Fieldview Capital Management LLC Acquires 22,581 Shares of Kontoor Brands, Inc. $KTB

Fieldview Capital Management LLC grew its holdings in Kontoor Brands, Inc. (NYSE:KTB) by 39.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 80,072 shares of the company’s stock after purchasing an additional 22,581 shares during the period. Kontoor Brands makes up about 0.8% of Fieldview Capital Management LLC’s portfolio, making the stock its 12th biggest position. Fieldview Capital Management LLC owned about 0.14% of Kontoor Brands worth $4,892,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clearstead Advisors LLC grew its position in Kontoor Brands by 2,538.5% during the 3rd quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock worth $27,000 after acquiring an additional 330 shares during the last quarter. Assetmark Inc. increased its holdings in Kontoor Brands by 532.3% in the 3rd quarter. Assetmark Inc. now owns 392 shares of the company’s stock worth $31,000 after purchasing an additional 330 shares in the last quarter. Transamerica Financial Advisors LLC increased its holdings in Kontoor Brands by 335.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock worth $25,000 after purchasing an additional 312 shares in the last quarter. Torren Management LLC acquired a new position in Kontoor Brands in the 4th quarter worth about $27,000. Finally, Private Trust Co. NA acquired a new position in Kontoor Brands in the 4th quarter worth about $31,000. Institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

KTB has been the subject of a number of recent research reports. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Kontoor Brands in a report on Friday, May 1st. JPMorgan Chase & Co. initiated coverage on Kontoor Brands in a report on Monday, June 8th. They issued an “overweight” rating and a $90.00 target price for the company. Zacks Research cut Kontoor Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday. Barclays upped their target price on Kontoor Brands from $93.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Finally, Stifel Nicolaus upped their target price on Kontoor Brands from $75.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $91.20.

Kontoor Brands Trading Down 1.6%

NYSE KTB opened at $79.09 on Friday. The business’s 50-day moving average price is $71.61 and its two-hundred day moving average price is $68.17. Kontoor Brands, Inc. has a 12 month low of $53.55 and a 12 month high of $87.00. The firm has a market capitalization of $4.37 billion, a PE ratio of 16.01 and a beta of 0.89. The company has a current ratio of 1.87, a quick ratio of 1.10 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). Kontoor Brands had a net margin of 8.30% and a return on equity of 60.17%. The company had revenue of $613.32 million during the quarter, compared to the consensus estimate of $784.76 million. During the same quarter last year, the firm posted $1.20 EPS. The company’s quarterly revenue was up 45.0% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. On average, analysts expect that Kontoor Brands, Inc. will post 5.2 EPS for the current year.

Kontoor Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 8th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, June 8th. Kontoor Brands’s payout ratio is 42.91%.

Kontoor Brands Company 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.