Kontoor Brands, Inc. $KTB Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in shares of Kontoor Brands, Inc. (NYSE:KTB) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,606 shares of the company’s stock after purchasing an additional 13,184 shares during the period. Allspring Global Investments Holdings LLC owned 0.35% of Kontoor Brands worth $11,907,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Harbor Capital Advisors Inc. raised its position 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. CWM LLC boosted its holdings in Kontoor Brands by 4.0% in the 3rd quarter. CWM LLC now owns 4,069 shares of the company’s stock worth $325,000 after buying an additional 157 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Kontoor Brands by 11.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,633 shares of the company’s stock worth $130,000 after buying an additional 164 shares during the last quarter. Savant Capital LLC increased its stake in Kontoor Brands by 2.7% during the 3rd quarter. Savant Capital LLC now owns 7,494 shares of the company’s stock worth $598,000 after buying an additional 199 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Kontoor Brands by 2.5% during the third quarter. Allworth Financial LP now owns 8,553 shares of the company’s stock valued at $682,000 after acquiring an additional 211 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Trading Up 0.2%

Shares of Kontoor Brands stock opened at $69.13 on Monday. The stock has a market cap of $3.82 billion, a P/E ratio of 17.07 and a beta of 1.05. The stock’s 50 day simple moving average is $67.45 and its 200-day simple moving average is $70.44. Kontoor Brands, Inc. has a 1-year low of $50.00 and a 1-year high of $87.00. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.82 and a quick ratio of 0.87.

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. Kontoor Brands had a return on equity of 62.02% and a net margin of 7.22%.The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $975.78 million. During the same period in the prior year, the business earned $1.38 earnings per share. The business’s revenue was up 45.6% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. Analysts predict that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were paid a $0.53 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.1%. Kontoor Brands’s dividend payout ratio (DPR) is 52.35%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KTB shares. UBS Group raised their target price on Kontoor Brands from $118.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Barclays boosted their price target on Kontoor Brands from $74.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. BTIG Research raised their price objective on Kontoor Brands from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Jefferies Financial Group assumed coverage on shares of Kontoor Brands in a research note on Wednesday, February 4th. They set a “hold” rating and a $65.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on shares of Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

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.