Choreo LLC Sells 2,016 Shares of Kontoor Brands, Inc. (NYSE:KTB)

Choreo LLC reduced its position in Kontoor Brands, Inc. (NYSE:KTB) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,411 shares of the company’s stock after selling 2,016 shares during the quarter. Choreo LLC’s holdings in Kontoor Brands were worth $887,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its stake in shares of Kontoor Brands by 3.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 4,775 shares of the company’s stock valued at $408,000 after buying an additional 141 shares in the last quarter. GAMMA Investing LLC raised its position in Kontoor Brands by 26.0% in the fourth 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 worth $252,000 after purchasing an additional 197 shares during the period. UMB Bank n.a. lifted its stake in Kontoor Brands by 0.4% during the fourth quarter. UMB Bank n.a. now owns 51,305 shares of the company’s stock worth $4,382,000 after purchasing an additional 210 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Kontoor Brands by 242.5% during the third quarter. Farther Finance Advisors LLC now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 274 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Stock Performance

Shares of NYSE:KTB opened at $85.93 on Monday. The business has a fifty day moving average of $88.26 and a 200-day moving average of $81.89. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50. Kontoor Brands, Inc. has a twelve month low of $52.95 and a twelve month high of $96.80. The firm has a market cap of $4.74 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19.

Analyst Upgrades and Downgrades

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

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.