Financial Advisory Partners LLC Acquires New Position in Kontoor Brands, Inc. $KTB

Key Points

• Financial Advisory Partners LLC has acquired a new stake in Kontoor Brands, Inc., buying 8,814 shares valued at approximately $581,000 during the 2nd quarter.
• Kontoor Brands recently reported a quarterly earnings per share (EPS) of $1.21, surpassing analysts' expectations of $0.86 and achieving a revenue of $658.26 million, up 8.5% from the previous year.
• The company has announced a quarterly dividend of $0.52 per share, representing an annualized dividend of $2.08 and a yield of 2.6%.

Financial Advisory Partners LLC bought a new stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,814 shares of the company's stock, valued at approximately $581,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KTB. CX Institutional acquired a new position in Kontoor Brands in the 1st quarter valued at about $32,000. Versant Capital Management Inc boosted its holdings in Kontoor Brands by 46.7% in the 1st quarter. Versant Capital Management Inc now owns 650 shares of the company's stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. Blue Trust Inc. boosted its holdings in Kontoor Brands by 23.4% in the 1st quarter. Blue Trust Inc. now owns 1,446 shares of the company's stock valued at $93,000 after purchasing an additional 274 shares during the last quarter. SVB Wealth LLC acquired a new position in Kontoor Brands in the 1st quarter valued at about $94,000. Finally, Advisors Asset Management Inc. boosted its holdings in Kontoor Brands by 240.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,745 shares of the company's stock valued at $112,000 after purchasing an additional 1,233 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Kontoor Brands Trading Down 1.7%

Shares of NYSE:KTB opened at $80.62 on Monday. 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 is $70.76 and its two-hundred day moving average is $66.77. 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 company has a market cap of $4.48 billion, a PE ratio of 18.00, a P/E/G ratio of 1.84 and a beta of 1.10.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.35. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. The company had revenue of $658.26 million for the quarter, compared to the consensus estimate of $632.97 million. During the same period in the prior year, the firm posted $0.98 EPS. The company'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. Equities analysts predict that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Kontoor Brands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Barclays restated an "overweight" rating and issued a $91.00 price objective (up from $86.00) on shares of Kontoor Brands in a report on Friday, August 8th. The Goldman Sachs Group set a $85.00 price objective on shares of Kontoor Brands and gave the stock a "buy" rating in a report on Tuesday, June 10th. UBS Group upped their price objective on shares of Kontoor Brands from $92.00 to $99.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company upped their price objective on shares of Kontoor Brands from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, September 11th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.33.

Kontoor Brands 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.

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