Raymond James Financial Inc. Has $5.71 Million Holdings in Kontoor Brands, Inc. $KTB

Key Points

• Raymond James Financial Inc. has increased its stake in Kontoor Brands, Inc. by 20.3%, owning 88,953 shares valued at approximately $5.71 million.
• Kontoor Brands reported a quarterly EPS of $1.21, surpassing analyst expectations of $0.86, with revenues of $658.26 million during the quarter.
• The company announced a quarterly dividend of $0.52 per share, reflecting a 2.6% dividend yield with an annualized payout of $2.08.

Raymond James Financial Inc. increased its stake in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 20.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,953 shares of the company's stock after buying an additional 15,022 shares during the quarter. Raymond James Financial Inc. owned 0.16% of Kontoor Brands worth $5,705,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KTB. Schonfeld Strategic Advisors LLC bought a new position in Kontoor Brands during the 4th quarter valued at about $1,175,000. Ameriprise Financial Inc. raised its stake in shares of Kontoor Brands by 11.8% in the fourth quarter. Ameriprise Financial Inc. now owns 1,355,286 shares of the company's stock valued at $115,755,000 after acquiring an additional 142,956 shares during the last quarter. Algert Global LLC acquired a new position in shares of Kontoor Brands in the 4th quarter worth approximately $2,447,000. Bank of America Corp DE grew its position in Kontoor Brands by 0.6% during the 4th quarter. Bank of America Corp DE now owns 431,390 shares of the company's stock worth $36,845,000 after acquiring an additional 2,505 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new stake in Kontoor Brands during the 4th quarter worth approximately $318,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Kontoor Brands Trading Up 0.3%

NYSE:KTB opened at $79.54 on Thursday. 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 1-year low of $50.00 and a 1-year high of $96.80. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.77 and a beta of 1.10. The business's 50-day moving average price is $68.07 and its two-hundred day moving average price is $66.39.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 68.76% and a net margin of 9.48%.Kontoor Brands's revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. 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 earnings per share for the current year.

Kontoor Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Tuesday, September 9th will be given a $0.52 dividend. The ex-dividend date is Tuesday, September 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. Kontoor Brands's dividend payout ratio is currently 46.43%.

Analyst Ratings Changes

KTB has been the topic of a number of recent analyst reports. Barclays reissued an "overweight" rating and issued a $91.00 price objective (up previously from $86.00) on shares of Kontoor Brands in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Stifel Nicolaus increased their price objective on shares of Kontoor Brands from $72.00 to $73.00 and gave the stock a "hold" rating in a report on Friday, August 8th. The Goldman Sachs Group set a $85.00 target price on shares of Kontoor Brands and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, UBS Group increased their price target on shares of Kontoor Brands from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.

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