Dimensional Fund Advisors LP Has $108.25 Million Position in Kontoor Brands, Inc. (NYSE:KTB)

Dimensional Fund Advisors LP raised its stake in shares of Kontoor Brands, Inc. (NYSE:KTB) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,267,431 shares of the company’s stock after purchasing an additional 5,207 shares during the period. Dimensional Fund Advisors LP’s holdings in Kontoor Brands were worth $108,252,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KTB. Mendel Money Management raised its holdings in Kontoor Brands by 2.8% in the 4th quarter. Mendel Money Management now owns 4,934 shares of the company’s stock worth $421,000 after acquiring an additional 135 shares during the period. Janney Montgomery Scott LLC lifted its position 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 purchasing an additional 141 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Kontoor Brands by 14.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,177 shares of the company’s stock worth $101,000 after purchasing an additional 145 shares during the last quarter. Huntington National Bank grew its holdings in Kontoor Brands by 62.4% in the 4th quarter. Huntington National Bank now owns 385 shares of the company’s stock valued at $33,000 after buying an additional 148 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in 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 buying an additional 182 shares during the period. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Price Performance

Shares of Kontoor Brands stock opened at $61.38 on Monday. The firm has a market cap of $3.40 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The firm’s 50-day simple moving average is $63.16 and its 200-day simple moving average is $78.56. Kontoor Brands, Inc. has a twelve month low of $50.00 and a twelve month high of $96.80. 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 announced its quarterly 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. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. The business had revenue of $699.00 million for the quarter, compared to analyst estimates of $698.07 million. During the same quarter in the previous year, the firm earned $1.28 EPS. Kontoor Brands’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts expect that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, June 10th will be given a dividend of $0.52 per share. 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 dividend payout ratio (DPR) is 47.60%.

Analyst Ratings Changes

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