7,657 Shares in Kontoor Brands, Inc. (NYSE:KTB) Purchased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. bought a new position in shares of Kontoor Brands, Inc. (NYSE:KTB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,657 shares of the company’s stock, valued at approximately $654,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Janney Montgomery Scott LLC boosted its holdings in shares of Kontoor Brands by 3.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,775 shares of the company’s stock worth $408,000 after buying an additional 141 shares during the period. GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 182 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Kontoor Brands by 7.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,956 shares of the company’s stock worth $252,000 after buying an additional 197 shares during the period. UMB Bank n.a. boosted its holdings in shares of Kontoor Brands by 0.4% during the 4th quarter. UMB Bank n.a. now owns 51,305 shares of the company’s stock worth $4,382,000 after buying an additional 210 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings 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 buying an additional 274 shares during the period. Institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays reduced their target price on shares of Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company boosted their price objective on shares of Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Finally, UBS Group cut their price objective on shares of Kontoor Brands from $108.00 to $96.00 and set a “buy” rating for the company in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.17.

Kontoor Brands Stock Performance

NYSE KTB opened at $60.41 on Friday. The firm has a 50-day moving average price of $83.17 and a two-hundred day moving average price of $82.76. The company has a market capitalization of $3.34 billion, a P/E ratio of 13.61, a P/E/G ratio of 2.12 and a beta of 1.23. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. Kontoor Brands, Inc. has a 12-month low of $52.95 and a 12-month high of $96.80.

Kontoor Brands (NYSE:KTB) last issued its earnings results on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.31 by $0.07. The company had revenue of $699.00 million during the quarter, compared to analysts’ expectations of $698.07 million. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 EPS. Analysts anticipate that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, March 10th. Kontoor Brands’s payout ratio is presently 47.60%.

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.