Monument Capital Management Invests $244,000 in Kontoor Brands, Inc. $KTB

Key Points

• Monument Capital Management invested $244,000 in Kontoor Brands, acquiring 3,704 shares during the second quarter.
• Kontoor Brands has received positive analyst ratings, with UBS raising its price objective from $92.00 to $99.00, reflecting a "buy" rating.
• The company reported a quarterly earnings per share of $1.21, surpassing the consensus estimate of $0.86, along with an annual revenue growth of 8.5%.

Monument Capital Management acquired a new position in Kontoor Brands, Inc. (NYSE:KTB - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,704 shares of the company's stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in KTB. CX Institutional purchased a new stake in shares of Kontoor Brands in the first quarter worth $32,000. Ameritas Advisory Services LLC purchased a new stake in shares of Kontoor Brands in the second quarter worth $35,000. Blue Trust Inc. raised its position in shares of Kontoor Brands by 23.4% in the first quarter. Blue Trust Inc. now owns 1,446 shares of the company's stock worth $93,000 after buying an additional 274 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Kontoor Brands in the first quarter worth $94,000. Finally, Advisors Asset Management Inc. raised its position in shares of Kontoor Brands by 240.8% in the first quarter. Advisors Asset Management Inc. now owns 1,745 shares of the company's stock worth $112,000 after buying an additional 1,233 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group increased their price objective on Kontoor Brands from $92.00 to $99.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Weiss Ratings restated a "hold (c+)" rating on shares of Kontoor Brands in a research report on Wednesday. Stifel Nicolaus raised their price target on Kontoor Brands from $72.00 to $73.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Barclays restated an "overweight" rating and set a $91.00 price target (up previously from $86.00) on shares of Kontoor Brands in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.33.

Kontoor Brands Stock Down 3.9%

KTB opened at $74.20 on Friday. The company has a market cap of $4.12 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.77 and a beta of 1.15. The business's 50-day moving average price is $76.10 and its 200-day moving average price is $68.56. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 2.74. Kontoor Brands, Inc. has a 12 month low of $50.00 and a 12 month high of $96.80.

Kontoor Brands (NYSE:KTB - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.86 by $0.35. The firm had revenue of $658.26 million for the quarter, compared to the consensus estimate of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The company's quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, equities analysts expect that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 9th were issued a $0.52 dividend. The ex-dividend date was Tuesday, September 9th. This represents a $2.08 annualized dividend and a dividend yield of 2.8%. Kontoor Brands's payout ratio is currently 46.43%.

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.

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