Mutual of America Capital Management LLC Has $283,000 Holdings in Kontoor Brands, Inc. (NYSE:KTB)

Mutual of America Capital Management LLC lifted its holdings in Kontoor Brands, Inc. (NYSE:KTBGet Rating) by 5.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,855 shares of the company’s stock after acquiring an additional 355 shares during the period. Mutual of America Capital Management LLC’s holdings in Kontoor Brands were worth $283,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in Kontoor Brands by 552.5% during the first quarter. Parallel Advisors LLC now owns 659 shares of the company’s stock worth $28,000 after buying an additional 558 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Kontoor Brands by 81.7% during the first quarter. Jones Financial Companies Lllp now owns 1,161 shares of the company’s stock worth $48,000 after buying an additional 522 shares in the last quarter. Toth Financial Advisory Corp grew its stake in Kontoor Brands by 1,387.1% during the first quarter. Toth Financial Advisory Corp now owns 2,305 shares of the company’s stock worth $95,000 after buying an additional 2,150 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in Kontoor Brands by 14.1% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,717 shares of the company’s stock worth $293,000 after buying an additional 707 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kontoor Brands by 16.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,513 shares of the company’s stock worth $334,000 after buying an additional 943 shares in the last quarter. 99.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on KTB. TheStreet upgraded shares of Kontoor Brands from a “c” rating to a “b” rating in a research note on Friday, May 13th. William Blair cut shares of Kontoor Brands to a “hold” rating and set a $43.00 target price for the company. in a report on Monday, July 25th. Williams Capital reissued a “downgrade” rating on shares of Kontoor Brands in a report on Monday, July 25th. The Goldman Sachs Group dropped their target price on shares of Kontoor Brands from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, July 21st. Finally, Barclays cut shares of Kontoor Brands from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $53.00 to $40.00 in a report on Wednesday, June 8th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.83.

Kontoor Brands Stock Up 1.5 %

Shares of NYSE KTB opened at $37.04 on Tuesday. The company has a 50 day simple moving average of $35.75 and a 200 day simple moving average of $41.22. The firm has a market cap of $2.08 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 1.04 and a beta of 1.14. Kontoor Brands, Inc. has a 1 year low of $30.98 and a 1 year high of $61.24. The company has a debt-to-equity ratio of 4.29, a current ratio of 2.01 and a quick ratio of 1.12.

Kontoor Brands (NYSE:KTBGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. The business had revenue of $679.70 million during the quarter, compared to analyst estimates of $655.65 million. Kontoor Brands had a net margin of 8.46% and a return on equity of 138.25%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $1.43 EPS. On average, research analysts forecast that Kontoor Brands, Inc. will post 4.38 EPS for the current year.

Kontoor Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Investors of record on Friday, September 9th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.84 dividend on an annualized basis and a yield of 4.97%. Kontoor Brands’s dividend payout ratio (DPR) is presently 50.83%.

About Kontoor Brands

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Kontoor Brands, Inc, a lifestyle apparel company, designs, manufactures, procures, markets, and distributes denim, apparel, and accessories under the Wrangler, Lee, and Rock & Republic brands in the United States and internationally. It operates through two segments, Wrangler and Lee. The company sells its products primarily through mass merchants, specialty stores, mid-tier and traditional department stores, company-operated stores, and online.

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Institutional Ownership by Quarter for Kontoor Brands (NYSE:KTB)

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