Vident Advisory LLC Has $797,000 Holdings in Kontoor Brands, Inc. $KTB

Key Points

• Vident Advisory LLC increased its stock holdings in Kontoor Brands, Inc. by 403.2%, owning 12,433 shares valued at $797,000 after purchasing an additional 9,962 shares in the first quarter.
• Kontoor Brands reported earnings per share of $1.21 for the last quarter, exceeding analysts' expectations of $0.86, with revenue totaling $658.26 million.
• The company announced a quarterly dividend of $0.52 per share, leading to an annualized dividend yield of 2.6%, with a current dividend payout ratio of 46.43%.

Vident Advisory LLC raised its holdings in Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 403.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,433 shares of the company's stock after buying an additional 9,962 shares during the period. Vident Advisory LLC's holdings in Kontoor Brands were worth $797,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CX Institutional acquired a new stake in shares of Kontoor Brands in the first quarter valued at about $32,000. Versant Capital Management Inc grew its stake in Kontoor Brands by 46.7% in the first quarter. Versant Capital Management Inc now owns 650 shares of the company's stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. Blue Trust Inc. increased its position in shares of Kontoor Brands by 23.4% during the 1st quarter. Blue Trust Inc. now owns 1,446 shares of the company's stock worth $93,000 after purchasing an additional 274 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Kontoor Brands during the 1st quarter worth approximately $94,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Kontoor Brands during the 4th quarter worth approximately $98,000. 93.06% of the stock is owned by institutional investors.

Kontoor Brands Stock Performance

KTB stock traded down $1.09 during mid-day trading on Wednesday, hitting $77.44. 400,655 shares of the company were exchanged, compared to its average volume of 588,195. Kontoor Brands, Inc. has a 1-year low of $50.00 and a 1-year high of $96.80. The stock has a market capitalization of $4.30 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.80 and a beta of 1.10. The business has a 50 day simple moving average of $69.21 and a 200-day simple moving average of $66.12. 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 (NYSE:KTB - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.35. The company had revenue of $658.26 million for the quarter, compared to analyst estimates of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The firm's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last 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. On average, equities analysts forecast that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Tuesday, September 9th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Kontoor Brands's dividend payout ratio (DPR) is currently 46.43%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. 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 boosted their price objective 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. The Goldman Sachs Group set a $85.00 price objective on shares of Kontoor Brands and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Wells Fargo & Company raised their target price on shares of Kontoor Brands from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Finally, Stifel Nicolaus boosted their price target on Kontoor Brands from $72.00 to $73.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock 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.