Kontoor Brands, Inc. (NYSE:KTB) Stock Holdings Boosted by Vest Financial LLC

Vest Financial LLC lifted its position in Kontoor Brands, Inc. (NYSE:KTB) by 47.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,252 shares of the company’s stock after buying an additional 9,121 shares during the quarter. Vest Financial LLC’s holdings in Kontoor Brands were worth $2,413,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings 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 holdings in shares of 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 purchasing an additional 182 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Kontoor Brands by 7.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 2,956 shares of the company’s stock valued at $252,000 after purchasing an additional 197 shares during the last quarter. UMB Bank n.a. grew 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 buying an additional 210 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Kontoor Brands by 242.5% in the third quarter. Farther Finance Advisors LLC now owns 387 shares of the company’s stock valued at $32,000 after buying an additional 274 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Trading Down 2.1 %

Kontoor Brands stock opened at $85.93 on Friday. Kontoor Brands, Inc. has a 12 month low of $52.95 and a 12 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 $4.74 billion, a P/E ratio of 19.35, a P/E/G ratio of 2.08 and a beta of 1.19. The company’s fifty day simple moving average is $88.26 and its 200-day simple moving average is $81.80.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Guggenheim lifted their target price on Kontoor Brands from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company lifted their price target on Kontoor Brands from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group upped their price objective on shares of Kontoor Brands from $103.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays boosted their price target on shares of Kontoor Brands from $83.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus downgraded shares of Kontoor Brands from a “buy” rating to a “hold” rating and boosted their target price for the company from $89.00 to $93.00 in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

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.