Monument Capital Management Raises Holdings in Kontoor Brands, Inc. (NYSE:KTB)

Monument Capital Management boosted its stake in Kontoor Brands, Inc. (NYSE:KTB) by 1,033.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,701 shares of the company’s stock after buying an additional 34,375 shares during the quarter. Monument Capital Management owned approximately 0.07% of Kontoor Brands worth $3,220,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC purchased a new stake in shares of Kontoor Brands in the fourth quarter valued at $29,000. Northwest Investment Counselors LLC purchased a new position in Kontoor Brands in the 3rd quarter valued at about $30,000. Farther Finance Advisors LLC boosted its stake in shares of Kontoor Brands by 242.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 387 shares of the company’s stock worth $32,000 after purchasing an additional 274 shares during the last quarter. Kennebec Savings Bank purchased a new stake in shares of Kontoor Brands during the third quarter worth about $32,000. Finally, Fortitude Family Office LLC raised its position in shares of Kontoor Brands by 407.3% in the fourth quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock valued at $36,000 after buying an additional 334 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Stock Performance

Kontoor Brands stock opened at $83.60 on Monday. The company has a market cap 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. 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 stock’s 50-day moving average is $87.27 and its 200-day moving average is $82.49.

Kontoor Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued a $0.52 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.08 annualized dividend and a yield of 2.49%. Kontoor Brands’s payout ratio is 46.85%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KTB shares. Stifel Nicolaus cut shares of Kontoor Brands from a “buy” rating to a “hold” rating and lifted their target price for the stock from $89.00 to $93.00 in a research note on Friday, November 1st. Wells Fargo & Company upped their target price on Kontoor Brands from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Guggenheim raised their price target on Kontoor Brands from $80.00 to $100.00 and gave the stock 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. Finally, UBS Group raised their target price on shares of Kontoor Brands from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One research 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

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.