Kontoor Brands, Inc. $KTB Holdings Reduced by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. has reduced its stake in Kontoor Brands, Inc. by 29.8%, owning 32,308 shares worth approximately $2.07 million after selling 13,730 shares.
• Kontoor Brands reported $1.21 EPS for the last quarter, exceeding expectations, with revenues of $658.26 million and a net margin of 9.48%.
• The company declared a $0.52 quarterly dividend with a dividend yield of 2.6%, to be paid on September 19th to investors of record on September 9th.

Baird Financial Group Inc. cut its stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 29.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,308 shares of the company's stock after selling 13,730 shares during the period. Baird Financial Group Inc. owned approximately 0.06% of Kontoor Brands worth $2,072,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. AlphaQuest LLC increased its stake in shares of Kontoor Brands by 2.2% during the first quarter. AlphaQuest LLC now owns 6,673 shares of the company's stock valued at $428,000 after acquiring an additional 143 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Kontoor Brands by 12.7% during the first quarter. TD Private Client Wealth LLC now owns 1,797 shares of the company's stock valued at $115,000 after acquiring an additional 203 shares during the period. Xponance Inc. increased its stake in shares of Kontoor Brands by 5.1% during the first quarter. Xponance Inc. now owns 4,230 shares of the company's stock valued at $271,000 after acquiring an additional 205 shares during the period. Versant Capital Management Inc increased its stake 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 valued at $42,000 after acquiring an additional 207 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of Kontoor Brands by 2.9% during the first quarter. Hsbc Holdings PLC now owns 8,945 shares of the company's stock valued at $570,000 after acquiring an additional 252 shares during the period. Institutional investors and hedge funds own 93.06% of the company's stock.

Kontoor Brands Trading Down 0.4%

Shares of NYSE:KTB opened at $80.11 on Monday. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.84 and a beta of 1.10. Kontoor Brands, Inc. has a 1-year low of $50.00 and a 1-year high of $96.80. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.95 and a current ratio of 2.18. The company has a 50 day moving average price of $68.66 and a 200 day moving average price of $66.01.

Kontoor Brands (NYSE:KTB - Get Free Report) last issued its quarterly 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. The business had revenue of $658.26 million during the quarter, compared to the consensus estimate of $632.97 million. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. The firm's quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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, research analysts anticipate that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Tuesday, September 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 9th. Kontoor Brands's dividend payout ratio is 46.43%.

Analyst Upgrades and Downgrades

KTB has been the topic of a number of research analyst reports. The Goldman Sachs Group set a $85.00 price objective on shares of Kontoor Brands and gave the company a "buy" rating in a research note on Tuesday, June 10th. Wells Fargo & Company raised their price objective on shares of Kontoor Brands from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Wall Street Zen upgraded shares of Kontoor Brands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. 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. Finally, Barclays restated 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.67.

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.

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