<div id="readability-page-1"><p>Massachusetts Wealth Management boosted its stake in  Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 592.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 27,410 shares of the company's stock after purchasing an additional 23,450 shares during the period. Massachusetts Wealth Management's holdings in Kontoor Brands were worth $2,186,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Kontoor Brands</strong> alerts:</span></p></div><ul><li>5 Mid-Caps to Buy Before the Next Broad Market Sell-Off</li></ul><p>A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position in shares of  Kontoor Brands by 73.0% during the third quarter. Harbor Capital Advisors Inc. now owns 308 shares of the company's stock worth $25,000 after buying an additional 130 shares during the period.  CWM LLC lifted its position in shares of  Kontoor Brands by 4.0% during the third quarter. CWM LLC now owns 4,069 shares of the company's stock worth $325,000 after purchasing an additional 157 shares in the last quarter.  Maryland State Retirement &amp; Pension System boosted its stake in shares of  Kontoor Brands by 1.7% in the second quarter. Maryland State Retirement &amp; Pension System now owns 14,696 shares of the company's stock valued at $969,000 after purchasing an additional 250 shares during the period.  Thrivent Financial for Lutherans boosted its stake in shares of  Kontoor Brands by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 36,769 shares of the company's stock valued at $2,426,000 after purchasing an additional 317 shares during the period.  Finally, Yousif Capital Management LLC grew its holdings in shares of  Kontoor Brands by 1.8% in the second quarter. Yousif Capital Management LLC now owns 18,779 shares of the company's stock valued at $1,239,000 after purchasing an additional 331 shares in the last quarter. Hedge funds and other institutional investors own  93.06% of the company's stock. </p><h2>Kontoor Brands Stock Down 1.0%</h2><p>Kontoor Brands stock opened at $61.01 on Thursday. The stock's fifty day moving average is $71.54 and its two-hundred day moving average is $72.25. The stock has a market cap of $3.39 billion, a PE ratio of 15.72 and a beta of 1.18. Kontoor Brands, Inc. has a 1-year low of $50.00 and a 1-year high of $96.80. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.91 and a quick ratio of 0.82. </p><ul><li>Top Three Value Stocks for 2020</li></ul><p>Kontoor Brands (NYSE:KTB - Get Free Report) last announced its quarterly earnings results on Monday, November 3rd. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.35 by $0.09. The company had revenue of $853.22 million for the quarter, compared to analyst estimates of $879.10 million. Kontoor Brands had a net margin of 7.68% and a return on equity of 63.21%. The firm's revenue was up 27.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 earnings per share. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS and its Q4 2025 guidance at 1.640-1.640 EPS.  On average, sell-side analysts expect that  Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year. </p><h2>Kontoor Brands Increases Dividend</h2><p>The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Monday, December 8th were issued a $0.53 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $2.12 dividend on an annualized basis and a yield of 3.5%. This is a boost from Kontoor Brands's previous quarterly dividend of $0.52. Kontoor Brands's dividend payout ratio  is presently 54.64%. </p><h2>Analyst Ratings Changes</h2><p>KTB has been the subject of several recent research reports. Weiss Ratings  reissued a &#34;hold (c)&#34; rating on shares of Kontoor Brands in a research report on Monday. BTIG Research  reiterated a &#34;buy&#34; rating and issued a $95.00 price objective on shares of Kontoor Brands in a research note on Tuesday, November 4th. Baird R W raised Kontoor Brands to a &#34;strong-buy&#34; rating in a research note on Friday, October 17th. Robert W. Baird assumed coverage on Kontoor Brands in a research report on Friday, October 17th. They issued an &#34;outperform&#34; rating and a $105.00 price target on the stock. Finally, Wall Street Zen downgraded Kontoor Brands from a &#34;strong-buy&#34; rating to a &#34;buy&#34; rating in a research report on Saturday, November 8th. One research analyst  has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued  a Hold rating and one  has issued  a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $90.25.</p><p><b>Read Our Latest Research Report on Kontoor Brands</b></p><h2>About Kontoor Brands</h2> (Free Report)<p>Kontoor Brands, Inc is a global apparel company best known for its Wrangler and Lee denim and lifestyle brands. Established as an independent, publicly traded company in May 2019 following a spin-off from VF Corporation, Kontoor leverages a legacy that dates back to 1889 with the founding of Lee and to 1947 with the introduction of the Wrangler brand. The company focuses on designing, manufacturing and distributing premium, casual and workwear apparel, including jeans, pants, shorts, shirts, jackets and complementary accessories. </p><p>Kontoor Brands operates a diversified sales model that combines wholesale partnerships with leading retailers, distribution through e-commerce channels and select direct-to-consumer formats.</p><h2>See Also</h2><ul><li>Five stocks we like better than Kontoor Brands</li><li>The Best $1 You'll Spend This Holiday Season</li><li>Holiday surprise: $1 gets you everything</li><li>America’s “most deplorable” Christmas sale</li><li>Market Panic: Trump Just Dropped a Bomb on Your Stocks</li><li>Your “birthright claim” just got activated</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUtUQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUtUQg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Kontoor Brands Right Now?</h2><p>Before you consider Kontoor Brands, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kontoor Brands wasn't on the list.</p><p>While Kontoor Brands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Massachusetts Wealth Management increased its stake in Kontoor Brands, Inc. (NYSE:KTB) by 592.2% in Q3, owning 27,410 shares after purchasing 23,450 additional shares. Other institutional investors also raised their stakes. Kontoor Brands' stock is currently down 1.0%, trading at $61.01, with a market cap of $3.39 billion. The company reported $1.44 EPS for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.53, up from $0.52. Analysts have mixed ratings on the stock, with price targets ranging from $95.00 to $105.00.</p>

Kontoor Brands, Inc. $KTB Shares Purchased by Massachusetts Wealth Management