American Trust Investment Advisors LLC Buys 32,740 Shares of Kontoor Brands, Inc. $KTB

Key Points

• American Trust Investment Advisors LLC significantly increased its stake in Kontoor Brands, owning 35,457 shares after purchasing an additional 32,740 shares, representing a growth of 1,205.0% in the first quarter.
• Kontoor Brands reported $1.21 earnings per share for the latest quarter, exceeding forecasts, with a year-over-year revenue increase of 8.5%, reaching $658.26 million.
• The company announced a quarterly dividend of $0.52, representing a 2.6% yield, with a payout ratio of 46.43% slated for distribution on September 19th.

American Trust Investment Advisors LLC boosted its position in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 1,205.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 35,457 shares of the company's stock after purchasing an additional 32,740 shares during the period. American Trust Investment Advisors LLC owned about 0.06% of Kontoor Brands worth $2,274,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KTB. Schonfeld Strategic Advisors LLC bought a new stake in Kontoor Brands in the 4th quarter worth about $1,175,000. Ameriprise Financial Inc. grew its position in Kontoor Brands by 11.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,355,286 shares of the company's stock worth $115,755,000 after purchasing an additional 142,956 shares in the last quarter. Algert Global LLC bought a new stake in Kontoor Brands in the 4th quarter worth about $2,447,000. Bank of America Corp DE grew its position in Kontoor Brands by 0.6% in the 4th quarter. Bank of America Corp DE now owns 431,390 shares of the company's stock worth $36,845,000 after purchasing an additional 2,505 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new stake in Kontoor Brands in the 4th quarter worth about $318,000. 93.06% of the stock is owned by institutional investors.

Kontoor Brands Price Performance

Kontoor Brands stock traded down $0.30 during midday trading on Friday, reaching $80.11. 516,828 shares of the stock were exchanged, compared to its average volume of 704,729. The company's fifty day moving average is $68.66 and its 200-day moving average is $66.17. 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 firm has a market cap of $4.45 billion, a PE ratio of 17.88, a PEG ratio of 1.84 and a beta of 1.10. Kontoor Brands, Inc. has a 52 week low of $50.00 and a 52 week high of $96.80.

Kontoor Brands (NYSE:KTB - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.35. The business had revenue of $658.26 million for the quarter, compared to analyst estimates of $632.97 million. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. Kontoor Brands's revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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, sell-side analysts forecast that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors 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 yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 9th. Kontoor Brands's dividend payout ratio is 46.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KTB shares. Stifel Nicolaus upped their price objective on shares of Kontoor Brands from $72.00 to $73.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. UBS Group boosted their target price 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. The Goldman Sachs Group set a $85.00 target price on shares of Kontoor Brands and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Barclays reiterated an "overweight" rating and issued a $91.00 target price (up from $86.00) on shares of Kontoor Brands in a research note on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.