11,100 Shares in Kontoor Brands (NYSE:KTB) Bought by Bailard Inc.

Bailard Inc. bought a new position in shares of Kontoor Brands (NYSE:KTB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,100 shares of the company’s stock, valued at approximately $390,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Kontoor Brands in the second quarter valued at $189,676,000. Vanguard Group Inc. bought a new position in shares of Kontoor Brands in the second quarter valued at $137,562,000. Holocene Advisors LP bought a new position in shares of Kontoor Brands in the second quarter valued at $30,144,000. Wells Fargo & Company MN bought a new position in shares of Kontoor Brands in the second quarter valued at $26,434,000. Finally, Alecta Pensionsforsakring Omsesidigt bought a new position in shares of Kontoor Brands in the second quarter valued at $16,172,000.

In other news, Director Richard Carucci bought 5,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was bought at an average price of $33.15 per share, for a total transaction of $165,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Juliana L. Chugg bought 8,400 shares of the stock in a transaction dated Thursday, August 15th. The stock was purchased at an average price of $29.96 per share, with a total value of $251,664.00. The disclosure for this purchase can be found here.

Shares of KTB stock opened at $40.14 on Wednesday. The firm has a 50-day moving average price of $35.45. The company has a debt-to-equity ratio of 12.64, a current ratio of 2.49 and a quick ratio of 1.07. Kontoor Brands has a one year low of $25.78 and a one year high of $41.75.

Kontoor Brands (NYSE:KTB) last announced its earnings results on Thursday, August 8th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.29. The firm had revenue of $609.74 million during the quarter, compared to analysts’ expectations of $591.36 million. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. On average, equities research analysts anticipate that Kontoor Brands will post 3.79 earnings per share for the current fiscal year.

A number of research analysts have weighed in on KTB shares. Guggenheim reaffirmed a “buy” rating on shares of Kontoor Brands in a research note on Thursday, August 22nd. Macquarie began coverage on shares of Kontoor Brands in a research note on Monday. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded shares of Kontoor Brands from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Bank of America increased their target price on shares of Kontoor Brands from $24.00 to $28.00 and gave the company an “underperform” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $31.36.

Read More: Asset Allocation

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

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