D.A. Davidson & CO. Sells 366 Shares of Kontoor Brands, Inc. (NYSE:KTB)

D.A. Davidson & CO. decreased its stake in Kontoor Brands, Inc. (NYSE:KTB) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,460 shares of the company’s stock after selling 366 shares during the period. D.A. Davidson & CO.’s holdings in Kontoor Brands were worth $1,491,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC bought a new position in shares of Kontoor Brands in the 4th quarter worth $29,000. Farther Finance Advisors LLC increased its holdings in shares of Kontoor Brands by 242.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 387 shares of the company’s stock worth $32,000 after buying an additional 274 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Kontoor Brands in the 3rd quarter worth $32,000. Fortitude Family Office LLC increased its holdings in shares of Kontoor Brands by 407.3% in the 4th quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock worth $36,000 after buying an additional 334 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Kontoor Brands by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 882 shares of the company’s stock worth $75,000 after buying an additional 182 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Guggenheim increased their target price on shares of Kontoor Brands from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group reduced their target price on shares of Kontoor Brands from $112.00 to $108.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company increased their target price on shares of Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday. Barclays increased their target price on shares of Kontoor Brands from $83.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus lowered shares of Kontoor Brands from a “buy” rating to a “hold” rating and increased their target price for the company from $89.00 to $93.00 in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Kontoor Brands has an average rating of “Moderate Buy” and an average price target of $96.33.

Kontoor Brands Trading Down 1.7 %

Shares of KTB opened at $88.01 on Friday. The stock has a market capitalization of $4.85 billion, a P/E ratio of 19.82, a PEG ratio of 2.12 and a beta of 1.19. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. The firm has a fifty day simple moving average of $87.12 and a two-hundred day simple moving average of $82.91. Kontoor Brands, Inc. has a twelve month low of $52.95 and a twelve month high of $96.80.

Kontoor Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, March 10th. This represents a $2.08 annualized dividend and a yield of 2.36%. Kontoor Brands’s payout ratio is currently 46.85%.

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.