Kontoor Brands (NYSE:KTB) EVP Sells $639,073.80 in Stock

Kontoor Brands, Inc. (NYSE:KTB) EVP Thomas Doerr, Jr. sold 7,660 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $83.43, for a total value of $639,073.80. Following the transaction, the executive vice president owned 25,063 shares in the company, valued at $2,091,006.09. The trade was a 23.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kontoor Brands Stock Down 0.0%

KTB opened at $84.87 on Monday. The stock has a fifty day moving average of $82.08 and a 200-day moving average of $73.77. The company has a market capitalization of $4.64 billion, a P/E ratio of 17.72 and a beta of 0.88. Kontoor Brands, Inc. has a fifty-two week low of $56.19 and a fifty-two week high of $88.96. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.99 and a current ratio of 1.83.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The business had revenue of $584.29 million for the quarter, compared to the consensus estimate of $586.95 million. During the same period in the prior year, the company posted $1.33 earnings per share. Kontoor Brands’s revenue was down 11.2% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. On average, equities analysts expect that Kontoor Brands, Inc. will post 5.27 EPS for the current year.

Kontoor Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 8th. Kontoor Brands’s dividend payout ratio is presently 44.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Kontoor Brands from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Wall Street Zen downgraded Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. BTIG Research raised their price objective on Kontoor Brands from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group lifted their price objective on Kontoor Brands from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday. Finally, Zacks Research upgraded Kontoor Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Kontoor Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Institutional Trading of Kontoor Brands

Several large investors have recently made changes to their positions in the company. UBS Group AG lifted its stake in Kontoor Brands by 3.8% in the 4th quarter. UBS Group AG now owns 551,758 shares of the company’s stock valued at $33,707,000 after purchasing an additional 20,270 shares during the last quarter. AMG National Trust Bank boosted its position in Kontoor Brands by 19.9% in the fourth quarter. AMG National Trust Bank now owns 162,657 shares of the company’s stock valued at $9,937,000 after buying an additional 27,044 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Kontoor Brands by 8.9% during the fourth quarter. Jennison Associates LLC now owns 1,214,831 shares of the company’s stock worth $74,214,000 after buying an additional 99,593 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Kontoor Brands during the first quarter worth $1,918,000. Finally, Fifth Third Bancorp grew its stake in shares of Kontoor Brands by 5,635.9% during the first quarter. Fifth Third Bancorp now owns 82,826 shares of the company’s stock worth $5,822,000 after buying an additional 81,382 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.