Kontoor Brands, Inc. $KTB Shares Newly Purchased by Boston Trust Walden Corp

Key Points

• Boston Trust Walden bought 432,003 Kontoor Brands shares in the third quarter, valued at about $27.2 million and representing roughly 0.79% of the company. Institutional investors collectively own 93.06% of its shares.
• Kontoor reported quarterly EPS of $1.50, beating the $1.34 consensus, but revenue fell 19.7% year over year to $685.3 million and missed estimates. The company also raised its 2026 earnings outlook and announced plans for $450 million in share repurchases after its Lee divestiture.
• Kontoor increased its quarterly dividend from $0.53 to $0.54 per share, equal to an annualized $2.16 and a 2.7% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $96.56.

Boston Trust Walden Corp purchased a new position in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 432,003 shares of the company's stock, valued at approximately $27,229,000. Boston Trust Walden Corp owned about 0.79% of Kontoor Brands as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KTB. BlackRock Inc. acquired a new position in shares of Kontoor Brands during the second quarter valued at about $674,664,000. Bank of New York Mellon Corp bought a new position in Kontoor Brands in the second quarter worth approximately $45,003,000. Bank of America Corp DE acquired a new stake in Kontoor Brands in the second quarter valued at approximately $38,382,000. Nicholas Investment Partners LP acquired a new stake in Kontoor Brands in the second quarter valued at approximately $21,761,000. Finally, Pacer Advisors Inc. bought a new stake in shares of Kontoor Brands during the first quarter valued at approximately $17,718,000. Institutional investors and hedge funds own 93.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KTB shares. Barclays upped their target price on Kontoor Brands from $96.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. UBS Group boosted their price target on shares of Kontoor Brands from $131.00 to $136.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Wells Fargo & Company upped their price objective on shares of Kontoor Brands from $100.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Jefferies Financial Group upgraded shares of Kontoor Brands from a "hold" rating to a "buy" rating and upped their price objective for the stock from $82.00 to $89.00 in a report on Wednesday, October 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kontoor Brands from $90.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $96.56.

Kontoor Brands Stock Performance

NYSE KTB opened at $79.37 on Friday. The company has a fifty day moving average price of $70.49 and a 200-day moving average price of $72.86. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 16.57 and a beta of 0.85. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 0.99. Kontoor Brands, Inc. has a 1 year low of $56.19 and a 1 year high of $88.96.

Kontoor Brands (NYSE:KTB - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.16. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The company had revenue of $685.35 million for the quarter, compared to analyst estimates of $694.18 million. During the same period last year, the firm earned $1.44 earnings per share. The firm's revenue was down 19.7% on a year-over-year basis. As a group, equities research analysts predict that Kontoor Brands, Inc. will post 5.27 EPS for the current fiscal year.

Kontoor Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Tuesday, December 8th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Tuesday, December 8th. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. This is an increase from Kontoor Brands's previous quarterly dividend of $0.53. Kontoor Brands's payout ratio is 44.26%.

Kontoor Brands News Summary

Here are the key news stories impacting Kontoor Brands this week:

• Positive Sentiment: Q3 earnings were $1.50 per share, above the $1.34 consensus estimate and up from $1.44 a year earlier. Zacks earnings report
• Positive Sentiment: Kontoor raised its 2026 earnings outlook and expects to repurchase $450 million of shares after completing the Lee divestiture. Management also cited growth at Wrangler and Helly Hansen and gross-margin expansion. Kontoor Brands third-quarter results and outlook
• Negative Sentiment: Revenue was $685.3 million, below analysts’ $694.2 million estimate, and down 19.7% from a year earlier. The sales shortfall and steep year-over-year decline may temper enthusiasm for the earnings beat and outlook upgrade. Q3 revenue compared with estimates

Insider Buying and Selling

In other news, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $83.43, for a total value of $639,073.80. Following the completion of the transaction, the executive vice president directly owned 25,063 shares of the company's stock, valued at $2,091,006.09. This represents a 23.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Scott H. Baxter sold 184,403 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $83.40, for a total value of $15,379,210.20. Following the sale, the chief executive officer directly owned 261,786 shares of the company's stock, valued at $21,832,952.40. The trade was a 41.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by insiders.

About Kontoor Brands

Kontoor Brands, Inc NYSE: KTB is a global lifestyle apparel company focused on denim and casualwear. Its portfolio includes the Wrangler and Lee brands, as well as Rock & Republic, offering jeans, shirts, jackets, tops, bottoms, accessories and related products for men, women and children.

The company sells its products through wholesale customers, including department stores, specialty retailers and mass merchants, as well as through company-operated stores and e-commerce channels. Kontoor serves consumers in North America and international markets, with products distributed across multiple regions worldwide.

Kontoor Brands became an independent publicly traded company in 2019 following its separation from VF Corporation.

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