Capital Fund Management S.A. Boosts Stock Holdings 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. increased its position in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 71.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,449 shares of the company's stock after acquiring an additional 35,479 shares during the period. Capital Fund Management S.A. owned approximately 0.15% of Kontoor Brands worth $5,480,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in shares of Kontoor Brands by 2.9% in the first quarter. Hsbc Holdings PLC now owns 8,945 shares of the company's stock worth $570,000 after buying an additional 252 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Kontoor Brands by 5.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,091,445 shares of the company's stock valued at $69,994,000 after buying an additional 53,992 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Kontoor Brands by 135.4% during the 1st quarter. Wellington Management Group LLP now owns 440,135 shares of the company's stock worth $28,226,000 after acquiring an additional 253,140 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Kontoor Brands by 1.0% during the 1st quarter. Northern Trust Corp now owns 1,134,524 shares of the company's stock valued at $72,757,000 after acquiring an additional 10,847 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Kontoor Brands by 20.3% in the 1st quarter. Raymond James Financial Inc. now owns 88,953 shares of the company's stock valued at $5,705,000 after acquiring an additional 15,022 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KTB has been the topic of several research analyst reports. UBS Group raised their price target on shares of Kontoor Brands from $92.00 to $99.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Barclays reaffirmed an "overweight" rating and issued a $91.00 price target (up previously from $86.00) on shares of Kontoor Brands in a research note on Friday, August 8th. Wells Fargo & Company increased their price objective on Kontoor Brands from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. The Goldman Sachs Group set a $85.00 target price on Kontoor Brands and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Stifel Nicolaus raised their price objective on Kontoor Brands from $72.00 to $73.00 and gave the company a "hold" rating in a 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. According to MarketBeat.com, Kontoor Brands currently has a consensus rating of "Moderate Buy" and an average target price of $89.67.

Kontoor Brands Stock Down 1.4%

NYSE KTB traded down $1.10 during mid-day trading on Thursday, hitting $76.86. The company's stock had a trading volume of 87,313 shares, compared to its average volume of 734,072. Kontoor Brands, Inc. has a twelve month low of $50.00 and a twelve month high of $96.80. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.76 and a beta of 1.11. The company's 50 day simple moving average is $66.69 and its 200 day simple moving average is $66.56. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 2.74.

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 for the quarter, beating the consensus estimate of $0.86 by $0.35. The business had revenue of $658.26 million for the quarter, compared to analysts' expectations of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The business's revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $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. Analysts anticipate that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders 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 dividend yield of 2.7%. The ex-dividend date is Tuesday, September 9th. Kontoor Brands's 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.