Abacus FCF Advisors LLC lifted its holdings in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 46.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,522 shares of the company's stock after buying an additional 14,136 shares during the period. Abacus FCF Advisors LLC owned about 0.08% of Kontoor Brands worth $3,803,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. HHM Wealth Advisors LLC purchased a new position in Kontoor Brands during the fourth quarter valued at approximately $29,000. Huntington National Bank grew its holdings in shares of Kontoor Brands by 62.4% during the 4th quarter. Huntington National Bank now owns 385 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of 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 acquiring an additional 334 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Kontoor Brands by 229.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 722 shares of the company's stock worth $62,000 after acquiring an additional 503 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Kontoor Brands by 26.0% during the fourth quarter. GAMMA Investing LLC now owns 882 shares of the company's stock worth $75,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.
Kontoor Brands Stock Performance
Shares of KTB stock traded up $0.15 during trading on Friday, reaching $57.34. The company had a trading volume of 449,706 shares, compared to its average volume of 534,757. The firm's 50 day simple moving average is $68.56 and its two-hundred day simple moving average is $80.15. Kontoor Brands, Inc. has a one year low of $50.00 and a one year high of $96.80. 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 $3.17 billion, a PE ratio of 12.92, a PEG ratio of 2.12 and a beta of 0.93.
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. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The company had revenue of $699.00 million for the quarter, compared to analyst estimates of $698.07 million. During the same quarter last year, the firm posted $1.28 earnings per share. The company's quarterly revenue was up 4.4% compared to the same quarter last year. Sell-side analysts forecast that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.
Kontoor Brands Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Monday, March 10th. Kontoor Brands's dividend payout ratio (DPR) is 47.60%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on KTB shares. Stifel Nicolaus dropped their target price on Kontoor Brands from $83.00 to $72.00 and set a "hold" rating on the stock in a research report on Thursday. Wells Fargo & Company lowered their price target on Kontoor Brands from $100.00 to $90.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Barclays cut their price objective on shares of Kontoor Brands from $100.00 to $93.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group decreased their target price on shares of Kontoor Brands from $108.00 to $96.00 and set a "buy" rating for the company in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $88.00.
Get Our Latest Stock Report on KTB
Kontoor Brands Profile
(
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.
Read More
Before you consider Kontoor Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kontoor Brands wasn't on the list.
While Kontoor Brands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
