Fieldview Capital Management LLC Buys 22,581 Shares of Kontoor Brands, Inc. $KTB

Fieldview Capital Management LLC raised its stake in Kontoor Brands, Inc. (NYSE:KTB) by 39.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 80,072 shares of the company’s stock after buying an additional 22,581 shares during the period. Kontoor Brands comprises about 0.8% of Fieldview Capital Management LLC’s portfolio, making the stock its 12th biggest position. Fieldview Capital Management LLC’s holdings in Kontoor Brands were worth $4,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KTB. Transamerica Financial Advisors LLC boosted its position in shares of Kontoor Brands by 335.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock valued at $25,000 after purchasing an additional 312 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of Kontoor Brands by 2,538.5% during the 3rd quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock valued at $27,000 after purchasing an additional 330 shares in the last quarter. Torren Management LLC bought a new stake in shares of Kontoor Brands during the 4th quarter valued at about $27,000. Assetmark Inc. boosted its position in shares of Kontoor Brands by 532.3% during the 3rd quarter. Assetmark Inc. now owns 392 shares of the company’s stock valued at $31,000 after purchasing an additional 330 shares in the last quarter. Finally, Private Trust Co. NA bought a new stake in shares of Kontoor Brands during the 4th quarter valued at about $31,000. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Trading Down 1.6%

Shares of Kontoor Brands stock opened at $79.09 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.10 and a current ratio of 1.87. Kontoor Brands, Inc. has a 52 week low of $53.55 and a 52 week high of $87.00. The stock has a 50 day moving average price of $71.61 and a two-hundred day moving average price of $68.17. The stock has a market capitalization of $4.37 billion, a PE ratio of 16.01 and a beta of 0.89.

Kontoor Brands (NYSE:KTB) last issued its earnings results on Thursday, May 7th. The company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). Kontoor Brands had a return on equity of 60.17% and a net margin of 8.30%.The firm had revenue of $613.32 million for the quarter, compared to analyst estimates of $784.76 million. During the same period in the previous year, the company earned $1.20 earnings per share. Kontoor Brands’s revenue for the quarter was up 45.0% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. As a group, equities analysts anticipate that Kontoor Brands, Inc. will post 5.2 earnings per share for the current fiscal year.

Kontoor Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders 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 2.7%. The ex-dividend date of this dividend is Monday, June 8th. Kontoor Brands’s dividend payout ratio is presently 42.91%.

Wall Street Analyst Weigh In

Several brokerages recently commented on KTB. Wells Fargo & Company upped their target price on Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Weiss Ratings upgraded Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Stifel Nicolaus upped their target price on Kontoor Brands from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. UBS Group upped 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. Finally, JPMorgan Chase & Co. began coverage on Kontoor Brands in a research report on Monday, June 8th. They set an “overweight” rating and a $90.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.20.

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.