Kontoor Brands, Inc. $KTB Shares Acquired by Fieldview Capital Management LLC

Fieldview Capital Management LLC boosted its position in Kontoor Brands, Inc. (NYSE:KTB) by 50.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,491 shares of the company’s stock after purchasing an additional 19,363 shares during the quarter. Kontoor Brands comprises about 0.7% of Fieldview Capital Management LLC’s holdings, making the stock its 26th largest position. Fieldview Capital Management LLC owned 0.10% of Kontoor Brands worth $4,586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KTB. Harbor Capital Advisors Inc. boosted its stake in shares of Kontoor Brands by 73.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 308 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Kontoor Brands in the second quarter valued at approximately $26,000. Clearstead Advisors LLC lifted its stake in shares of Kontoor Brands by 2,538.5% during the third quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock valued at $27,000 after buying an additional 330 shares during the period. Salomon & Ludwin LLC lifted its stake in shares of Kontoor Brands by 2,614.3% during the third quarter. Salomon & Ludwin LLC now owns 380 shares of the company’s stock valued at $31,000 after buying an additional 366 shares during the period. Finally, First Horizon Corp acquired a new stake in Kontoor Brands during the third quarter worth approximately $31,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KTB has been the subject of several recent analyst reports. BNP Paribas Exane set a $50.00 target price on shares of Kontoor Brands in a research note on Tuesday, December 9th. The Goldman Sachs Group raised their price objective on Kontoor Brands from $84.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kontoor Brands in a research report on Monday, December 29th. Jefferies Financial Group initiated coverage on Kontoor Brands in a research note on Wednesday, February 4th. They issued a “hold” rating and a $65.00 target price for the company. Finally, Stifel Nicolaus increased their price objective on shares of Kontoor Brands from $75.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Kontoor Brands Trading Down 2.8%

Shares of KTB opened at $76.57 on Monday. Kontoor Brands, Inc. has a twelve month low of $50.00 and a twelve month high of $87.00. The firm has a market capitalization of $4.23 billion, a P/E ratio of 18.91 and a beta of 1.15. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 2.01. The stock’s fifty day simple moving average is $64.07 and its 200 day simple moving average is $71.86.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $975.78 million. Kontoor Brands had a return on equity of 62.02% and a net margin of 7.22%.The firm’s quarterly revenue was up 45.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.38 earnings per share. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. On average, equities research analysts forecast that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be issued a $0.53 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $2.12 annualized dividend and a yield of 2.8%. Kontoor Brands’s dividend payout ratio (DPR) is presently 52.35%.

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.