Fox Run Management L.L.C. purchased a new stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,277 shares of the company's stock, valued at approximately $274,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. CX Institutional acquired a new stake in Kontoor Brands during the first quarter valued at approximately $32,000. Versant Capital Management Inc raised its stake in Kontoor Brands by 46.7% during the first quarter. Versant Capital Management Inc now owns 650 shares of the company's stock valued at $42,000 after buying an additional 207 shares in the last quarter. Quarry LP raised its stake in Kontoor Brands by 161.3% during the fourth quarter. Quarry LP now owns 729 shares of the company's stock valued at $62,000 after buying an additional 450 shares in the last quarter. Blue Trust Inc. raised its stake in Kontoor Brands by 23.4% during the first quarter. Blue Trust Inc. now owns 1,446 shares of the company's stock valued at $93,000 after buying an additional 274 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Kontoor Brands during the fourth quarter valued at approximately $98,000. Hedge funds and other institutional investors own 93.06% of the company's stock.
Analyst Ratings Changes
Several analysts have issued reports on KTB shares. Wells Fargo & Company upped their price objective on Kontoor Brands from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Wall Street Zen upgraded Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Barclays reiterated an "overweight" rating and set a $91.00 price target (up from $86.00) on shares of Kontoor Brands in a research report on Friday, August 8th. The Goldman Sachs Group set a $85.00 price target on Kontoor Brands and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Stifel Nicolaus increased their price target on Kontoor Brands from $72.00 to $73.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $89.67.
Check Out Our Latest Report on Kontoor Brands
Kontoor Brands Stock Performance
KTB stock traded up $5.3220 on Friday, reaching $77.3120. The company's stock had a trading volume of 708,203 shares, compared to its average volume of 926,035. Kontoor Brands, Inc. has a 52 week low of $50.00 and a 52 week high of $96.80. The company has a market capitalization of $4.30 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11. The firm has a fifty day moving average of $65.92 and a two-hundred day moving average of $66.63. The company has a debt-to-equity ratio of 2.74, a current ratio of 2.18 and a quick ratio of 0.95.
Kontoor Brands (NYSE:KTB - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.35. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The business had revenue of $658.26 million during the quarter, compared to analyst estimates of $632.97 million. During the same period in the prior year, the company posted $0.98 EPS. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. As a group, analysts predict that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.
Kontoor Brands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Tuesday, September 9th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 9th. Kontoor Brands's dividend payout ratio is 46.43%.
Kontoor Brands Company Profile
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Free Report)
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.
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