Deutsche Bank AG Makes New Investment in Kontoor Brands, Inc. $KTB

Key Points

• Deutsche Bank initiated a position in Kontoor Brands by purchasing 78,672 shares worth approximately $6.6 million, while institutional investors and hedge funds collectively own 93.06% of the company.
• Kontoor Brands reported quarterly EPS of $1.06, slightly exceeding estimates, but revenue fell 11.2% year over year to $584.29 million. The company maintains fiscal 2026 EPS guidance of $5.25–$5.35.
• The company declared a quarterly dividend of $0.53 per share, representing a 2.6% annualized yield, while analysts maintain a “Moderate Buy” consensus and an average price target of $95.

Deutsche Bank AG bought a new stake in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 78,672 shares of the company's stock, valued at approximately $6,557,000. Deutsche Bank AG owned about 0.14% of Kontoor Brands at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in Kontoor Brands during the 4th quarter valued at approximately $36,185,000. Boston Partners acquired a new stake in Kontoor Brands in the third quarter worth $44,733,000. Bank of New York Mellon Corp acquired a new stake in Kontoor Brands in the second quarter worth $45,003,000. JPMorgan Chase & Co. lifted its stake in Kontoor Brands by 15.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,019,204 shares of the company's stock valued at $184,443,000 after buying an additional 413,005 shares during the last quarter. Finally, Amundi bought a new stake in Kontoor Brands in the third quarter valued at $24,653,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Kontoor Brands Stock Up 1.1%

KTB stock opened at $82.93 on Tuesday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 0.99. The firm has a market capitalization of $4.53 billion, a P/E ratio of 17.31 and a beta of 0.88. Kontoor Brands, Inc. has a 52-week low of $56.19 and a 52-week high of $88.96. The company's 50 day simple moving average is $82.59 and its 200-day simple moving average is $74.69.

Kontoor Brands (NYSE:KTB - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.01. The firm had revenue of $584.29 million for the quarter, compared to analysts' expectations of $586.95 million. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The company's quarterly revenue was down 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. As a group, equities research analysts anticipate that Kontoor Brands, Inc. will post 5.27 EPS for the current year.

Kontoor Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be issued a $0.53 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.6%. Kontoor Brands's dividend payout ratio is currently 44.26%.

Insider Transactions at Kontoor Brands

In related news, EVP Jennifer H. Broyles sold 4,000 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $81.02, for a total transaction of $324,080.00. Following the transaction, the executive vice president directly owned 40,261 shares of the company's stock, valued at approximately $3,261,946.22. The trade was a 9.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $83.43, for a total transaction of $639,073.80. Following the completion of the sale, the executive vice president owned 25,063 shares of the company's stock, valued at approximately $2,091,006.09. The trade was a 23.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 196,063 shares of company stock valued at $16,342,364 over the last three months. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Kontoor Brands from $96.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. JPMorgan Chase & Co. upped their target price on shares of Kontoor Brands from $90.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. Wall Street Zen downgraded Kontoor Brands from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 9th. UBS Group raised their target price on Kontoor Brands from $131.00 to $136.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, Wells Fargo & Company increased their price target on Kontoor Brands from $100.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $95.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source