Fuller & Thaler Asset Management Inc. Acquires 40,736 Shares of Kontoor Brands, Inc. (NYSE:KTB)

Fuller & Thaler Asset Management Inc. lifted its holdings in Kontoor Brands, Inc. (NYSE:KTB) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,037,453 shares of the company’s stock after acquiring an additional 40,736 shares during the period. Fuller & Thaler Asset Management Inc. owned 1.88% of Kontoor Brands worth $88,609,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP grew its holdings in Kontoor Brands by 97.3% during the 4th quarter. Marshall Wace LLP now owns 579,844 shares of the company’s stock valued at $49,524,000 after buying an additional 285,897 shares in the last quarter. Norges Bank purchased a new position in Kontoor Brands during the fourth quarter valued at $17,630,000. Geode Capital Management LLC increased its holdings in Kontoor Brands by 16.6% in the 4th quarter. Geode Capital Management LLC now owns 1,402,701 shares of the company’s stock valued at $119,827,000 after acquiring an additional 199,601 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Kontoor Brands by 28.4% in the 4th quarter. JPMorgan Chase & Co. now owns 849,712 shares of the company’s stock worth $72,574,000 after purchasing an additional 188,001 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Kontoor Brands by 15.5% during the 4th quarter. First Trust Advisors LP now owns 1,043,684 shares of the company’s stock valued at $89,141,000 after purchasing an additional 140,068 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Kontoor Brands Stock Performance

NYSE KTB opened at $58.45 on Wednesday. The business’s 50 day moving average price is $64.53 and its 200-day moving average price is $78.94. Kontoor Brands, Inc. has a fifty-two week low of $50.00 and a fifty-two week high of $96.80. The company has a market cap of $3.23 billion, a P/E ratio of 13.16, 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.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. The business had revenue of $699.00 million for 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 was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 earnings per share. Sell-side 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 declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, June 10th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.08 annualized dividend and a dividend yield of 3.56%. Kontoor Brands’s payout ratio is 47.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KTB shares. UBS Group reduced their target price on Kontoor Brands from $108.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Barclays reduced their price objective 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. Wells Fargo & Company lowered their target price on Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Finally, Stifel Nicolaus reduced their price target on shares of Kontoor Brands from $83.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $88.00.

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.