Keeley Teton Advisors LLC Cuts Stock Holdings in Kontoor Brands, Inc. (NYSE:KTB)

Keeley Teton Advisors LLC trimmed its holdings in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 23.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,573 shares of the company's stock after selling 29,003 shares during the quarter. Kontoor Brands makes up approximately 0.9% of Keeley Teton Advisors LLC's holdings, making the stock its 14th biggest position. Keeley Teton Advisors LLC owned 0.17% of Kontoor Brands worth $7,992,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Jump Financial LLC purchased a new position in shares of Kontoor Brands in the fourth quarter worth $742,000. Bridgewater Associates LP lifted its stake in Kontoor Brands by 22.1% in the 4th quarter. Bridgewater Associates LP now owns 47,606 shares of the company's stock worth $4,066,000 after purchasing an additional 8,625 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Kontoor Brands during the 4th quarter valued at about $446,000. Barclays PLC grew its position in shares of Kontoor Brands by 3.2% during the fourth quarter. Barclays PLC now owns 104,770 shares of the company's stock valued at $8,948,000 after purchasing an additional 3,248 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Kontoor Brands in the fourth quarter worth about $6,314,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

Kontoor Brands Trading Up 2.5 %

Shares of KTB stock traded up $1.34 on Friday, hitting $54.99. 505,736 shares of the stock traded hands, compared to its average volume of 536,626. 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 $50.00 and a twelve month high of $96.80. The firm's 50-day moving average price is $65.49 and its two-hundred day moving average price is $79.24. The stock has a market capitalization of $3.04 billion, a PE ratio of 12.39, a PEG ratio of 2.12 and a beta of 0.93.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.07. The company had revenue of $699.00 million during 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%. Kontoor Brands's revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. As a group, analysts anticipate that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.52 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.78%. Kontoor Brands's payout ratio is presently 47.60%.

Analysts Set New Price Targets

Several research firms have weighed in on KTB. Barclays cut their price target on Kontoor Brands from $100.00 to $93.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. UBS Group dropped their price target on shares of Kontoor Brands from $108.00 to $96.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Stifel Nicolaus decreased their price target on shares of Kontoor Brands from $83.00 to $72.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company dropped their target price 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $88.00.

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.