Capital Fund Management S.A. Increases Stock Position in Kontoor Brands, Inc. $KTB

Key Points

• Capital Fund Management S.A. increased its stake in Kontoor Brands by 71%, owning 85,449 shares worth approximately $5.48 million after acquiring additional shares in Q1.
• Kontoor Brands reported a net margin of 9.48% and earnings per share (EPS) of $1.21 for the last quarter, exceeding analyst expectations.
• The company declared a quarterly dividend of $0.52 per share, with an annualized yield of 2.7%, scheduled for payment on September 19th.

Capital Fund Management S.A. raised its stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 71.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,449 shares of the company's stock after buying an additional 35,479 shares during the period. Capital Fund Management S.A. owned about 0.15% of Kontoor Brands worth $5,480,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CX Institutional bought a new position in shares of Kontoor Brands in the 1st quarter worth $32,000. Versant Capital Management Inc increased its holdings in shares of Kontoor Brands by 46.7% in the 1st quarter. Versant Capital Management Inc now owns 650 shares of the company's stock worth $42,000 after buying an additional 207 shares during the last quarter. Quarry LP increased its holdings in shares of Kontoor Brands by 161.3% in the 4th quarter. Quarry LP now owns 729 shares of the company's stock worth $62,000 after buying an additional 450 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Kontoor Brands by 23.4% in the 1st quarter. Blue Trust Inc. now owns 1,446 shares of the company's stock worth $93,000 after buying an additional 274 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Kontoor Brands in the 4th quarter worth $98,000. Institutional investors own 93.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KTB. Stifel Nicolaus increased their price target on shares of Kontoor Brands from $72.00 to $73.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Wells Fargo & Company increased their price target on shares of Kontoor Brands from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. The Goldman Sachs Group set a $85.00 price objective on shares of Kontoor Brands and gave the company a "buy" rating in a research note on Tuesday, June 10th. UBS Group upped their price objective on shares of Kontoor Brands from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Wall Street Zen raised shares of Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.67.

Kontoor Brands Trading Up 1.8%

KTB traded up $1.38 during trading on Wednesday, hitting $78.00. 256,543 shares of the stock traded hands, compared to its average volume of 735,872. The firm has a market capitalization of $4.33 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.75 and a beta of 1.11. The company has a debt-to-equity ratio of 2.74, a current ratio of 2.18 and a quick ratio of 0.95. The firm has a 50-day moving average of $66.42 and a 200 day moving average of $66.48. Kontoor Brands, Inc. has a 12-month low of $50.00 and a 12-month high of $96.80.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.35. The business had revenue of $658.26 million during the quarter, compared to analysts' expectations of $632.97 million. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. Equities research analysts anticipate that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Tuesday, September 9th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $2.08 annualized dividend and a yield of 2.7%. Kontoor Brands's dividend payout ratio is presently 46.43%.

Kontoor Brands Company Profile

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.