Versor Investments LP Has $828,000 Holdings in Kontoor Brands, Inc. (NYSE:KTB)

Versor Investments LP decreased its position in shares of Kontoor Brands, Inc. (NYSE:KTB) by 45.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,696 shares of the company’s stock after selling 7,928 shares during the quarter. Versor Investments LP’s holdings in Kontoor Brands were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of KTB. Janney Montgomery Scott LLC grew its holdings in Kontoor Brands by 3.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,775 shares of the company’s stock worth $408,000 after buying an additional 141 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Kontoor Brands by 26.0% during the 4th quarter. GAMMA Investing LLC now owns 882 shares of the company’s stock worth $75,000 after acquiring an additional 182 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Kontoor Brands by 7.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,956 shares of the company’s stock worth $252,000 after acquiring an additional 197 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Kontoor Brands by 0.4% in the fourth quarter. UMB Bank n.a. now owns 51,305 shares of the company’s stock valued at $4,382,000 after purchasing an additional 210 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Kontoor Brands by 242.5% in the third quarter. Farther Finance Advisors LLC now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 274 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Kontoor Brands Stock Down 1.4 %

KTB stock opened at $67.50 on Friday. Kontoor Brands, Inc. has a fifty-two week low of $52.95 and a fifty-two week high of $96.80. The stock has a fifty day moving average of $86.05 and a 200-day moving average of $83.04. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 2.12 and a beta of 1.19. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50.

Kontoor Brands (NYSE:KTB) last issued its earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.07. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The firm had revenue of $699.00 million during the quarter, compared to analyst estimates of $698.07 million. During the same quarter last year, the business earned $1.28 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts predict that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.52 per share. The ex-dividend date is Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a yield of 3.08%. Kontoor Brands’s payout ratio is 46.85%.

Analysts Set New Price Targets

KTB has been the subject of a number of recent analyst reports. Guggenheim upped 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. Barclays reduced their target price on Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company lifted their price target on Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. UBS Group decreased their target price on Kontoor Brands from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus cut 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. 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.com, Kontoor Brands has a consensus rating of “Moderate Buy” and an average target price of $95.17.

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.