Landscape Capital Management L.L.C. Invests $4.27 Million in Kontoor Brands, Inc. (NYSE:KTB)

Landscape Capital Management L.L.C. bought a new position in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 49,970 shares of the company's stock, valued at approximately $4,268,000. Landscape Capital Management L.L.C. owned about 0.09% of Kontoor Brands at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in KTB. HHM Wealth Advisors LLC purchased a new stake in shares of Kontoor Brands during the fourth quarter valued at $29,000. Huntington National Bank grew its stake in 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 purchasing an additional 148 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of Kontoor Brands by 407.3% in the fourth quarter. Fortitude Family Office LLC now owns 416 shares of the company's stock valued at $36,000 after purchasing an additional 334 shares during the period. EverSource Wealth Advisors LLC raised its position in Kontoor Brands by 229.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 722 shares of the company's stock worth $62,000 after buying an additional 503 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Kontoor Brands by 26.0% during the fourth quarter. GAMMA Investing LLC now owns 882 shares of the company's stock valued at $75,000 after purchasing an additional 182 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KTB has been the subject of several recent research reports. UBS Group reduced their price target on Kontoor Brands from $108.00 to $96.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Barclays dropped their price target 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, Wells Fargo & Company dropped their target price on Kontoor Brands from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $91.50.

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Kontoor Brands Price Performance

Shares of KTB stock traded down $0.36 on Wednesday, reaching $51.86. 218,821 shares of the company were exchanged, compared to its average volume of 528,421. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 2.12 and a beta of 0.93. Kontoor Brands, Inc. has a 1 year low of $50.77 and a 1 year high of $96.80. The business has a 50-day moving average price of $71.15 and a 200 day moving average price of $80.73. 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 (NYSE:KTB - Get Free Report) last announced its 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 business had revenue of $699.00 million during 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 was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 earnings per share. Equities research analysts forecast that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal 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 given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a yield of 4.01%. Kontoor Brands's payout ratio is presently 47.60%.

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.