44,236 Shares in Kontoor Brands, Inc. $KTB Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP purchased 44,236 shares of Kontoor Brands in the second quarter, valued at approximately $3.7 million. Institutional investors collectively own 93.06% of the company.
• Kontoor Brands reported quarterly EPS of $1.06, slightly exceeding estimates, but revenue fell 11.2% year over year to $584.3 million. The company declared a quarterly dividend of $0.53 per share, representing a 2.9% annualized yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $95 price target versus the stock’s reported $74.30 price. However, insiders sold roughly 196,000 shares worth $16.3 million during the quarter.

Corient Private Wealth LP purchased a new stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 44,236 shares of the company's stock, valued at approximately $3,686,000. Corient Private Wealth LP owned approximately 0.08% of Kontoor Brands at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC boosted its position in shares of Kontoor Brands by 335.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company's stock worth $25,000 after buying an additional 312 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Kontoor Brands during the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. raised its holdings in shares of Kontoor Brands by 196.2% during the 4th quarter. Hantz Financial Services Inc. now owns 551 shares of the company's stock valued at $34,000 after buying an additional 365 shares during the period. CENTRAL TRUST Co acquired a new position in Kontoor Brands during the 1st quarter worth approximately $35,000. Finally, Bell Investment Advisors Inc acquired a new position in Kontoor Brands during the 2nd quarter worth approximately $42,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

Kontoor Brands Trading Down 1.5%

NYSE:KTB opened at $74.30 on Wednesday. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 15.51 and a beta of 0.87. Kontoor Brands, Inc. has a one year low of $56.19 and a one year high of $88.96. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.99 and a current ratio of 1.83. The business's 50-day simple moving average is $82.56 and its 200 day simple moving average is $75.12.

Kontoor Brands (NYSE:KTB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.01. Kontoor Brands had a return on equity of 59.71% and a net margin of 8.21%.The firm had revenue of $584.29 million during the quarter, compared to analyst estimates of $586.95 million. During the same quarter last year, the firm earned $1.33 EPS. Kontoor Brands's quarterly revenue was down 11.2% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. As a group, sell-side analysts predict that Kontoor Brands, Inc. will post 5.27 earnings per share for the current fiscal year.

Kontoor Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.9%. Kontoor Brands's dividend payout ratio (DPR) is presently 44.26%.

Insider Buying and Selling

In other Kontoor Brands news, EVP Jennifer H. Broyles sold 4,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $81.02, for a total transaction of $324,080.00. Following the transaction, the executive vice president directly owned 40,261 shares in the company, valued at $3,261,946.22. This represents a 9.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $83.43, for a total transaction of $639,073.80. Following the transaction, the executive vice president directly owned 25,063 shares of the company's stock, valued at approximately $2,091,006.09. This represents a 23.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 196,063 shares of company stock worth $16,342,364. Insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on KTB shares. Wells Fargo & Company increased their price objective on shares of Kontoor Brands from $100.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. BTIG Research boosted their target price on shares of Kontoor Brands from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Wall Street Zen downgraded shares of Kontoor Brands from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of Kontoor Brands from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 19th. Finally, Zacks Research raised shares of Kontoor Brands from a "strong sell" rating to a "hold" rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.00.

Kontoor Brands Company Profile

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.

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.

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