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

O Shaughnessy Asset Management LLC reduced its stake in Kontoor Brands, Inc. (NYSE:KTB) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,132 shares of the company’s stock after selling 368 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.11% of Kontoor Brands worth $4,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kontoor Brands by 2.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 118,225 shares of the company’s stock valued at $9,668,000 after buying an additional 3,044 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Kontoor Brands by 35.6% during the third quarter. HighTower Advisors LLC now owns 6,097 shares of the company’s stock valued at $497,000 after purchasing an additional 1,602 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Kontoor Brands by 31.4% in the third quarter. Janus Henderson Group PLC now owns 47,474 shares of the company’s stock worth $3,883,000 after purchasing an additional 11,337 shares during the period. State Street Corp increased its stake in shares of Kontoor Brands by 1.2% in the third quarter. State Street Corp now owns 2,205,592 shares of the company’s stock worth $180,373,000 after purchasing an additional 26,759 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Kontoor Brands by 156.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 12,652 shares of the company’s stock valued at $1,035,000 after purchasing an additional 7,715 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Kontoor Brands Price Performance

NYSE:KTB opened at $66.85 on Thursday. The business’s 50-day moving average is $74.81 and its 200 day moving average is $81.51. Kontoor Brands, Inc. has a 12 month low of $52.95 and a 12 month high of $96.80. The company has a market capitalization of $3.70 billion, a P/E ratio of 15.06, a P/E/G ratio of 2.12 and a beta of 1.23. The company has a current ratio of 2.50, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data 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 business had revenue of $699.00 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS. On average, equities research analysts forecast that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Announces Dividend

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

Wall Street Analyst Weigh In

KTB has been the subject of a number of analyst reports. Barclays cut 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. UBS Group decreased their target price 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. Finally, Wells Fargo & Company dropped their price target on Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Kontoor Brands presently has an average rating of “Moderate Buy” and an average 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.