EP Wealth Advisors LLC Acquires Shares of 4,767 Kontoor Brands, Inc. $KTB

Key Points

• EP Wealth Advisors LLC acquired a new stake in Kontoor Brands, Inc., purchasing 4,767 shares valued at approximately $306,000 during the first quarter.
• Kontoor Brands recently reported earnings of $1.21 per share, beating expectations, with revenues up by 8.5% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.52 per share, with a yield of 2.6%, set to be paid on September 19th to shareholders of record.

EP Wealth Advisors LLC bought a new stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,767 shares of the company's stock, valued at approximately $306,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CX Institutional purchased a new stake in shares of Kontoor Brands in the first quarter valued at $32,000. Versant Capital Management Inc grew its stake in 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 acquiring an additional 207 shares in the last quarter. Blue Trust Inc. grew its stake in 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 acquiring an additional 274 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Kontoor Brands during the first quarter worth approximately $94,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Kontoor Brands during the fourth quarter valued at approximately $98,000. Hedge funds and other institutional investors own 93.06% of the company's stock.

Kontoor Brands Stock Down 3.6%

Shares of NYSE KTB traded down $3.00 during trading hours on Friday, hitting $81.09. 688,905 shares of the stock were exchanged, compared to its average volume of 578,273. Kontoor Brands, Inc. has a 12 month low of $50.00 and a 12 month high of $96.80. The firm has a fifty day moving average price of $69.63 and a 200-day moving average price of $66.14. The company has a quick ratio of 0.95, a current ratio of 2.18 and a debt-to-equity ratio of 2.74. The company has a market cap of $4.51 billion, a PE ratio of 18.10, a PEG ratio of 1.93 and a beta of 1.10.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.35. The firm had revenue of $658.26 million for the quarter, compared to the consensus estimate of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The firm's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous 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. On average, sell-side analysts expect that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Tuesday, September 9th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. Kontoor Brands's dividend payout ratio (DPR) is currently 46.43%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KTB. Wells Fargo & Company increased their price objective on Kontoor Brands from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday. The Goldman Sachs Group set a $85.00 target price on Kontoor Brands and gave the stock a "buy" rating in a report on Tuesday, June 10th. UBS Group raised their price target on Kontoor Brands from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wall Street Zen upgraded Kontoor Brands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, Barclays reiterated an "overweight" rating and set a $91.00 target price (up from $86.00) on shares of Kontoor Brands in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $91.33.

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.