Amundi Purchases 960 Shares of Kontoor Brands, Inc. (NYSE:KTB)

Amundi raised its position in Kontoor Brands, Inc. (NYSE:KTB) by 33.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,869 shares of the company’s stock after acquiring an additional 960 shares during the quarter. Amundi’s holdings in Kontoor Brands were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KTB. Raymond James Financial Inc. bought a new position in shares of Kontoor Brands in the fourth quarter worth about $6,314,000. Dana Investment Advisors Inc. bought a new position in shares of Kontoor Brands in the fourth quarter worth about $654,000. Charles Schwab Investment Management Inc. raised its stake in shares of Kontoor Brands by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 697,326 shares of the company’s stock worth $59,559,000 after buying an additional 35,932 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Kontoor Brands by 65.5% in the fourth quarter. Jones Financial Companies Lllp now owns 47,662 shares of the company’s stock worth $4,071,000 after buying an additional 18,861 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Kontoor Brands by 206.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,560 shares of the company’s stock worth $133,000 after buying an additional 1,051 shares during the period. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Stock Performance

NYSE KTB opened at $63.68 on Friday. The stock has a market capitalization of $3.52 billion, a PE ratio of 14.34, a P/E/G ratio of 2.12 and a beta of 1.23. 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 business has a 50 day simple moving average of $78.25 and a two-hundred day simple moving average of $81.88. Kontoor Brands, Inc. has a 1-year low of $52.95 and a 1-year high of $96.80.

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

Kontoor Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Monday, March 10th. Kontoor Brands’s dividend payout ratio (DPR) is 47.60%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Barclays decreased their target price on Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group decreased their target price on Kontoor Brands from $108.00 to $96.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

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.