Kontoor Brands, Inc. (NYSE:KTB) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its stake in Kontoor Brands, Inc. (NYSE:KTB) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,074 shares of the company’s stock after selling 649 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Kontoor Brands were worth $6,156,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in Kontoor Brands by 3.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,775 shares of the company’s stock worth $408,000 after acquiring an additional 141 shares in the last quarter. GAMMA Investing LLC raised its position in Kontoor Brands by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 882 shares of the company’s stock worth $75,000 after acquiring an additional 182 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in Kontoor Brands by 7.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 2,956 shares of the company’s stock worth $252,000 after acquiring an additional 197 shares in the last quarter. UMB Bank n.a. raised its position in Kontoor Brands by 0.4% in the fourth quarter. UMB Bank n.a. now owns 51,305 shares of the company’s stock worth $4,382,000 after acquiring an additional 210 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Kontoor Brands by 242.5% in the third quarter. Farther Finance Advisors LLC now owns 387 shares of the company’s stock worth $32,000 after acquiring an additional 274 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company boosted their price objective on Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Barclays cut their price objective on Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating on the stock in a report on Wednesday. Stifel Nicolaus downgraded Kontoor Brands from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $89.00 to $93.00 in a report on Friday, November 1st. Guggenheim boosted their price objective on Kontoor Brands from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, UBS Group cut their price objective on Kontoor Brands from $108.00 to $96.00 and set a “buy” rating on the stock in a report on Friday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Kontoor Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.17.

Kontoor Brands Trading Down 3.3 %

Shares of NYSE KTB opened at $65.08 on Friday. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 2.12 and a beta of 1.19. The business has a 50 day simple moving average of $85.61 and a 200 day simple moving average of $83.00. Kontoor Brands, Inc. has a 52 week low of $52.95 and a 52 week high of $96.80. 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) last announced its earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.07. The firm 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 company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. On average, research analysts predict 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 will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.20%. Kontoor Brands’s dividend payout ratio (DPR) is presently 47.60%.

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.