James Investment Research Inc. Has $2.37 Million Stock Holdings in Kontoor Brands, Inc. (NYSE:KTB)

James Investment Research Inc. lifted its stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,781 shares of the company's stock after acquiring an additional 3,135 shares during the period. James Investment Research Inc. owned 0.05% of Kontoor Brands worth $2,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in KTB. Blue Trust Inc. raised its holdings in shares of Kontoor Brands by 41.0% in the 3rd quarter. Blue Trust Inc. now owns 2,215 shares of the company's stock worth $181,000 after purchasing an additional 644 shares in the last quarter. Vest Financial LLC raised its holdings in shares of Kontoor Brands by 16.6% during the third quarter. Vest Financial LLC now owns 19,131 shares of the company's stock valued at $1,565,000 after acquiring an additional 2,720 shares during the period. Everence Capital Management Inc. raised its holdings in shares of Kontoor Brands by 39.3% during the third quarter. Everence Capital Management Inc. now owns 6,660 shares of the company's stock valued at $545,000 after acquiring an additional 1,880 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Kontoor Brands during the third quarter valued at approximately $30,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Kontoor Brands by 8,078.0% during the third quarter. International Assets Investment Management LLC now owns 28,623 shares of the company's stock valued at $2,341,000 after acquiring an additional 28,273 shares during the period. 93.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KTB shares. Barclays boosted their price target on shares of Kontoor Brands from $83.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Guggenheim boosted their price objective on shares of Kontoor Brands from $80.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, November 1st. UBS Group lowered their price objective on shares of Kontoor Brands from $112.00 to $108.00 and set a "buy" rating on the stock in a research report on Tuesday. Wells Fargo & Company boosted their price objective on shares of Kontoor Brands from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus downgraded shares of Kontoor Brands from a "buy" rating to a "hold" rating and boosted their price objective for the company from $89.00 to $93.00 in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $94.67.

Kontoor Brands Stock Performance

Shares of NYSE KTB traded up $4.19 during trading hours on Wednesday, hitting $89.93. 921,869 shares of the stock were exchanged, compared to its average volume of 503,734. 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's 50 day moving average is $87.18 and its 200 day moving average is $82.57. The firm has a market capitalization of $4.96 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.98 and a beta of 1.19. Kontoor Brands, Inc. has a one year low of $52.95 and a one year high of $96.80.

Kontoor Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Monday, March 10th. Kontoor Brands's payout ratio is currently 46.85%.

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.