Kontoor Brands, Inc. $KTB Shares Acquired by Victory Capital Management Inc.

Key Points

• Victory Capital Management increased its stake in Kontoor Brands by 18.1%, acquiring 34,788 shares to hold 227,351 shares (about 0.41%) valued at roughly $18.14 million.
• Kontoor beat last-quarter estimates with EPS of $1.73 versus a $1.65 consensus and revenue of $1.02 billion (up 45.6% YoY), and set FY 2026 guidance at 6.400–6.500 EPS.
• Kontoor declared a $0.53 quarterly dividend (annualized $2.12, yield ~3.1%), while analysts maintain a consensus rating of "Moderate Buy" with an average target of $91.

Victory Capital Management Inc. increased its holdings in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 18.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 227,351 shares of the company's stock after acquiring an additional 34,788 shares during the period. Victory Capital Management Inc. owned approximately 0.41% of Kontoor Brands worth $18,136,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its position in shares of Kontoor Brands by 73.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 308 shares of the company's stock worth $25,000 after purchasing an additional 130 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of Kontoor Brands by 2,538.5% in the 3rd quarter. Clearstead Advisors LLC now owns 343 shares of the company's stock valued at $27,000 after purchasing an additional 330 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in shares of Kontoor Brands by 2,614.3% in the third quarter. Salomon & Ludwin LLC now owns 380 shares of the company's stock valued at $31,000 after purchasing an additional 366 shares during the period. First Horizon Corp purchased a new stake in Kontoor Brands during the third quarter worth about $31,000. Finally, Assetmark Inc. boosted its holdings in Kontoor Brands by 532.3% during the third quarter. Assetmark Inc. now owns 392 shares of the company's stock worth $31,000 after buying an additional 330 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Kontoor Brands Stock Performance

Shares of NYSE KTB opened at $68.08 on Wednesday. The company has a 50-day simple moving average of $64.42 and a 200-day simple moving average of $71.80. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.82 and a quick ratio of 0.87. The company has a market cap of $3.76 billion, a PE ratio of 16.81 and a beta of 1.15. Kontoor Brands, Inc. has a 12 month low of $50.00 and a 12 month high of $87.00.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.08. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $975.78 million. Kontoor Brands had a net margin of 7.22% and a return on equity of 62.02%. The company's quarterly revenue was up 45.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 earnings per share. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. On average, equities analysts anticipate that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be given a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.1%. Kontoor Brands's payout ratio is currently 52.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KTB shares. Barclays increased their target price on shares of Kontoor Brands from $74.00 to $93.00 and gave the company an "overweight" rating in a report on Wednesday, March 4th. Stifel Nicolaus upped their price target on Kontoor Brands from $75.00 to $80.00 and gave the stock a "hold" rating in a report on Tuesday, March 3rd. BNP Paribas Exane set a $50.00 price objective on Kontoor Brands in a research note on Tuesday, December 9th. The Goldman Sachs Group boosted their target price on Kontoor Brands from $84.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, March 4th. Finally, Jefferies Financial Group started coverage on Kontoor Brands in a research report on Wednesday, February 4th. They issued a "hold" rating and a $65.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Kontoor Brands presently has a consensus rating of "Moderate Buy" and an average target price of $91.00.

Kontoor Brands Company Profile

Kontoor Brands, Inc is a global apparel company best known for its Wrangler and Lee denim and lifestyle brands. Established as an independent, publicly traded company in May 2019 following a spin-off from VF Corporation, Kontoor leverages a legacy that dates back to 1889 with the founding of Lee and to 1947 with the introduction of the Wrangler brand. The company focuses on designing, manufacturing and distributing premium, casual and workwear apparel, including jeans, pants, shorts, shirts, jackets and complementary accessories.

Kontoor Brands operates a diversified sales model that combines wholesale partnerships with leading retailers, distribution through e-commerce channels and select direct-to-consumer formats.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.