Dana Investment Advisors Inc. Invests $654,000 in Kontoor Brands, Inc. (NYSE:KTB)

Dana Investment Advisors Inc. acquired a new stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,657 shares of the company's stock, valued at approximately $654,000.

Other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in Kontoor Brands in the third quarter valued at approximately $332,000. Janus Henderson Group PLC grew its position in Kontoor Brands by 31.4% in the 3rd quarter. Janus Henderson Group PLC now owns 47,474 shares of the company's stock valued at $3,883,000 after purchasing an additional 11,337 shares during the period. Fortitude Family Office LLC increased its stake in Kontoor Brands by 407.3% during the 4th quarter. Fortitude Family Office LLC now owns 416 shares of the company's stock valued at $36,000 after purchasing an additional 334 shares in the last quarter. Natixis Advisors LLC raised its holdings in Kontoor Brands by 6.7% during the third quarter. Natixis Advisors LLC now owns 17,383 shares of the company's stock worth $1,422,000 after buying an additional 1,087 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Kontoor Brands by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 261,022 shares of the company's stock worth $22,294,000 after buying an additional 7,445 shares during the last quarter. Institutional investors own 93.06% of the company's stock.

Kontoor Brands Stock Performance

Shares of KTB traded up $0.93 on Wednesday, reaching $61.01. 762,092 shares of the company's stock traded hands, compared to its average volume of 692,192. The stock's 50 day simple moving average is $82.15 and its two-hundred day simple moving average is $82.66. The company has a current ratio of 2.50, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09. Kontoor Brands, Inc. has a 52-week low of $52.95 and a 52-week high of $96.80. The stock has a market cap of $3.38 billion, a PE ratio of 13.74, a PEG ratio of 2.12 and a beta of 1.23.

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Kontoor Brands (NYSE:KTB - Get Free Report) last released 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 company had revenue of $699.00 million for 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 business'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 posted $1.28 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, March 10th. This represents a $2.08 annualized dividend and a dividend yield of 3.41%. Kontoor Brands's payout ratio is currently 47.60%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KTB. Barclays decreased their target price on shares of Kontoor Brands from $100.00 to $93.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company raised their target price on Kontoor Brands from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Finally, UBS Group decreased their price target on Kontoor Brands from $108.00 to $96.00 and set a "buy" rating for the company in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $93.17.

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.