Kontoor Brands, Inc. $KTB Shares Bought by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Kontoor Brands by 28.6%, owning a total of 33,340 shares valued at approximately $2.14 million after acquiring an additional 7,405 shares.
• The company reported $1.21 EPS for the last quarter, surpassing analysts' expectations of $0.86, while its revenue grew by 8.5% year-over-year to $658.26 million.
• Kontoor Brands' stock has received positive ratings from analysts, with target prices set as high as $100, reflecting a consensus of a "Moderate Buy."

Voya Investment Management LLC lifted its stake in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) by 28.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,340 shares of the company's stock after acquiring an additional 7,405 shares during the period. Voya Investment Management LLC owned 0.06% of Kontoor Brands worth $2,138,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KTB. Nuveen LLC bought a new stake in shares of Kontoor Brands during the 1st quarter valued at about $19,837,000. Wellington Management Group LLP raised its holdings in shares of Kontoor Brands by 135.4% in the 1st quarter. Wellington Management Group LLP now owns 440,135 shares of the company's stock valued at $28,226,000 after buying an additional 253,140 shares during the period. MetLife Investment Management LLC lifted its position in Kontoor Brands by 639.3% during the 1st quarter. MetLife Investment Management LLC now owns 242,915 shares of the company's stock worth $15,578,000 after acquiring an additional 210,059 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Kontoor Brands by 64.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 396,553 shares of the company's stock valued at $25,431,000 after purchasing an additional 154,753 shares in the last quarter. Finally, Nomura Holdings Inc. raised its position in Kontoor Brands by 694.3% in the first quarter. Nomura Holdings Inc. now owns 175,900 shares of the company's stock valued at $11,280,000 after purchasing an additional 153,754 shares during the period. 93.06% of the stock is currently owned by institutional investors.

Kontoor Brands Stock Performance

KTB traded down $1.03 during trading hours on Monday, hitting $79.39. The company's stock had a trading volume of 672,063 shares, compared to its average volume of 640,892. The firm has a market capitalization of $4.41 billion, a PE ratio of 15.59, a PEG ratio of 1.84 and a beta of 1.10. The company has a 50-day simple moving average of $71.02 and a 200 day simple moving average of $66.90. 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 fifty-two week low of $50.00 and a fifty-two week high of $96.80.

Kontoor Brands (NYSE:KTB - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.35. The firm 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 company's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, sell-side analysts expect that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 9th were issued a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $2.08 annualized dividend and a yield of 2.6%. Kontoor Brands's dividend payout ratio (DPR) is 46.43%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KTB shares. Barclays restated an "overweight" rating and set a $91.00 price target (up from $86.00) on shares of Kontoor Brands in a report 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 report on Tuesday, June 10th. 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. Wells Fargo & Company upped their target price on shares of Kontoor Brands from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, September 11th. Finally, Stifel Nicolaus raised their target price on shares of Kontoor Brands from $72.00 to $73.00 and gave the company a "hold" rating in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.33.

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.