Landscape Capital Management L.L.C. Buys 21,494 Shares of Kontoor Brands, Inc. $KTB

Key Points

• Landscape Capital Management L.L.C. increased its stake in Kontoor Brands by 43.0%, owning 71,464 shares worth approximately $4.58 million as of the recent quarter.
• Several analysts upgraded Kontoor Brands, with Wall Street Zen changing its rating from "hold" to "strong-buy" and Wells Fargo raising its price target from $85.00 to $90.00.
• Kontoor Brands announced a quarterly dividend of $0.52, set to be paid on September 19th, representing an annualized yield of 2.7% and a payout ratio of 46.43%.

Landscape Capital Management L.L.C. raised its stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 43.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,464 shares of the company's stock after purchasing an additional 21,494 shares during the period. Landscape Capital Management L.L.C. owned 0.13% of Kontoor Brands worth $4,583,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CX Institutional bought a new stake in Kontoor Brands in the first quarter valued at $32,000. Versant Capital Management Inc boosted its stake in Kontoor Brands by 46.7% in 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 last quarter. Quarry LP boosted its stake in Kontoor Brands by 161.3% in the fourth quarter. Quarry LP now owns 729 shares of the company's stock valued at $62,000 after acquiring an additional 450 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Kontoor Brands in the fourth quarter valued at about $98,000. Finally, Blue Trust Inc. boosted its stake in Kontoor Brands by 23.4% in the first quarter. Blue Trust Inc. now owns 1,446 shares of the company's stock valued at $93,000 after acquiring an additional 274 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

Kontoor Brands Price Performance

NYSE KTB traded up $0.49 on Monday, hitting $77.22. The stock had a trading volume of 909,931 shares, compared to its average volume of 859,221. Kontoor Brands, Inc. has a 52-week low of $50.00 and a 52-week 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 market capitalization of $4.29 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. The firm has a 50-day moving average of $67.21 and a 200-day moving average of $66.26.

Kontoor Brands (NYSE:KTB - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.35. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. The business had revenue of $658.26 million for the quarter, compared to analysts' expectations of $632.97 million. During the same period in the prior year, the company posted $0.98 EPS. The business's revenue for the quarter 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 analysts expect that Kontoor Brands, Inc. will post 4.82 EPS 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 $0.52 dividend. The ex-dividend date is Tuesday, September 9th. This represents a $2.08 annualized dividend and a yield of 2.7%. Kontoor Brands's dividend payout ratio is currently 46.43%.

Wall Street Analyst Weigh In

KTB has been the topic of a number of research analyst reports. 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. Wells Fargo & Company upped their price target 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 raised shares of Kontoor Brands from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Barclays reaffirmed an "overweight" rating and issued a $91.00 price objective (up from $86.00) on shares of Kontoor Brands 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company 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.