Kontoor Brands, Inc. $KTB Shares Purchased by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. has significantly increased its position in Kontoor Brands, Inc. by 694.3% during the first quarter, acquiring an additional 153,754 shares, now owning 175,900 shares valued at approximately $11.3 million.
• Analyst ratings have generally improved for Kontoor Brands, with UBS raising its price target to $99.00 and several other firms also increasing their targets, leading to a consensus rating of "Moderate Buy."
• Kontoor Brands recently declared a quarterly dividend of $0.52 per share, representing an annualized yield of 2.7% and a payout ratio of 46.43%.

Nomura Holdings Inc. increased its stake in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 694.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,900 shares of the company's stock after buying an additional 153,754 shares during the period. Nomura Holdings Inc. owned about 0.32% of Kontoor Brands worth $11,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KTB. Nuveen LLC acquired a new position in Kontoor Brands in the first quarter valued at $19,837,000. Man Group plc raised its stake in shares of Kontoor Brands by 119.1% in the 4th quarter. Man Group plc now owns 466,065 shares of the company's stock valued at $39,807,000 after acquiring an additional 253,360 shares during the period. Wellington Management Group LLP raised its stake in shares of Kontoor Brands by 135.4% in the 1st quarter. Wellington Management Group LLP now owns 440,135 shares of the company's stock valued at $28,226,000 after acquiring an additional 253,140 shares during the period. MetLife Investment Management LLC raised its stake in shares of Kontoor Brands by 639.3% in the 1st quarter. MetLife Investment Management LLC now owns 242,915 shares of the company's stock valued at $15,578,000 after acquiring an additional 210,059 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Kontoor Brands by 64.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 396,553 shares of the company's stock valued at $25,431,000 after acquiring an additional 154,753 shares during the period. Institutional investors and hedge funds own 93.06% of the company's stock.

Kontoor Brands Stock Performance

KTB stock traded down $0.30 during midday trading on Friday, reaching $80.11. The company had a trading volume of 516,826 shares, compared to its average volume of 731,399. 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 stock has a 50 day moving average price of $68.38 and a 200 day moving average price of $66.37. Kontoor Brands, Inc. has a fifty-two week low of $50.00 and a fifty-two week high of $96.80. The firm has a market capitalization of $4.45 billion, a PE ratio of 17.88, a P/E/G ratio of 1.82 and a beta of 1.10.

Kontoor Brands (NYSE:KTB - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.35. The company had revenue of $658.26 million during 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%.Kontoor Brands's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. Analysts anticipate that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Tuesday, September 9th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 9th. Kontoor Brands's payout ratio is presently 46.43%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. 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. Wells Fargo & Company raised their target price 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. Barclays reaffirmed an "overweight" rating and set a $91.00 target price (up from $86.00) on shares of Kontoor Brands in a research report on Friday, August 8th. Stifel Nicolaus raised their price objective 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, UBS Group raised 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. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Kontoor Brands currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.67.

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.