Intech Investment Management LLC Has $2.96 Million Holdings in Kontoor Brands, Inc. $KTB

Key Points

• Intech Investment Management LLC increased its holdings in Kontoor Brands by 69.1%, acquiring 18,869 shares during the first quarter, bringing its total to 46,189 shares valued at approximately $2.96 million.
• Several hedge funds have significantly increased their positions in Kontoor Brands, with Nuveen LLC purchasing a new stake valued at $19.8 million and MetLife Investment Management LLC raising its stake by 639.3%.
• Kontoor Brands reported $1.21 EPS for the last quarter, exceeding analysts' expectations of $0.86, and set a FY 2025 guidance at 5.450 EPS.

Intech Investment Management LLC grew its stake in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 69.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,189 shares of the company's stock after acquiring an additional 18,869 shares during the period. Intech Investment Management LLC owned 0.08% of Kontoor Brands worth $2,962,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CX Institutional bought a new position in shares of Kontoor Brands during the first quarter worth approximately $32,000. Versant Capital Management Inc increased its holdings in shares of Kontoor Brands by 46.7% during the first quarter. Versant Capital Management Inc now owns 650 shares of the company's stock worth $42,000 after purchasing an additional 207 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Kontoor Brands during the fourth quarter worth approximately $98,000. Blue Trust Inc. increased its holdings in shares of Kontoor Brands by 23.4% during the first quarter. Blue Trust Inc. now owns 1,446 shares of the company's stock worth $93,000 after purchasing an additional 274 shares during the period. Finally, SVB Wealth LLC bought a new position in shares of Kontoor Brands during the first quarter worth approximately $94,000. 93.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KTB. Stifel Nicolaus raised their target price on shares of Kontoor Brands from $72.00 to $73.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Wells Fargo & Company lifted their price objective on shares of Kontoor Brands from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, September 11th. Barclays reissued an "overweight" rating and issued a $91.00 price objective (up from $86.00) on shares of Kontoor Brands in a research note on Friday, August 8th. UBS Group lifted their price objective on shares of Kontoor Brands from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Wall Street Zen raised shares of Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.33.

Kontoor Brands Price Performance

Kontoor Brands stock traded down $1.39 during mid-day trading on Friday, reaching $80.62. The company had a trading volume of 2,223,014 shares, compared to its average volume of 565,151. Kontoor Brands, Inc. has a fifty-two week low of $50.00 and a fifty-two week high of $96.80. 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 P/E ratio of 18.00, a P/E/G ratio of 1.88 and a beta of 1.10. The business has a fifty day simple moving average of $70.76 and a 200 day simple moving average of $66.70.

Kontoor Brands (NYSE:KTB - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.21 earnings per share 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 firm had revenue of $658.26 million for the quarter, compared to analyst estimates of $632.97 million. During the same quarter last year, the business posted $0.98 earnings per share. The company's quarterly revenue was up 8.5% on a year-over-year basis. 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, equities research analysts predict that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

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 issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 9th. Kontoor Brands's payout ratio is 46.43%.

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.