Kontoor Brands, Inc. $KTB Position Increased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Kontoor Brands, Inc. (NYSE:KTB) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,838 shares of the company’s stock after buying an additional 962 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Kontoor Brands were worth $847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new position in shares of Kontoor Brands in the 2nd quarter worth $26,000. Ameritas Advisory Services LLC acquired a new position in shares of Kontoor Brands in the 2nd quarter valued at $35,000. SVB Wealth LLC purchased a new position in Kontoor Brands in the 1st quarter worth about $94,000. Advisors Asset Management Inc. raised its holdings in Kontoor Brands by 240.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,745 shares of the company’s stock worth $112,000 after buying an additional 1,233 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Kontoor Brands by 196.7% during the second quarter. GAMMA Investing LLC now owns 1,774 shares of the company’s stock valued at $117,000 after buying an additional 1,176 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on KTB shares. BTIG Research reissued a “buy” rating and issued a $95.00 target price on shares of Kontoor Brands in a research report on Tuesday, November 4th. UBS Group lifted their price objective on shares of Kontoor Brands from $114.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Stifel Nicolaus increased their target price on Kontoor Brands from $73.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kontoor Brands in a research report on Wednesday, November 19th. Finally, Barclays upped their price target on Kontoor Brands from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. One investment 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 company’s stock. According to MarketBeat.com, Kontoor Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Kontoor Brands Price Performance

KTB opened at $70.73 on Tuesday. The stock has a fifty day moving average price of $78.57 and a 200 day moving average price of $72.54. The company has a current ratio of 1.91, a quick ratio of 0.82 and a debt-to-equity ratio of 2.53. Kontoor Brands, Inc. has a 1 year low of $50.00 and a 1 year high of $96.80. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 18.23 and a beta of 1.27.

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

Kontoor Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Monday, December 8th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.0%. This is a boost from Kontoor Brands’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, December 8th. Kontoor Brands’s dividend 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.