Bank of Montreal Can Has $929,000 Stake in Kontoor Brands, Inc. $KTB

Bank of Montreal Can lifted its stake in Kontoor Brands, Inc. (NYSE:KTB) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,078 shares of the company’s stock after purchasing an additional 713 shares during the period. Bank of Montreal Can’s holdings in Kontoor Brands were worth $929,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KTB. Zurich Insurance Group Ltd FI bought a new stake in shares of Kontoor Brands during the first quarter worth approximately $898,000. American Century Companies Inc. grew its holdings in Kontoor Brands by 9.4% during the 1st quarter. American Century Companies Inc. now owns 44,620 shares of the company’s stock worth $2,862,000 after acquiring an additional 3,846 shares during the period. EP Wealth Advisors LLC acquired a new stake in Kontoor Brands during the 1st quarter worth $306,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Kontoor Brands by 5.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,091,445 shares of the company’s stock valued at $69,994,000 after acquiring an additional 53,992 shares during the last quarter. Finally, Maverick Capital Ltd. raised its position in shares of Kontoor Brands by 876.5% during the 1st quarter. Maverick Capital Ltd. now owns 29,001 shares of the company’s stock valued at $1,860,000 after acquiring an additional 26,031 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

Analysts Set New Price Targets

KTB has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Wall Street Zen lowered Kontoor Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. BTIG Research reiterated a “buy” rating and issued a $95.00 price target on shares of Kontoor Brands in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Kontoor Brands in a research note on Thursday. Finally, Baird R W upgraded shares of 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, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.00.

Kontoor Brands Trading Down 3.0%

NYSE:KTB opened at $71.76 on Friday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.91 and a quick ratio of 0.82. The business’s 50-day simple moving average is $79.85 and its 200-day simple moving average is $72.25. Kontoor Brands, Inc. has a fifty-two week low of $50.00 and a fifty-two week high of $96.80. The stock has a market capitalization of $3.99 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27.

Kontoor Brands (NYSE:KTB) last announced its earnings results on Monday, November 3rd. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.35 by $0.09. Kontoor Brands had a net margin of 7.68% and a return on equity of 63.21%. The firm had revenue of $853.22 million for the quarter, compared to the consensus estimate of $879.10 million. During the same period last year, the company posted $1.37 EPS. The business’s quarterly revenue was up 27.3% on a year-over-year basis. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS. Q4 2025 guidance at 1.640-1.640 EPS. Sell-side analysts expect that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Monday, December 8th will be given a $0.53 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $2.12 annualized dividend and a yield of 3.0%. This is an increase from Kontoor Brands’s previous quarterly dividend of $0.52. Kontoor Brands’s payout ratio is presently 53.61%.

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.