Campbell & CO Investment Adviser LLC Has $1.50 Million Position in Kontoor Brands, Inc. $KTB

Campbell & CO Investment Adviser LLC cut its stake in shares of Kontoor Brands, Inc. (NYSE:KTB) by 61.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,766 shares of the company’s stock after selling 29,973 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Kontoor Brands were worth $1,497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KTB. Concurrent Investment Advisors LLC acquired a new stake in shares of Kontoor Brands during the 3rd quarter valued at $408,000. Nordea Investment Management AB acquired a new position in shares of Kontoor Brands in the third quarter worth $7,357,000. First Horizon Corp purchased a new stake in shares of Kontoor Brands during the third quarter worth $31,000. SG Americas Securities LLC boosted its position in Kontoor Brands by 177.7% during the third quarter. SG Americas Securities LLC now owns 15,014 shares of the company’s stock valued at $1,198,000 after purchasing an additional 9,607 shares during the last quarter. Finally, Retirement Guys Formula LLC acquired a new stake in Kontoor Brands during the third quarter valued at $228,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Kontoor Brands Stock Performance

Shares of NYSE KTB opened at $59.41 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.91 and a debt-to-equity ratio of 2.53. The business’s 50 day moving average is $66.97 and its two-hundred day moving average is $71.86. The company has a market cap of $3.30 billion, a P/E ratio of 15.31 and a beta of 1.21. Kontoor Brands, Inc. has a 12 month low of $50.00 and a 12 month high of $96.80.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings data on Monday, November 3rd. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.09. Kontoor Brands had a return on equity of 63.21% and a net margin of 7.68%.The company had revenue of $853.22 million during the quarter, compared to analysts’ expectations of $879.10 million. During the same period in the prior year, the business earned $1.37 earnings per share. Kontoor Brands’s revenue for the quarter was up 27.3% compared to the same quarter last year. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS and its Q4 2025 guidance at 1.640-1.640 EPS. On average, equities 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 was paid on Thursday, December 18th. Stockholders of record on Monday, December 8th were paid a $0.53 dividend. The ex-dividend date was Monday, December 8th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from Kontoor Brands’s previous quarterly dividend of $0.52. Kontoor Brands’s dividend payout ratio is currently 54.64%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays set a $74.00 target price on Kontoor Brands in a research report on Tuesday, January 6th. Wall Street Zen cut Kontoor Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Baird R W upgraded Kontoor Brands to a “strong-buy” rating in a report on Friday, October 17th. Robert W. Baird initiated coverage on shares of Kontoor Brands in a research note on Friday, October 17th. They issued an “outperform” rating and a $105.00 target price for the company. Finally, Stifel Nicolaus boosted their target price on shares of Kontoor Brands from $73.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.75.

Kontoor Brands Company Profile

Kontoor Brands, Inc is a global apparel company best known for its Wrangler and Lee denim and lifestyle brands. Established as an independent, publicly traded company in May 2019 following a spin-off from VF Corporation, Kontoor leverages a legacy that dates back to 1889 with the founding of Lee and to 1947 with the introduction of the Wrangler brand. The company focuses on designing, manufacturing and distributing premium, casual and workwear apparel, including jeans, pants, shorts, shirts, jackets and complementary accessories.

Kontoor Brands operates a diversified sales model that combines wholesale partnerships with leading retailers, distribution through e-commerce channels and select direct-to-consumer formats.