UBS Group AG Has $33.71 Million Stock Holdings in Kontoor Brands, Inc. $KTB

UBS Group AG lifted its position in shares of Kontoor Brands, Inc. (NYSE:KTB) by 3.8% during the 4th quarter, Holdings Channel reports. The firm owned 551,758 shares of the company’s stock after purchasing an additional 20,270 shares during the quarter. UBS Group AG’s holdings in Kontoor Brands were worth $33,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KTB. New York State Common Retirement Fund boosted its holdings in shares of Kontoor Brands by 89.5% during the 3rd quarter. New York State Common Retirement Fund now owns 32,739 shares of the company’s stock worth $2,612,000 after buying an additional 15,465 shares during the period. Skba Capital Management LLC grew its stake in Kontoor Brands by 14.5% in the 3rd quarter. Skba Capital Management LLC now owns 283,891 shares of the company’s stock valued at $22,646,000 after buying an additional 35,980 shares during the last quarter. Fieldview Capital Management LLC grew its stake in Kontoor Brands by 50.8% in the 3rd quarter. Fieldview Capital Management LLC now owns 57,491 shares of the company’s stock valued at $4,586,000 after buying an additional 19,363 shares during the last quarter. Intech Investment Management LLC grew its stake in Kontoor Brands by 100.1% in the 3rd quarter. Intech Investment Management LLC now owns 139,122 shares of the company’s stock valued at $11,098,000 after buying an additional 69,609 shares during the last quarter. Finally, Capital World Investors grew its stake in Kontoor Brands by 8.5% in the 3rd quarter. Capital World Investors now owns 1,276,410 shares of the company’s stock valued at $101,819,000 after buying an additional 100,000 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Kontoor Brands Stock Performance

NYSE KTB opened at $73.47 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $4.06 billion, a P/E ratio of 14.87 and a beta of 0.91. Kontoor Brands, Inc. has a 12-month low of $53.55 and a 12-month high of $87.00. The firm has a 50-day moving average price of $71.26 and a two-hundred day moving average price of $69.29.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). The business had revenue of $613.32 million during the quarter, compared to the consensus estimate of $784.76 million. Kontoor Brands had a net margin of 8.81% and a return on equity of 55.20%. The business’s revenue for the quarter was up 45.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. Analysts anticipate that Kontoor Brands, Inc. will post 6.65 earnings per share for the current 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 issued a $0.53 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $2.12 dividend on an annualized basis and a yield of 2.9%. Kontoor Brands’s payout ratio is currently 42.91%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Kontoor Brands from $84.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Zacks Research upgraded shares of Kontoor Brands from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Wells Fargo & Company upped their price target on shares of Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Wall Street Zen lowered shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group assumed coverage on shares of Kontoor Brands in a research note on Wednesday, February 4th. They issued a “hold” rating and a $65.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.00.

Kontoor Brands News Roundup

Here are the key news stories impacting Kontoor Brands this week:

• Positive Sentiment: Kontoor reported stronger-than-expected Q1 adjusted earnings and raised its full-year outlook, signaling improving profitability and confidence in the business. Business Wire article
• Positive Sentiment: The company said revenue rose 45% year over year, helped by strong Helly Hansen performance and Wrangler market-share gains, which suggests core brand momentum. Business Wire article
• Positive Sentiment: Management announced a planned divestiture of the Lee brand and a $750 million share repurchase program, moves that could streamline the portfolio and support shareholder returns. Business Wire article
• Neutral Sentiment: Some early coverage emphasized that quarterly revenue missed Wall Street estimates even though earnings beat expectations, which may be limiting enthusiasm. Zacks article

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.