Ameritas Advisory Services LLC Takes Position in Kontoor Brands, Inc. $KTB

Ameritas Advisory Services LLC bought a new stake in Kontoor Brands, Inc. (NYSE:KTB) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 525 shares of the company’s stock, valued at approximately $35,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KTB. CX Institutional bought a new stake in shares of Kontoor Brands in the 1st quarter valued at about $32,000. Blue Trust Inc. raised its holdings in shares of Kontoor Brands by 23.4% in the 1st quarter. Blue Trust Inc. now owns 1,446 shares of the company’s stock valued at $93,000 after purchasing an additional 274 shares during the period. SVB Wealth LLC bought a new stake in shares of Kontoor Brands in the 1st quarter valued at about $94,000. Advisors Asset Management Inc. raised its holdings in shares of Kontoor Brands by 240.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,745 shares of the company’s stock valued at $112,000 after purchasing an additional 1,233 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in shares of Kontoor Brands by 12.7% in the 1st quarter. TD Private Client Wealth LLC now owns 1,797 shares of the company’s stock valued at $115,000 after purchasing an additional 203 shares during the period. 93.06% of the stock is owned by institutional investors.

Kontoor Brands Stock Performance

Shares of NYSE:KTB opened at $81.96 on Wednesday. The company’s 50 day simple moving average is $77.02 and its 200 day simple moving average is $68.81. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.80 and a beta of 1.15. The company has a debt-to-equity ratio of 2.74, a current ratio of 2.18 and a quick ratio of 0.95. Kontoor Brands, Inc. has a 1 year low of $50.00 and a 1 year high of $96.80.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 9.48% and a return on equity of 68.76%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. 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 predict that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KTB. BTIG Research began coverage on shares of Kontoor Brands in a report on Tuesday. They issued a “buy” rating and a $95.00 price target on the stock. Barclays reissued an “overweight” rating and issued a $91.00 price target (up from $86.00) on shares of Kontoor Brands in a report on Friday, August 8th. Wall Street Zen raised shares of Kontoor Brands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kontoor Brands in a report on Wednesday, October 8th. Finally, Stifel Nicolaus increased their price target on shares of Kontoor Brands from $72.00 to $73.00 and gave the company a “hold” rating in a report on Friday, August 8th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.86.

About Kontoor Brands

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.