Concurrent Investment Advisors LLC Has $771,000 Holdings in Kontoor Brands, Inc. $KTB

Concurrent Investment Advisors LLC lifted its position in shares of Kontoor Brands, Inc. (NYSE:KTB) by 146.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,616 shares of the company’s stock after purchasing an additional 7,497 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Kontoor Brands were worth $771,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Kontoor Brands by 6.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,673 shares of the company’s stock worth $1,019,000 after buying an additional 1,081 shares during the period. First Horizon Corp increased its position in shares of Kontoor Brands by 142.6% during the fourth quarter. First Horizon Corp now owns 951 shares of the company’s stock worth $58,000 after buying an additional 559 shares during the period. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Kontoor Brands during the fourth quarter worth $35,000. Merit Financial Group LLC increased its position in shares of Kontoor Brands by 11.3% during the fourth quarter. Merit Financial Group LLC now owns 3,303 shares of the company’s stock worth $202,000 after buying an additional 335 shares during the period. Finally, Private Trust Co. NA acquired a new stake in shares of Kontoor Brands during the fourth quarter worth $31,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Jefferies Financial Group assumed coverage on shares of Kontoor Brands in a report on Wednesday, February 4th. They issued a “hold” rating and a $65.00 price target for the company. Stifel Nicolaus raised their price target on shares of Kontoor Brands from $75.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. The Goldman Sachs Group raised their price target on shares of Kontoor Brands from $84.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of Kontoor Brands in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.00.

Kontoor Brands Stock Down 1.5%

Kontoor Brands stock opened at $72.25 on Friday. Kontoor Brands, Inc. has a 1-year low of $53.55 and a 1-year high of $87.00. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 17.84 and a beta of 0.91. The firm’s fifty day moving average price is $70.84 and its two-hundred day moving average price is $69.59. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 2.01.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.08. Kontoor Brands had a net margin of 7.22% and a return on equity of 62.02%. During the same period last year, the business earned $1.38 EPS. Kontoor Brands’s revenue was up 45.6% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. On average, equities research analysts predict that Kontoor Brands, Inc. will post 6.46 earnings per share for the current fiscal year.

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 8th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, June 8th. Kontoor Brands’s dividend payout ratio (DPR) is 52.35%.

About Kontoor Brands

Kontoor Brands, Inc is a global apparel company best known for its Wrangler and Lee denim and lifestyle brands. Established as an independent, publicly traded company in May 2019 following a spin-off from VF Corporation, Kontoor leverages a legacy that dates back to 1889 with the founding of Lee and to 1947 with the introduction of the Wrangler brand. The company focuses on designing, manufacturing and distributing premium, casual and workwear apparel, including jeans, pants, shorts, shirts, jackets and complementary accessories.

Kontoor Brands operates a diversified sales model that combines wholesale partnerships with leading retailers, distribution through e-commerce channels and select direct-to-consumer formats.