Insider Selling: Kontoor Brands (NYSE:KTB) EVP Sells $324,080.00 in Stock

Kontoor Brands, Inc. (NYSE:KTB) EVP Jennifer Broyles sold 4,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $81.02, for a total value of $324,080.00. Following the completion of the transaction, the executive vice president directly owned 40,261 shares of the company’s stock, valued at approximately $3,261,946.22. The trade was a 9.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Kontoor Brands Trading Down 3.1%

Shares of KTB opened at $75.10 on Thursday. Kontoor Brands, Inc. has a 1 year low of $53.55 and a 1 year high of $87.00. The company has a current ratio of 1.87, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83. The stock has a 50 day simple moving average of $72.09 and a 200-day simple moving average of $68.22. The stock has a market cap of $4.15 billion, a PE ratio of 15.20 and a beta of 0.89.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). The business had revenue of $613.32 million for the quarter, compared to the consensus estimate of $784.76 million. Kontoor Brands had a return on equity of 60.17% and a net margin of 8.30%.The firm’s revenue was up 45.0% on a year-over-year basis. During the same quarter last year, the company earned $1.20 earnings per share. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. On average, sell-side analysts predict that Kontoor Brands, Inc. will post 5.2 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 8th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, June 8th. This represents a $2.12 dividend on an annualized basis and a yield of 2.8%. Kontoor Brands’s dividend payout ratio is 42.91%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KTB. Norges Bank acquired a new position in Kontoor Brands during the 4th quarter worth $36,185,000. Boston Partners acquired a new position in Kontoor Brands during the 3rd quarter worth $44,733,000. JPMorgan Chase & Co. lifted its holdings in Kontoor Brands by 15.8% during the 4th quarter. JPMorgan Chase & Co. now owns 3,019,204 shares of the company’s stock worth $184,443,000 after buying an additional 413,005 shares in the last quarter. Amundi acquired a new position in Kontoor Brands during the 3rd quarter worth $24,653,000. Finally, Balyasny Asset Management L.P. lifted its holdings in Kontoor Brands by 134.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 468,630 shares of the company’s stock worth $30,916,000 after buying an additional 268,604 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

KTB has been the topic of a number of research analyst reports. BTIG Research restated a “buy” rating and set a $100.00 price target on shares of Kontoor Brands in a research report on Friday, May 1st. Wells Fargo & Company increased their price target on Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Weiss Ratings lowered Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Stifel Nicolaus increased their price target on Kontoor Brands from $75.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Finally, Wall Street Zen downgraded Kontoor Brands from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Kontoor Brands has an average rating of “Moderate Buy” and an average target price of $91.20.

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.