Schroder Investment Management Group Acquires New Shares in Kontoor Brands, Inc. (NYSE:KTB)

Schroder Investment Management Group acquired a new stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 88,157 shares of the company's stock, valued at approximately $7,512,000. Schroder Investment Management Group owned about 0.16% of Kontoor Brands at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KTB. Mendel Money Management lifted its stake in shares of Kontoor Brands by 2.8% in the 4th quarter. Mendel Money Management now owns 4,934 shares of the company's stock valued at $421,000 after acquiring an additional 135 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Kontoor Brands by 3.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,775 shares of the company's stock worth $408,000 after purchasing an additional 141 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Kontoor Brands by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 882 shares of the company's stock valued at $75,000 after buying an additional 182 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in Kontoor Brands by 7.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,956 shares of the company's stock valued at $252,000 after buying an additional 197 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Kontoor Brands by 0.4% in the 4th quarter. UMB Bank n.a. now owns 51,305 shares of the company's stock valued at $4,382,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

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Kontoor Brands Trading Up 13.9 %

Shares of NYSE:KTB traded up $7.27 during mid-day trading on Wednesday, hitting $59.49. The company had a trading volume of 1,213,741 shares, compared to its average volume of 533,282. The company has a market capitalization of $3.29 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. Kontoor Brands, Inc. has a one year low of $50.00 and a one year high of $96.80. The firm has a fifty day moving average price of $69.77 and a 200 day moving average price of $80.45. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.50 and a quick ratio of 1.42.

Kontoor Brands (NYSE:KTB - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $1.38 earnings per share 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%. During the same period last year, the firm earned $1.28 earnings per share. The business's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts forecast that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Monday, March 10th. Kontoor Brands's dividend payout ratio is currently 47.60%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KTB shares. UBS Group reduced their price objective on shares of Kontoor Brands from $108.00 to $96.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company lowered their price objective on Kontoor Brands from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, Barclays reduced their target price on Kontoor Brands from $100.00 to $93.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Kontoor Brands presently has an average 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.