Massachusetts Wealth Management Buys Shares of 3,960 Kontoor Brands, Inc. $KTB

Massachusetts Wealth Management bought a new stake in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,960 shares of the company's stock, valued at approximately $261,000.

Several other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Kontoor Brands by 17.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,297 shares of the company's stock worth $367,000 after acquiring an additional 651 shares during the last quarter. GAMMA Investing LLC increased 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. CX Institutional acquired a new position in shares of Kontoor Brands in the first quarter worth $32,000. Azzad Asset Management Inc. ADV increased its stake in shares of Kontoor Brands by 1.2% in the first quarter. Azzad Asset Management Inc. ADV now owns 37,229 shares of the company's stock worth $2,387,000 after acquiring an additional 431 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Kontoor Brands by 52.6% in the first quarter. Ritholtz Wealth Management now owns 10,342 shares of the company's stock worth $663,000 after acquiring an additional 3,566 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Kontoor Brands Trading Up 0.7%

Kontoor Brands stock opened at $80.40 on Thursday. The company has a debt-to-equity ratio of 2.74, a current ratio of 2.18 and a quick ratio of 0.95. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.83 and a beta of 1.15. Kontoor Brands, Inc. has a one year low of $50.00 and a one year high of $96.80. The company's fifty day moving average price is $75.28 and its two-hundred day moving average price is $68.40.

Kontoor Brands (NYSE:KTB - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.21 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 firm had revenue of $658.26 million for the quarter, compared to the consensus estimate of $632.97 million. During the same period in the prior year, the business posted $0.98 earnings per share. The business's quarterly 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. On average, analysts forecast that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Dividend Announcement

The company 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. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, September 9th. Kontoor Brands's dividend payout ratio is 46.43%.

Analyst Upgrades and Downgrades

KTB has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of Kontoor Brands from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, September 11th. Wall Street Zen raised shares of Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. UBS Group upped 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Kontoor Brands in a research note on Wednesday. Finally, Stifel Nicolaus increased their target price 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. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Kontoor Brands presently has an average rating of "Moderate Buy" and a consensus target price of $91.33.

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.

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