Stifel Financial Corp Has $3.04 Million Stock Holdings in Kontoor Brands, Inc. (NYSE:KTB)

Stifel Financial Corp trimmed its holdings in shares of Kontoor Brands, Inc. (NYSE:KTB) by 38.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,539 shares of the company’s stock after selling 21,816 shares during the period. Stifel Financial Corp owned approximately 0.06% of Kontoor Brands worth $3,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP grew its stake 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 acquiring an additional 285,897 shares in the last quarter. Norges Bank acquired a new stake in shares of Kontoor Brands during the fourth quarter worth approximately $17,630,000. Geode Capital Management LLC grew its position in Kontoor Brands by 16.6% during the fourth quarter. Geode Capital Management LLC now owns 1,402,701 shares of the company’s stock valued at $119,827,000 after purchasing an additional 199,601 shares in the last quarter. JPMorgan Chase & Co. increased 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 valued at $72,574,000 after buying an additional 188,001 shares during the period. Finally, First Trust Advisors LP increased its stake in Kontoor Brands by 15.5% in the 4th quarter. First Trust Advisors LP now owns 1,043,684 shares of the company’s stock valued at $89,141,000 after buying an additional 140,068 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KTB has been the topic of several research analyst reports. UBS Group lowered their price target 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 lowered their target price on Kontoor Brands from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday. Barclays cut their price target on Kontoor Brands from $93.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, Stifel Nicolaus lowered their price target on Kontoor Brands from $83.00 to $72.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.17.

Kontoor Brands Trading Up 5.2 %

Kontoor Brands stock opened at $63.42 on Friday. Kontoor Brands, Inc. has a one year low of $50.00 and a one year high of $96.80. The company’s fifty day moving average price is $60.73 and its two-hundred day moving average price is $77.89. 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 company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 2.12 and a beta of 0.93.

Kontoor Brands (NYSE:KTB) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the firm posted $1.28 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts forecast that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, June 10th. Kontoor Brands’s dividend payout ratio is currently 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.