BlackRock Inc. Takes $674.66 Million Position in Kontoor Brands, Inc. $KTB

Key Points

• BlackRock acquired 8.1 million Kontoor Brands shares worth approximately $674.7 million, giving it a 14.65% stake. Institutional investors and hedge funds collectively own 93.06% of KTB.
• Kontoor reported quarterly EPS of $1.06, slightly exceeding estimates, while revenue fell 11.2% year over year to $584.3 million. The company reaffirmed fiscal 2026 EPS guidance of $5.25–$5.35.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $95 price target versus the stock’s $82.03 opening price. Kontoor also announced a quarterly dividend of $0.53 per share, yielding about 2.6% annually.

BlackRock Inc. purchased a new position in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,095,318 shares of the company's stock, valued at approximately $674,664,000. BlackRock Inc. owned 14.65% of Kontoor Brands at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS Group AG increased its holdings in Kontoor Brands by 3.8% in the 4th quarter. UBS Group AG now owns 551,758 shares of the company's stock valued at $33,707,000 after purchasing an additional 20,270 shares during the last quarter. AMG National Trust Bank raised its holdings in shares of Kontoor Brands by 19.9% in the 4th quarter. AMG National Trust Bank now owns 162,657 shares of the company's stock valued at $9,937,000 after buying an additional 27,044 shares during the period. Jennison Associates LLC lifted its stake in Kontoor Brands by 8.9% during the 4th quarter. Jennison Associates LLC now owns 1,214,831 shares of the company's stock worth $74,214,000 after acquiring an additional 99,593 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Kontoor Brands during the 1st quarter worth about $1,918,000. Finally, Fifth Third Bancorp grew its position in Kontoor Brands by 5,635.9% in the 1st quarter. Fifth Third Bancorp now owns 82,826 shares of the company's stock valued at $5,822,000 after acquiring an additional 81,382 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Kontoor Brands Trading Up 0.0%

Shares of Kontoor Brands stock opened at $82.03 on Monday. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 1.82. The company has a fifty day simple moving average of $82.51 and a 200-day simple moving average of $74.55. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 17.13 and a beta of 0.88. Kontoor Brands, Inc. has a 12-month low of $56.19 and a 12-month high of $88.96.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.05 by $0.01. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The firm had revenue of $584.29 million for the quarter, compared to analyst estimates of $586.95 million. During the same period last year, the business earned $1.33 EPS. Kontoor Brands's revenue for the quarter was down 11.2% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. On average, equities analysts forecast that Kontoor Brands, Inc. will post 5.27 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 18th. Shareholders of record on Tuesday, September 8th will be paid a $0.53 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. Kontoor Brands's payout ratio is currently 44.26%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KTB shares. UBS Group increased their target price on shares of Kontoor Brands from $131.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. 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. Barclays upped their price objective on Kontoor Brands from $96.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. increased their price objective on Kontoor Brands from $90.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings raised Kontoor Brands from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $95.00.

Insider Activity at Kontoor Brands

In other Kontoor Brands news, EVP Jennifer H. Broyles sold 4,000 shares of Kontoor Brands stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $81.02, for a total value of $324,080.00. Following the transaction, the executive vice president directly owned 40,261 shares in the company, valued at approximately $3,261,946.22. This trade represents a 9.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott H. Baxter sold 184,403 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $83.40, for a total value of $15,379,210.20. Following the completion of the transaction, the chief executive officer directly owned 261,786 shares in the company, valued at approximately $21,832,952.40. The trade was a 41.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 196,063 shares of company stock worth $16,342,364 in the last quarter. Company insiders own 1.80% of the company's stock.

Kontoor Brands 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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