Mutual of America Capital Management LLC Sells 803 Shares of Kontoor Brands, Inc. $KTB

Mutual of America Capital Management LLC lowered its stake in shares of Kontoor Brands, Inc. (NYSE:KTB) by 11.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,424 shares of the company’s stock after selling 803 shares during the period. Mutual of America Capital Management LLC’s holdings in Kontoor Brands were worth $424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in KTB. Nuveen LLC bought a new stake in shares of Kontoor Brands during the 1st quarter worth approximately $19,837,000. Wellington Management Group LLP raised its stake in Kontoor Brands by 135.4% in 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 during the period. MetLife Investment Management LLC raised its stake in Kontoor Brands by 639.3% in the 1st quarter. MetLife Investment Management LLC now owns 242,915 shares of the company’s stock valued at $15,578,000 after acquiring an additional 210,059 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Kontoor Brands by 64.0% in 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 acquiring an additional 154,753 shares during the period. Finally, Nomura Holdings Inc. raised its stake in Kontoor Brands by 694.3% in the 1st quarter. Nomura Holdings Inc. now owns 175,900 shares of the company’s stock valued at $11,280,000 after acquiring an additional 153,754 shares during the period. Institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

KTB has been the topic of a number of research analyst reports. Robert W. Baird initiated coverage on Kontoor Brands in a research note on Friday, October 17th. They issued an “outperform” rating and a $105.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Kontoor Brands in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price target on Kontoor Brands from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, September 11th. BTIG Research began coverage on Kontoor Brands in a research note on Tuesday, October 14th. They issued a “buy” rating and a $95.00 price target on the stock. Finally, Baird R W raised Kontoor Brands to a “strong-buy” rating in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.38.

Kontoor Brands Stock Performance

Shares of NYSE KTB opened at $83.35 on Wednesday. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.97 and a beta of 1.15. Kontoor Brands, Inc. has a one year low of $50.00 and a one year high of $96.80. The company has a debt-to-equity ratio of 2.74, a current ratio of 2.18 and a quick ratio of 0.95. The stock’s fifty day moving average price is $80.41 and its two-hundred day moving average price is $70.70.

Kontoor Brands (NYSE:KTB) last released its earnings results on Thursday, August 7th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.35. The company had revenue of $658.26 million for the quarter, compared to analyst estimates of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.Kontoor Brands’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. On average, equities analysts forecast that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Monday, December 8th will be issued a dividend of $0.53 per share. This is an increase 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 dividend yield of 2.5%. Kontoor Brands’s payout ratio is currently 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.