Kontoor Brands, Inc. $KTB Stock Holdings Decreased by Vest Financial LLC

Vest Financial LLC lowered its stake in Kontoor Brands, Inc. (NYSE:KTB) by 19.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 41,698 shares of the company’s stock after selling 10,228 shares during the period. Vest Financial LLC’s holdings in Kontoor Brands were worth $2,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KTB. Royal Bank of Canada increased its position in shares of Kontoor Brands by 29.1% in the 1st quarter. Royal Bank of Canada now owns 105,895 shares of the company’s stock worth $6,793,000 after purchasing an additional 23,880 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Kontoor Brands by 49.3% in the 1st quarter. AQR Capital Management LLC now owns 14,641 shares of the company’s stock worth $939,000 after purchasing an additional 4,836 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Kontoor Brands by 250.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,388 shares of the company’s stock worth $602,000 after purchasing an additional 6,712 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Kontoor Brands by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,779 shares of the company’s stock valued at $2,102,000 after buying an additional 1,432 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Kontoor Brands by 222.5% in the 1st quarter. Millennium Management LLC now owns 156,332 shares of the company’s stock valued at $10,026,000 after buying an additional 107,855 shares during the period. Institutional investors own 93.06% of the company’s stock.

Analyst Ratings Changes

KTB has been the subject of several research reports. BTIG Research lifted their price target on shares of Kontoor Brands from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. The Goldman Sachs Group lifted their price target on shares of Kontoor Brands from $84.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Wells Fargo & Company lifted their price target on shares of Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Stifel Nicolaus lifted their price target on shares of Kontoor Brands from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. Finally, Barclays lifted their price target on shares of Kontoor Brands from $74.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Kontoor Brands Trading Down 0.1%

Kontoor Brands stock opened at $71.97 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 2.01. The firm has a 50-day moving average price of $70.72 and a two-hundred day moving average price of $69.63. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 17.77 and a beta of 1.05. Kontoor Brands, Inc. has a 52-week low of $53.55 and a 52-week high of $87.00.

Kontoor Brands (NYSE:KTB) last posted its 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 net margin of 7.22% and a return on equity of 62.02%. During the same quarter last year, the business posted $1.38 earnings per share. Kontoor Brands’s revenue for the quarter was up 45.6% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. Sell-side analysts expect that Kontoor Brands, Inc. will post 6.46 earnings per share for the current year.

Kontoor Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 8th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, June 8th. Kontoor Brands’s payout ratio is 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.