Advisors Asset Management Inc. Purchases 1,233 Shares of Kontoor Brands, Inc. $KTB

Advisors Asset Management Inc. raised its position in shares of Kontoor Brands, Inc. (NYSE:KTB) by 240.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,745 shares of the company’s stock after acquiring an additional 1,233 shares during the quarter. Advisors Asset Management Inc.’s holdings in Kontoor Brands were worth $112,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Northern Trust Corp boosted its position in Kontoor Brands by 1.0% during the 1st quarter. Northern Trust Corp now owns 1,134,524 shares of the company’s stock valued at $72,757,000 after acquiring an additional 10,847 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Kontoor Brands by 5.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,091,445 shares of the company’s stock valued at $69,994,000 after acquiring an additional 53,992 shares in the last quarter. Jennison Associates LLC boosted its position in Kontoor Brands by 10.7% during the 1st quarter. Jennison Associates LLC now owns 876,666 shares of the company’s stock valued at $56,221,000 after acquiring an additional 84,588 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Kontoor Brands by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 597,638 shares of the company’s stock valued at $38,327,000 after acquiring an additional 10,748 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Kontoor Brands by 135.4% during the 1st quarter. Wellington Management Group LLP now owns 440,135 shares of the company’s stock valued at $28,226,000 after acquiring an additional 253,140 shares in the last quarter. 93.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

KTB has been the topic of several research reports. The Goldman Sachs Group set a $85.00 price objective on Kontoor Brands and gave the company a “buy” rating in a research report on Tuesday, June 10th. Wells Fargo & Company upped their price target on Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group upped their price target on Kontoor Brands from $92.00 to $99.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wall Street Zen upgraded Kontoor Brands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Barclays restated an “overweight” rating and issued a $91.00 price target (up previously from $86.00) on shares of Kontoor Brands in a research note on Friday, August 8th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.33.

Kontoor Brands Stock Performance

KTB stock opened at $81.09 on Friday. The stock has a market capitalization of $4.51 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10. Kontoor Brands, Inc. has a 12-month low of $50.00 and a 12-month high of $96.80. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 2.74. The stock’s 50 day simple moving average is $69.63 and its 200 day simple moving average is $66.15.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.35. The business had revenue of $658.26 million for the quarter, compared to analysts’ expectations of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. As a group, research analysts forecast that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Tuesday, September 9th will be given a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $2.08 annualized dividend and a yield of 2.6%. Kontoor Brands’s dividend payout ratio is 46.43%.

Kontoor Brands Profile

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.