Kontoor Brands, Inc. (NYSE:KTB) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 8,078.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,623 shares of the company's stock after purchasing an additional 28,273 shares during the period. International Assets Investment Management LLC owned approximately 0.05% of Kontoor Brands worth $2,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its holdings in shares of Kontoor Brands by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 14,050 shares of the company's stock valued at $929,000 after purchasing an additional 154 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Kontoor Brands by 5.0% in the second quarter. SG Americas Securities LLC now owns 3,544 shares of the company's stock worth $234,000 after acquiring an additional 169 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Kontoor Brands by 3.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,979 shares of the company's stock worth $329,000 after acquiring an additional 175 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Kontoor Brands by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 25,000 shares of the company's stock valued at $1,654,000 after acquiring an additional 200 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in Kontoor Brands by 2.2% in the 2nd quarter. Hsbc Holdings PLC now owns 9,340 shares of the company's stock worth $616,000 after purchasing an additional 203 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kontoor Brands news, EVP Thomas L. Doerr, Jr. sold 9,039 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.71, for a total value of $729,537.69. Following the transaction, the executive vice president now directly owns 18,179 shares in the company, valued at $1,467,227.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KTB shares. UBS Group upped their target price on Kontoor Brands from $103.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday. Guggenheim upped their price objective on shares of Kontoor Brands from $80.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday. Wells Fargo & Company lifted their target price 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. Barclays upped their price target on shares of Kontoor Brands from $83.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Stifel Nicolaus cut Kontoor Brands from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $89.00 to $93.00 in a report on Friday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $95.00.

Kontoor Brands Price Performance

KTB stock traded up $2.60 during mid-day trading on Monday, reaching $84.25. The company's stock had a trading volume of 779,400 shares, compared to its average volume of 486,869. The company has a current ratio of 2.50, a quick ratio of 1.43 and a debt-to-equity ratio of 2.09. The company's 50 day moving average is $77.81 and its two-hundred day moving average is $71.57. Kontoor Brands, Inc. has a fifty-two week low of $47.33 and a fifty-two week high of $89.76. The stock has a market cap of $4.69 billion, a PE ratio of 18.98, a P/E/G ratio of 2.23 and a beta of 1.19.

Kontoor Brands (NYSE:KTB - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.26 by $0.11. The firm had revenue of $670.19 million during the quarter, compared to analysts' expectations of $663.45 million. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. The business's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 earnings per share. Equities research analysts expect that Kontoor Brands, Inc. will post 4.8 EPS for the current year.

Kontoor Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 9th will be issued a $0.52 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.47%. This is a positive change from Kontoor Brands's previous quarterly dividend of $0.50. Kontoor Brands's dividend payout ratio is currently 45.05%.

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.