Russell Investments Group Ltd. Buys 6,029 Shares of Kontoor Brands, Inc. $KTB

Key Points

• Russell Investments Group Ltd. increased its holdings in Kontoor Brands by 10.3% in Q1, owning 64,643 shares valued at approximately $4.15 million.
• Kontoor Brands reported earnings of $1.21 EPS for the last quarter, exceeding estimates by $0.35, with revenues of $658.26 million, an increase of 8.5% year-over-year.
• The company recently declared a quarterly dividend of $0.52, resulting in an annualized yield of 2.7% and a payout ratio of 46.43%.

Russell Investments Group Ltd. grew its stake in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,643 shares of the company's stock after acquiring an additional 6,029 shares during the period. Russell Investments Group Ltd. owned 0.12% of Kontoor Brands worth $4,146,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Kontoor Brands by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 597,638 shares of the company's stock worth $38,327,000 after acquiring an additional 10,748 shares during the last quarter. Moran Wealth Management LLC bought a new position in shares of Kontoor Brands in the first quarter worth about $2,685,000. GAMMA Investing LLC raised its stake in shares of Kontoor Brands by 4,248.1% in the first quarter. GAMMA Investing LLC now owns 38,350 shares of the company's stock worth $2,459,000 after acquiring an additional 37,468 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Kontoor Brands by 14.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,908 shares of the company's stock worth $315,000 after acquiring an additional 611 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Kontoor Brands by 129.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 36,580 shares of the company's stock worth $2,347,000 after acquiring an additional 20,625 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

Kontoor Brands Trading Down 1.7%

NYSE KTB traded down $1.30 during trading on Thursday, reaching $76.66. 527,621 shares of the stock traded hands, compared to its average volume of 918,045. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.79 and a beta of 1.11. Kontoor Brands, Inc. has a fifty-two week low of $50.00 and a fifty-two week high of $96.80. The company has a quick ratio of 0.95, a current ratio of 2.18 and a debt-to-equity ratio of 2.74. The stock's 50-day moving average price is $66.94 and its 200 day moving average price is $66.51.

Kontoor Brands (NYSE:KTB - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.35. The company had revenue of $658.26 million during the quarter, compared to analysts' expectations of $632.97 million. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. The business's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. Analysts predict that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Announces Dividend

The firm 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. 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 presently 46.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays reaffirmed 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. UBS Group boosted their price target on shares of Kontoor Brands from $92.00 to $99.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Wells Fargo & Company boosted their price target on shares of Kontoor Brands from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group set a $85.00 price target on shares of Kontoor Brands and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Stifel Nicolaus boosted their price target on shares of Kontoor Brands from $72.00 to $73.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Kontoor Brands has a consensus rating of "Moderate Buy" and an average price target 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.