5,832 Shares in Kontoor Brands, Inc. (NYSE:KTB) Purchased by Olympiad Research LP

Olympiad Research LP acquired a new position in Kontoor Brands, Inc. (NYSE:KTB) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 5,832 shares of the company’s stock, valued at approximately $498,000.

Several other large investors also recently bought and sold shares of KTB. HHM Wealth Advisors LLC bought a new stake in Kontoor Brands in the 4th quarter worth about $29,000. Farther Finance Advisors LLC increased its holdings in Kontoor Brands by 242.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 387 shares of the company’s stock worth $32,000 after buying an additional 274 shares in the last quarter. Kennebec Savings Bank bought a new stake in Kontoor Brands in the 3rd quarter worth about $32,000. Fortitude Family Office LLC increased its holdings 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 in the last quarter. Finally, GAMMA Investing LLC increased its holdings in 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 buying an additional 182 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

Kontoor Brands Stock Down 1.7 %

KTB stock opened at $88.01 on Friday. Kontoor Brands, Inc. has a twelve month low of $52.95 and a twelve month high of $96.80. 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 stock has a market cap of $4.85 billion, a P/E ratio of 19.82, a PEG ratio of 2.12 and a beta of 1.19. The business’s 50-day moving average price is $87.12 and its 200-day moving average price is $82.91.

Kontoor Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be given 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 2.36%. Kontoor Brands’s payout ratio is currently 46.85%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KTB shares. UBS Group cut their price target on Kontoor Brands from $112.00 to $108.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Guggenheim boosted their price target on Kontoor Brands from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus downgraded Kontoor Brands from a “buy” rating to a “hold” rating and boosted their price target for the company from $89.00 to $93.00 in a research note on Friday, November 1st. Barclays boosted their price target on Kontoor Brands from $83.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company boosted their price target on Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.33.

About Kontoor Brands

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.