Charles Schwab Investment Management Inc. Decreases Holdings in Kontoor Brands, Inc. $KTB

Charles Schwab Investment Management Inc. lessened its stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 676,619 shares of the company's stock after selling 20,707 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.22% of Kontoor Brands worth $43,392,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Kontoor Brands from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group set a $85.00 price target on shares of Kontoor Brands and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Barclays reiterated an "overweight" rating and set a $91.00 price target (up previously from $86.00) on shares of Kontoor Brands in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, Stifel Nicolaus lifted their target price on shares of Kontoor Brands from $72.00 to $73.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Kontoor Brands currently has an average rating of "Moderate Buy" and a consensus price target of $89.67.

Kontoor Brands Price Performance

Shares of KTB traded up $4.88 during trading hours on Friday, reaching $76.87. 137,039 shares of the stock traded hands, compared to its average volume of 737,275. 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, Inc. has a 52-week low of $50.00 and a 52-week high of $96.80. The company's 50-day moving average price is $65.61 and its two-hundred day moving average price is $66.85. The company has a market cap of $4.27 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.86 by $0.35. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. The business had revenue of $658.26 million for the quarter, compared to analysts' expectations of $632.97 million. During the same quarter in the previous year, the company earned $0.98 EPS. The business's quarterly revenue 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. On average, analysts anticipate that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Tuesday, September 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend 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

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.