O Shaughnessy Asset Management LLC Sells 368 Shares of Kontoor Brands, Inc. (NYSE:KTB)

O Shaughnessy Asset Management LLC reduced its holdings in shares of Kontoor Brands, Inc. (NYSE:KTB) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 58,132 shares of the company’s stock after selling 368 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Kontoor Brands were worth $4,965,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KTB. HHM Wealth Advisors LLC bought a new stake in shares of Kontoor Brands during the fourth quarter worth $29,000. Fortitude Family Office LLC increased its stake in Kontoor Brands by 407.3% in the 4th quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock worth $36,000 after buying an additional 334 shares during the period. EverSource Wealth Advisors LLC increased its stake in Kontoor Brands by 229.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 722 shares of the company’s stock worth $62,000 after buying an additional 503 shares during the period. GAMMA Investing LLC lifted its holdings in Kontoor Brands by 26.0% during the 4th quarter. GAMMA Investing LLC now owns 882 shares of the company’s stock valued at $75,000 after buying an additional 182 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new stake in Kontoor Brands in the 4th quarter valued at about $98,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Kontoor Brands Stock Performance

Shares of NYSE:KTB opened at $66.85 on Thursday. The firm has a 50 day moving average of $74.81 and a 200 day moving average of $81.51. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23. Kontoor Brands, Inc. has a 52 week low of $52.95 and a 52 week high of $96.80.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.31 by $0.07. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. The firm had revenue of $699.00 million during the quarter, compared to analyst estimates of $698.07 million. During the same period in the previous year, the company posted $1.28 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts predict that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Monday, March 10th. Kontoor Brands’s dividend payout ratio is currently 47.60%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KTB shares. UBS Group decreased their price target on shares of Kontoor Brands from $108.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Barclays decreased their target price on Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company dropped their price target on Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

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.