Sei Investments Co. Acquires 21,011 Shares of Kontoor Brands, Inc. $KTB

Sei Investments Co. grew its holdings in Kontoor Brands, Inc. (NYSE:KTB) by 31.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,085 shares of the company’s stock after acquiring an additional 21,011 shares during the quarter. Sei Investments Co.’s holdings in Kontoor Brands were worth $6,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Transamerica Financial Advisors LLC increased its position in Kontoor Brands by 335.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock worth $25,000 after acquiring an additional 312 shares during the period. Torren Management LLC bought a new stake in Kontoor Brands in the 4th quarter valued at $27,000. Private Trust Co. NA bought a new stake in Kontoor Brands in the 4th quarter valued at $31,000. Hantz Financial Services Inc. grew its position in Kontoor Brands by 196.2% in the 4th quarter. Hantz Financial Services Inc. now owns 551 shares of the company’s stock worth $34,000 after purchasing an additional 365 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in Kontoor Brands in the 4th quarter worth $35,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Trading Up 1.2%

Shares of Kontoor Brands stock opened at $84.76 on Tuesday. Kontoor Brands, Inc. has a 12-month low of $55.17 and a 12-month high of $88.96. The stock has a market capitalization of $4.68 billion, a P/E ratio of 17.16 and a beta of 0.88. The company has a 50-day simple moving average of $80.35 and a 200 day simple moving average of $72.40. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 1.83.

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 firm had revenue of $613.32 million during the quarter, compared to analyst estimates of $784.76 million. Kontoor Brands had a net margin of 8.30% and a return on equity of 60.17%. Kontoor Brands’s quarterly revenue was up 45.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 earnings per share. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. Research analysts expect that Kontoor Brands, Inc. will post 5.2 earnings per share for the current fiscal year.

Kontoor Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 8th. Kontoor Brands’s payout ratio is presently 42.91%.

Insider Activity at Kontoor Brands

In related news, EVP Jennifer H. 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 transaction of $324,080.00. Following the sale, the executive vice president directly owned 40,261 shares in the company, valued at $3,261,946.22. This represents a 9.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wall Street Zen lowered shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. BTIG Research restated a “buy” rating and set a $100.00 price target on shares of Kontoor Brands in a research note on Friday, May 1st. Zacks Research raised Kontoor Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. started coverage on Kontoor Brands in a research report on Monday, June 8th. They issued an “overweight” rating and a $90.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.20.

Kontoor Brands Profile

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.