Vanguard Personalized Indexing Management LLC Buys Shares of 3,609 Kontoor Brands, Inc. $KTB

Vanguard Personalized Indexing Management LLC bought a new stake in Kontoor Brands, Inc. (NYSE:KTB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,609 shares of the company’s stock, valued at approximately $238,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in Kontoor Brands in the second quarter valued at approximately $35,000. SVB Wealth LLC acquired a new stake in Kontoor Brands in the first quarter valued at approximately $94,000. Advisors Asset Management Inc. lifted its stake in Kontoor Brands by 240.8% in the first quarter. Advisors Asset Management Inc. now owns 1,745 shares of the company’s stock valued at $112,000 after acquiring an additional 1,233 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in Kontoor Brands by 12.7% in the first quarter. TD Private Client Wealth LLC now owns 1,797 shares of the company’s stock valued at $115,000 after acquiring an additional 203 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Kontoor Brands by 196.7% in the second quarter. GAMMA Investing LLC now owns 1,774 shares of the company’s stock valued at $117,000 after acquiring an additional 1,176 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KTB has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Kontoor Brands from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kontoor Brands in a research report on Saturday. Stifel Nicolaus lifted their price target on shares of Kontoor Brands from $72.00 to $73.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Barclays reissued an “overweight” rating and issued a $91.00 price target (up previously from $86.00) on shares of Kontoor Brands in a research report on Friday, August 8th. Finally, BTIG Research initiated coverage on shares of Kontoor Brands in a research report on Tuesday, October 14th. They issued a “buy” rating and a $95.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.38.

Kontoor Brands Trading Down 1.3%

Shares of KTB stock opened at $84.85 on Friday. The firm has a market capitalization of $4.71 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 1.95 and a beta of 1.15. 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 firm’s fifty day simple moving average is $79.91 and its 200 day simple moving average is $70.26. 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 results 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 firm had revenue of $658.26 million for the quarter, compared to analyst estimates of $632.97 million. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous 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, sell-side analysts predict that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Monday, December 8th will be issued a $0.53 dividend. This is a boost from Kontoor Brands’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, December 8th. This represents a $2.12 annualized dividend and a yield of 2.5%. Kontoor Brands’s payout ratio is presently 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.