XTX Topco Ltd Purchases Shares of 5,218 Kontoor Brands, Inc. (NYSE:KTB)

XTX Topco Ltd acquired a new stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,218 shares of the company's stock, valued at approximately $446,000.

Other large investors also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Kontoor Brands by 316.3% in the 3rd quarter. Barclays PLC now owns 101,522 shares of the company's stock valued at $8,303,000 after purchasing an additional 77,137 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Kontoor Brands in the 3rd quarter worth approximately $332,000. Synovus Financial Corp bought a new position in Kontoor Brands during the 3rd quarter worth $220,000. GAMMA Investing LLC increased its holdings in shares of Kontoor Brands by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 882 shares of the company's stock worth $75,000 after acquiring an additional 182 shares during the period. Finally, Fortitude Family Office LLC raised its holdings in shares of Kontoor Brands by 407.3% during the fourth quarter. Fortitude Family Office LLC now owns 416 shares of the company's stock valued at $36,000 after buying an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays decreased their price target on Kontoor Brands from $100.00 to $93.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Stifel Nicolaus lowered their target price on shares of Kontoor Brands from $83.00 to $72.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company dropped their price target on shares of Kontoor Brands from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, UBS Group dropped their price objective on Kontoor Brands from $108.00 to $96.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $88.00.

Kontoor Brands Stock Down 1.7 %

Shares of KTB traded down $1.07 during midday trading on Friday, reaching $61.38. 530,084 shares of the stock were exchanged, compared to its average volume of 538,777. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 2.12 and a beta of 0.93. The firm has a 50 day simple moving average of $63.16 and a 200-day simple moving average of $78.57. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. Kontoor Brands, Inc. has a 12-month low of $50.00 and a 12-month high of $96.80.

Kontoor Brands (NYSE:KTB - Get Free Report) last released its quarterly earnings results 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. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $698.07 million. Kontoor Brands's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. Research analysts forecast that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Tuesday, June 10th. Kontoor Brands's dividend payout ratio is 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.