Kontoor Brands, Inc. $KTB Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its position in Kontoor Brands, Inc. (NYSE:KTB) by 55.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,950 shares of the company’s stock after selling 3,723 shares during the period. AlphaQuest LLC’s holdings in Kontoor Brands were worth $195,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of KTB. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Kontoor Brands by 14.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,908 shares of the company’s stock worth $315,000 after acquiring an additional 611 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Kontoor Brands by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 266,977 shares of the company’s stock worth $17,121,000 after acquiring an additional 5,955 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Kontoor Brands by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 597,638 shares of the company’s stock worth $38,327,000 after acquiring an additional 10,748 shares during the period. TD Private Client Wealth LLC grew 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 worth $115,000 after acquiring an additional 203 shares during the period. Finally, Financial Counselors Inc. grew its holdings in shares of Kontoor Brands by 38.9% in the 1st quarter. Financial Counselors Inc. now owns 7,145 shares of the company’s stock worth $458,000 after acquiring an additional 2,002 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Price Performance

KTB stock opened at $81.12 on Monday. Kontoor Brands, Inc. has a 52-week low of $50.00 and a 52-week high of $96.80. The stock’s fifty day simple moving average is $80.85 and its 200-day simple moving average is $71.35. The company has a quick ratio of 0.95, a current ratio of 2.18 and a debt-to-equity ratio of 2.74. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings data 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. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The business had revenue of $658.26 million for the quarter, compared to analysts’ expectations of $632.97 million. During the same quarter last year, the firm earned $0.98 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. Equities research analysts expect that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Increases Dividend

The firm also recently disclosed 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 represents a $2.12 annualized dividend and a dividend yield of 2.6%. This is a positive change from Kontoor Brands’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, December 8th. Kontoor Brands’s payout ratio is 46.43%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price target on Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Wall Street Zen raised Kontoor Brands from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Barclays reissued 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. BTIG Research assumed coverage on Kontoor Brands in a research report on Tuesday, October 14th. They set a “buy” rating and a $95.00 price target for the company. Finally, UBS Group raised their price target on Kontoor Brands from $99.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.71.

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.