Trexquant Investment LP Has $10.12 Million Stock Position in Kontoor Brands, Inc. (NYSE:KTB)

Trexquant Investment LP increased its stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 89.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 118,463 shares of the company's stock after purchasing an additional 55,818 shares during the quarter. Trexquant Investment LP owned approximately 0.21% of Kontoor Brands worth $10,118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kontoor Brands by 2.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 118,225 shares of the company's stock worth $9,668,000 after acquiring an additional 3,044 shares during the period. HighTower Advisors LLC boosted its stake in Kontoor Brands by 35.6% during the 3rd quarter. HighTower Advisors LLC now owns 6,097 shares of the company's stock valued at $497,000 after purchasing an additional 1,602 shares during the period. Janus Henderson Group PLC grew its holdings 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 buying an additional 11,337 shares during the last quarter. State Street Corp lifted its holdings in shares of Kontoor Brands by 1.2% during the third quarter. State Street Corp now owns 2,205,592 shares of the company's stock worth $180,373,000 after buying an additional 26,759 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Kontoor Brands by 156.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 12,652 shares of the company's stock worth $1,035,000 after buying an additional 7,715 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Remove Ads

Kontoor Brands Price Performance

Shares of NYSE:KTB traded down $1.64 on Monday, hitting $56.26. The stock had a trading volume of 443,841 shares, compared to its average volume of 522,366. The firm's 50 day moving average price is $73.49 and its 200-day moving average price is $81.27. 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, Inc. has a twelve month low of $52.95 and a twelve month high of $96.80. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth 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. The firm had revenue of $699.00 million for the quarter, compared to analyst estimates of $698.07 million. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The company'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 earned $1.28 earnings per share. On average, equities research analysts predict that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a dividend of $0.52 per share. The ex-dividend date was Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a yield of 3.70%. Kontoor Brands's dividend payout ratio is 47.60%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KTB shares. Barclays dropped their target price 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. UBS Group cut their price objective 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. Finally, Wells Fargo & Company lowered their price target on shares of Kontoor Brands from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $91.50.

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.