GAMMA Investing LLC Raises Holdings in Kontoor Brands, Inc. $KTB

GAMMA Investing LLC boosted its stake in shares of Kontoor Brands, Inc. (NYSE:KTB) by 196.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,774 shares of the company’s stock after acquiring an additional 1,176 shares during the quarter. GAMMA Investing LLC’s holdings in Kontoor Brands were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of KTB. Nuveen LLC purchased a new stake in Kontoor Brands during the 1st quarter valued at about $19,837,000. Wellington Management Group LLP raised 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 purchasing an additional 253,140 shares during the last quarter. MetLife Investment Management LLC raised its position in Kontoor Brands by 639.3% during the 1st quarter. MetLife Investment Management LLC now owns 242,915 shares of the company’s stock valued at $15,578,000 after purchasing an additional 210,059 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in Kontoor Brands by 64.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 396,553 shares of the company’s stock valued at $25,431,000 after purchasing an additional 154,753 shares during the last quarter. Finally, Nomura Holdings Inc. raised its position in Kontoor Brands by 694.3% during the 1st quarter. Nomura Holdings Inc. now owns 175,900 shares of the company’s stock valued at $11,280,000 after purchasing an additional 153,754 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Kontoor Brands Stock Performance

Shares of KTB opened at $81.96 on Thursday. The business’s fifty day simple moving average is $73.25 and its two-hundred day simple moving average is $67.77. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 2.74. Kontoor Brands, Inc. has a 12 month low of $50.00 and a 12 month high of $96.80. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.83 and a beta of 1.15.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.35. The firm had revenue of $658.26 million for the quarter, compared to the consensus estimate of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the business 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. Research analysts anticipate that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, September 9th. Kontoor Brands’s dividend payout ratio (DPR) is currently 46.43%.

Analyst Ratings Changes

A number of research analysts have commented on KTB shares. Stifel Nicolaus upped their price target on Kontoor Brands from $72.00 to $73.00 and gave the company a “hold” rating in a research report on Friday, August 8th. The Goldman Sachs Group set a $85.00 price target on Kontoor Brands and gave the company a “buy” rating in a research report on Tuesday, June 10th. UBS Group upped their price target on Kontoor Brands from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Barclays reaffirmed an “overweight” rating and set a $91.00 price target (up previously from $86.00) on shares of Kontoor Brands in a research report on Friday, August 8th. Finally, Wells Fargo & Company increased their target price on Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.33.

Kontoor Brands Company 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.