RFG Advisory LLC Takes $1.54 Million Position in Kontoor Brands, Inc. $KTB

Key Points

• RFG Advisory purchased 18,527 Kontoor Brands shares worth approximately $1.54 million, while institutional investors collectively own 93.06% of the company.
• Kontoor Brands reported quarterly EPS of $1.06, slightly above estimates, but revenue fell 11.2% year over year. The company maintained a quarterly dividend of $0.53, equivalent to a 3.2% annual yield.
• Analysts hold a “Moderate Buy” consensus rating with an average price target of $95, although Kontoor’s CEO and an executive vice president recently sold shares.

RFG Advisory LLC purchased 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 Securities & Exchange Commission. The fund purchased 18,527 shares of the company's stock, valued at approximately $1,544,000.

Several other hedge funds have also recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new position in Kontoor Brands during the 2nd quarter worth $26,000. Transamerica Financial Advisors LLC grew its position in Kontoor Brands by 335.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company's stock worth $25,000 after purchasing an additional 312 shares during the last quarter. CENTRAL TRUST Co bought a new position in shares of Kontoor Brands during the 1st quarter worth about $35,000. Bell Investment Advisors Inc bought a new position in shares of Kontoor Brands during the 2nd quarter worth about $42,000. Finally, Hantz Financial Services Inc. raised its position in shares of Kontoor Brands by 196.2% during the fourth quarter. Hantz Financial Services Inc. now owns 551 shares of the company's stock valued at $34,000 after buying an additional 365 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Kontoor Brands Stock Up 1.0%

Shares of NYSE:KTB opened at $66.81 on Friday. The company has a 50 day moving average price of $80.62 and a two-hundred day moving average price of $75.23. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.99 and a current ratio of 1.83. The company has a market capitalization of $3.65 billion, a PE ratio of 13.95 and a beta of 0.87. Kontoor Brands, Inc. has a 52 week low of $56.19 and a 52 week high of $88.96.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01. The company had revenue of $584.29 million during the quarter, compared to analyst estimates of $586.95 million. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The firm's revenue was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 EPS. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. Analysts forecast that Kontoor Brands, Inc. will post 5.27 earnings per share for the current year.

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 8th. Kontoor Brands's payout ratio is currently 44.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KTB shares. Barclays lifted 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. Wells Fargo & Company upped their price target on Kontoor Brands from $100.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. UBS Group lifted their price objective on Kontoor Brands from $131.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Weiss Ratings cut Kontoor Brands from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, September 2nd. Finally, BTIG Research raised their target price on Kontoor Brands from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $95.00.

Insider Buying and Selling at Kontoor Brands

In related news, CEO Scott Baxter sold 184,403 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $83.40, for a total transaction of $15,379,210.20. Following the completion of the transaction, the chief executive officer owned 261,786 shares in the company, valued at approximately $21,832,952.40. This represents a 41.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas Doerr, Jr. sold 7,660 shares of Kontoor Brands stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $83.43, for a total transaction of $639,073.80. Following the completion of the sale, the executive vice president owned 25,063 shares in the company, valued at $2,091,006.09. The trade was a 23.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.80% of the company's stock.

Kontoor Brands Company Profile

Kontoor Brands, Inc NYSE: KTB is a global lifestyle apparel company that designs, manufactures, sources and markets branded clothing and accessories. The company is best known for its denim and casualwear businesses, serving consumers through wholesale distributors, department and specialty stores, company-operated retail locations and e-commerce channels.

Kontoor's principal brands include Wrangler, a heritage brand focused on denim, westernwear, workwear and casual apparel, and Lee, which offers denim and lifestyle clothing for men, women and children.

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