Kontoor Brands, Inc. (NYSE:KTB) Shares Acquired by James Investment Research Inc.

James Investment Research Inc. boosted its stake in Kontoor Brands, Inc. (NYSE:KTB) by 12.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 27,781 shares of the company’s stock after buying an additional 3,135 shares during the quarter. James Investment Research Inc.’s holdings in Kontoor Brands were worth $2,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Allworth Financial LP increased its stake in Kontoor Brands by 825.6% in the fourth quarter. Allworth Financial LP now owns 2,851 shares of the company’s stock valued at $253,000 after purchasing an additional 2,543 shares during the period. New York State Teachers Retirement System grew its position in Kontoor Brands by 6.5% during the fourth quarter. New York State Teachers Retirement System now owns 76,066 shares of the company’s stock worth $6,497,000 after buying an additional 4,613 shares during the period. Vest Financial LLC grew its position in Kontoor Brands by 47.7% during the fourth quarter. Vest Financial LLC now owns 28,252 shares of the company’s stock worth $2,413,000 after buying an additional 9,121 shares during the period. Tectonic Advisors LLC acquired a new position in Kontoor Brands during the fourth quarter worth about $497,000. Finally, Hodges Capital Management Inc. acquired a new position in Kontoor Brands during the fourth quarter worth about $3,246,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Kontoor Brands Trading Up 0.1 %

NYSE KTB opened at $83.60 on Friday. Kontoor Brands, Inc. has a 12 month low of $52.95 and a 12 month high of $96.80. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.50 and a quick ratio of 1.42. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19. The company’s fifty day moving average price is $87.27 and its two-hundred day moving average price is $82.40.

Kontoor Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a yield of 2.49%. Kontoor Brands’s dividend payout ratio (DPR) is 46.85%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wells Fargo & Company upped their target price on shares of Kontoor Brands from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group upped their price objective on shares of Kontoor Brands from $103.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays upped their price objective on shares of Kontoor Brands from $83.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Stifel Nicolaus downgraded shares of Kontoor Brands from a “buy” rating to a “hold” rating and increased their price target for the stock from $89.00 to $93.00 in a research note on Friday, November 1st. Finally, Guggenheim increased their price objective on shares of Kontoor Brands from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

Kontoor Brands 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.