Creative Planning Has $302,000 Stock Position in Kontoor Brands (NYSE:KTB)

Creative Planning reduced its stake in Kontoor Brands (NYSE:KTB) by 11.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,191 shares of the company’s stock after selling 893 shares during the period. Creative Planning’s holdings in Kontoor Brands were worth $302,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Kontoor Brands by 14.9% in the fourth quarter. Russell Investments Group Ltd. now owns 390,140 shares of the company’s stock valued at $16,381,000 after buying an additional 50,635 shares during the period. Ancora Advisors LLC lifted its stake in Kontoor Brands by 140.4% in the third quarter. Ancora Advisors LLC now owns 241,631 shares of the company’s stock valued at $8,481,000 after buying an additional 141,137 shares during the period. AMG National Trust Bank lifted its stake in Kontoor Brands by 5.0% in the third quarter. AMG National Trust Bank now owns 212,824 shares of the company’s stock valued at $7,470,000 after buying an additional 10,153 shares during the period. Keeley Teton Advisors LLC lifted its stake in Kontoor Brands by 12.2% in the third quarter. Keeley Teton Advisors LLC now owns 185,448 shares of the company’s stock valued at $6,509,000 after buying an additional 20,109 shares during the period. Finally, M&G Investment Management Ltd. acquired a new position in Kontoor Brands in the fourth quarter valued at approximately $7,653,000.

Shares of NYSE:KTB opened at $40.91 on Friday. The company has a quick ratio of 1.07, a current ratio of 2.47 and a debt-to-equity ratio of 18.80. Kontoor Brands has a twelve month low of $25.78 and a twelve month high of $43.24. The stock’s 50 day moving average is $41.03 and its 200-day moving average is $36.97.

Several equities analysts have issued reports on the company. Macquarie assumed coverage on Kontoor Brands in a research note on Monday, October 21st. They issued a “neutral” rating on the stock. Odeon Capital Group assumed coverage on Kontoor Brands in a research note on Thursday, January 23rd. They issued a “buy” rating and a $46.00 price target on the stock. Edward Jones raised Kontoor Brands from a “hold” rating to a “buy” rating in a research note on Monday, December 2nd. Barclays initiated coverage on Kontoor Brands in a research note on Tuesday, November 12th. They issued an “equal weight” rating and a $35.00 price target on the stock. Finally, Zacks Investment Research raised Kontoor Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.39.

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

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