Kontoor Brands, Inc. $KTB Shares Bought by Vest Financial LLC

Key Points

• Vest Financial LLC increased its stake in Kontoor Brands, Inc. by 32.0% during the second quarter, holding a total of 57,635 shares worth approximately $3.8 million.
• Kontoor Brands reported earnings of $1.21 per share for the last quarter, exceeding analyst expectations, and revenue rose 8.5% year-over-year to $658.26 million.
• The company declared a $0.52 per share quarterly dividend, resulting in an annualized dividend yield of 2.6% and a payout ratio of 46.43%.

Vest Financial LLC boosted its stake in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 32.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,635 shares of the company's stock after buying an additional 13,965 shares during the period. Vest Financial LLC owned 0.10% of Kontoor Brands worth $3,802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional acquired a new position in Kontoor Brands during the first quarter worth $32,000. Ameritas Advisory Services LLC acquired a new position in shares of Kontoor Brands in the 2nd quarter valued at $35,000. Blue Trust Inc. lifted its stake in shares of Kontoor Brands by 23.4% in the 1st quarter. Blue Trust Inc. now owns 1,446 shares of the company's stock valued at $93,000 after purchasing an additional 274 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Kontoor Brands in the 1st quarter valued at $94,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Kontoor Brands by 240.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,745 shares of the company's stock valued at $112,000 after purchasing an additional 1,233 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

Kontoor Brands Price Performance

KTB opened at $78.61 on Tuesday. The stock's 50-day moving average price is $76.53 and its 200 day moving average price is $68.71. Kontoor Brands, Inc. has a 12-month low of $50.00 and a 12-month high of $96.80. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 2.74. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.70 and a beta of 1.15.

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 return on equity of 68.76% and a net margin of 9.48%.The firm had revenue of $658.26 million for the quarter, compared to analyst estimates of $632.97 million. During the same quarter in the prior year, the company earned $0.98 EPS. Kontoor Brands's revenue was up 8.5% on a year-over-year basis. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. As a group, sell-side analysts expect that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 9th were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, September 9th. This represents a $2.08 annualized dividend and a yield of 2.6%. Kontoor Brands's dividend payout ratio is 46.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays reaffirmed an "overweight" rating and issued a $91.00 price target (up previously from $86.00) on shares of Kontoor Brands in a research note on Friday, August 8th. Wall Street Zen raised Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Wells Fargo & Company upped their price target on Kontoor Brands from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Kontoor Brands in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus upped their price target on Kontoor Brands from $72.00 to $73.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kontoor Brands has a consensus rating of "Moderate Buy" and a consensus price target of $91.33.

About Kontoor Brands

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.

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