Universal Beteiligungs und Servicegesellschaft mbH Increases Holdings in Kontoor Brands, Inc. $KTB

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Kontoor Brands, Inc. (NYSE:KTB) by 49.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,184 shares of the company’s stock after acquiring an additional 28,491 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.16% of Kontoor Brands worth $6,875,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Kontoor Brands by 69.3% during the second quarter. JPMorgan Chase & Co. now owns 2,553,092 shares of the company’s stock worth $168,428,000 after purchasing an additional 1,044,921 shares during the last quarter. Norges Bank acquired a new stake in Kontoor Brands during the second quarter worth approximately $45,762,000. Invesco Ltd. lifted its position in shares of Kontoor Brands by 54.2% during the 2nd quarter. Invesco Ltd. now owns 1,241,839 shares of the company’s stock worth $81,924,000 after buying an additional 436,246 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Kontoor Brands by 134.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 468,630 shares of the company’s stock valued at $30,916,000 after buying an additional 268,604 shares in the last quarter. Finally, Man Group plc grew its position in shares of Kontoor Brands by 23.7% in the 2nd quarter. Man Group plc now owns 765,512 shares of the company’s stock valued at $50,501,000 after buying an additional 146,858 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Stock Performance

NYSE KTB opened at $57.82 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.91 and a debt-to-equity ratio of 2.53. Kontoor Brands, Inc. has a 52-week low of $50.00 and a 52-week high of $96.80. The business’s 50-day moving average price is $65.63 and its 200 day moving average price is $71.43. The firm has a market cap of $3.21 billion, a P/E ratio of 14.90 and a beta of 1.21.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings data on Monday, November 3rd. The company reported $1.44 EPS 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 firm had revenue of $853.22 million during the quarter, compared to the consensus estimate of $879.10 million. During the same period in the prior year, the business earned $1.37 EPS. The firm’s revenue 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 research analysts expect that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KTB. Robert W. Baird initiated coverage on shares of Kontoor Brands in a research report on Friday, October 17th. They issued an “outperform” rating and a $105.00 price target for the company. Stifel Nicolaus boosted 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. UBS Group upped their target price on Kontoor Brands from $114.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. BNP Paribas Exane set a $50.00 price target on Kontoor Brands in a research note on Tuesday, December 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kontoor Brands in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.13.

Kontoor Brands 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.