Deutsche Bank AG Acquires 12,567 Shares of Kontoor Brands, Inc. $KTB

Deutsche Bank AG lifted its holdings in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 24.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 63,986 shares of the company's stock after purchasing an additional 12,567 shares during the period. Deutsche Bank AG owned 0.12% of Kontoor Brands worth $4,103,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of Kontoor Brands by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 597,638 shares of the company's stock valued at $38,327,000 after acquiring an additional 10,748 shares during the period. Moran Wealth Management LLC acquired a new position in shares of Kontoor Brands during the first quarter valued at $2,685,000. GAMMA Investing LLC lifted its stake in shares of Kontoor Brands by 4,248.1% during the first quarter. GAMMA Investing LLC now owns 38,350 shares of the company's stock valued at $2,459,000 after acquiring an additional 37,468 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Kontoor Brands by 14.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,908 shares of the company's stock valued at $315,000 after acquiring an additional 611 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Kontoor Brands by 129.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 36,580 shares of the company's stock valued at $2,347,000 after acquiring an additional 20,625 shares during the period. Institutional investors own 93.06% of the company's stock.

Analysts Set New Price Targets

KTB has been the topic of several analyst reports. UBS Group increased their target price on Kontoor Brands from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Stifel Nicolaus increased their target price on Kontoor Brands from $72.00 to $73.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Wall Street Zen raised Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. The Goldman Sachs Group set a $85.00 target price on Kontoor Brands and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Barclays reissued an "overweight" rating and issued a $91.00 target price (up previously from $86.00) on shares of Kontoor Brands in a research note on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.67.

Kontoor Brands Stock Up 6.8%

Shares of NYSE KTB traded up $4.88 during mid-day trading on Friday, reaching $76.87. 137,039 shares of the company's stock were exchanged, compared to its average volume of 737,275. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.65 and a beta of 1.11. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 2.74. The business has a fifty day simple moving average of $65.61 and a 200 day simple moving average of $66.85. Kontoor Brands, Inc. has a twelve month low of $50.00 and a twelve month high of $96.80.

Kontoor Brands (NYSE:KTB - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.86 by $0.35. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The firm 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 business posted $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. As a group, equities analysts expect that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Tuesday, September 9th will be paid 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 (DPR) is currently 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.