Kontoor Brands, Inc. $KTB Shares Bought by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Kontoor Brands, Inc. by 5.2%, owning approximately 1.96% of the company, valued at about $69.99 million as of its latest SEC filing.
• Several analysts have upgraded their ratings on Kontoor Brands, with a consensus "Buy" rating and a price target of $89.67, reflecting positive market sentiment.
• Kontoor Brands reported a net income of $1.21 earnings per share for the last quarter, surpassing analyst expectations and marking an 8.5% increase in year-over-year revenue.

Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 5.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,091,445 shares of the company's stock after purchasing an additional 53,992 shares during the period. Fuller & Thaler Asset Management Inc. owned about 1.96% of Kontoor Brands worth $69,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in shares of Kontoor Brands by 11.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,355,286 shares of the company's stock valued at $115,755,000 after buying an additional 142,956 shares during the period. Dimensional Fund Advisors LP raised its position in Kontoor Brands by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,267,431 shares of the company's stock valued at $108,252,000 after acquiring an additional 5,207 shares in the last quarter. Northern Trust Corp lifted its holdings in Kontoor Brands by 1.0% in the first quarter. Northern Trust Corp now owns 1,134,524 shares of the company's stock valued at $72,757,000 after acquiring an additional 10,847 shares during the period. First Trust Advisors LP lifted its holdings in Kontoor Brands by 15.5% in the fourth quarter. First Trust Advisors LP now owns 1,043,684 shares of the company's stock valued at $89,141,000 after acquiring an additional 140,068 shares during the period. Finally, Jennison Associates LLC boosted its position in Kontoor Brands by 10.7% in the 1st quarter. Jennison Associates LLC now owns 876,666 shares of the company's stock worth $56,221,000 after purchasing an additional 84,588 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KTB. UBS Group lifted their target price on shares of Kontoor Brands from $92.00 to $99.00 and gave the company a "buy" rating in a report on Friday, August 8th. Wall Street Zen raised shares of Kontoor Brands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. The Goldman Sachs Group set a $85.00 target price on shares of Kontoor Brands and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Barclays restated 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. Finally, Wells Fargo & Company upped their price target on Kontoor Brands from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Kontoor Brands has a consensus rating of "Moderate Buy" and a consensus target price of $89.67.

Kontoor Brands Price Performance

Shares of KTB stock traded up $5.3220 on Friday, reaching $77.3120. 708,203 shares of the company were exchanged, compared to its average volume of 926,035. 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 business has a 50-day moving average price of $65.92 and a 200 day moving average price of $66.77. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 1.65 and a beta of 1.11.

Kontoor Brands (NYSE:KTB - Get Free Report) last issued its quarterly 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 period last year, the company posted $0.98 EPS. Kontoor Brands'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 research analysts forecast that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Announces Dividend

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 dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 9th. Kontoor Brands's payout ratio is presently 46.43%.

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.