Kontoor Brands, Inc. (NYSE:KTB) Short Interest Down 5.9% in January

Kontoor Brands, Inc. (NYSE:KTB - Get Free Report) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 3,030,000 shares, a decrease of 5.9% from the January 15th total of 3,220,000 shares. Approximately 5.6% of the shares of the company are short sold. Based on an average trading volume of 443,200 shares, the short-interest ratio is currently 6.8 days.

Institutional Investors Weigh In On Kontoor Brands

A number of large investors have recently bought and sold shares of KTB. Blue Trust Inc. grew its position in Kontoor Brands by 41.0% during the 3rd quarter. Blue Trust Inc. now owns 2,215 shares of the company's stock worth $181,000 after acquiring an additional 644 shares during the last quarter. Vest Financial LLC grew its position in Kontoor Brands by 16.6% during the 3rd quarter. Vest Financial LLC now owns 19,131 shares of the company's stock worth $1,565,000 after acquiring an additional 2,720 shares during the last quarter. Everence Capital Management Inc. grew its position in Kontoor Brands by 39.3% during the 3rd quarter. Everence Capital Management Inc. now owns 6,660 shares of the company's stock worth $545,000 after acquiring an additional 1,880 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Kontoor Brands during the 3rd quarter worth approximately $30,000. Finally, International Assets Investment Management LLC grew its position in Kontoor Brands by 8,078.0% during the 3rd quarter. International Assets Investment Management LLC now owns 28,623 shares of the company's stock worth $2,341,000 after acquiring an additional 28,273 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

Kontoor Brands Price Performance

Shares of KTB traded down $1.52 during mid-day trading on Friday, reaching $88.01. The company had a trading volume of 806,300 shares, compared to its average volume of 561,147. The company has a market capitalization of $4.85 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.12 and a beta of 1.19. Kontoor Brands has a twelve month low of $52.95 and a twelve month high of $96.80. The company's 50-day moving average is $87.14 and its 200-day moving average is $82.78. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a yield of 2.36%. Kontoor Brands's dividend payout ratio (DPR) is presently 46.85%.

Analysts Set New Price Targets

KTB has been the subject of several recent research reports. Guggenheim upped their price target on Kontoor Brands from $80.00 to $100.00 and gave the company a "buy" rating in a report on Friday, November 1st. Wells Fargo & Company upped their price target on Kontoor Brands from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday. Barclays upped their price target on Kontoor Brands from $83.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, November 1st. UBS Group dropped their target price on Kontoor Brands from $112.00 to $108.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Stifel Nicolaus cut Kontoor Brands from a "buy" rating to a "hold" rating and increased their target price for the stock from $89.00 to $93.00 in a report on Friday, November 1st. 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, Kontoor Brands currently has an average rating of "Moderate Buy" and an average price target of $96.33.

Kontoor Brands Company 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.