.35%.
Kontoor Brands’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.
77 earnings per share. On average, research analysts anticipate that Kontoor Brands, Inc. will post 4.
8 EPS for the current year. Kontoor Brands Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, September 10th were issued a dividend of $0.
50 per share. The ex-dividend date was Tuesday, September 10th. This represents a $2.
00 dividend on an annualized basis and a dividend yield of 2.44%. Kontoor Brands’s dividend payout ratio is presently 50.
63%. Kontoor Brands Company 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. See Also 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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