2,753 Shares in Kontoor Brands, Inc. (NYSE:KTB) Bought by Oxford Asset Management LLP

by · The Cerbat Gem

Oxford Asset Management LLP bought a new stake in shares of Kontoor Brands, Inc. (NYSE:KTB – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,753 shares of the company’s stock, valued at approximately $235,000.

Other hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC bought a new position in shares of Kontoor Brands during the 4th quarter worth about $29,000. Huntington National Bank grew its position in Kontoor Brands by 62.4% during the fourth quarter. Huntington National Bank now owns 385 shares of the company’s stock worth $33,000 after buying an additional 148 shares in the last quarter. Fortitude Family Office LLC increased its stake in Kontoor Brands by 407.3% during the fourth quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock valued at $36,000 after acquiring an additional 334 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Kontoor Brands by 229.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 722 shares of the company’s stock valued at $62,000 after acquiring an additional 503 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position 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 acquiring an additional 182 shares during the period. 93.06% of the stock is owned by institutional investors.

Kontoor Brands Stock Down 1.7 %

Shares of NYSE:KTB opened at $61.38 on Monday. The company has a market capitalization of $3.40 billion, a PE ratio of 13.82, a P/E/G ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50. The company’s fifty day moving average is $63.16 and its 200-day moving average is $78.56. Kontoor Brands, Inc. has a 52 week low of $50.00 and a 52 week high of $96.80.

Kontoor Brands (NYSE:KTB – Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. The firm had revenue of $699.00 million for the quarter, compared to analyst estimates of $698.07 million. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The company’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 business earned $1.28 earnings per share. Equities research analysts predict that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, June 10th will be given a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.08 annualized dividend and a yield of 3.39%. Kontoor Brands’s payout ratio is 47.60%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KTB shares. Stifel Nicolaus lowered their price objective on Kontoor Brands from $83.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company lowered their price target on shares of Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Barclays reduced their price objective 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. Finally, UBS Group lowered their target price on shares of 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 research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.00.

View Our Latest Report on KTB

About Kontoor Brands

(Free Report)

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.

See Also

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