Jennifer Broyles Sells 4,000 Shares of Kontoor Brands (NYSE:KTB) Stock

Kontoor Brands, Inc. (NYSE:KTB) EVP Jennifer Broyles sold 4,000 shares of Kontoor Brands stock in a transaction on Friday, June 12th. The shares were sold at an average price of $81.02, for a total value of $324,080.00. Following the completion of the transaction, the executive vice president owned 40,261 shares in the company, valued at approximately $3,261,946.22. The trade was a 9.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Kontoor Brands Trading Down 2.1%

Shares of KTB opened at $77.52 on Wednesday. Kontoor Brands, Inc. has a 52-week low of $53.55 and a 52-week high of $87.00. The business’s fifty day moving average is $71.98 and its 200-day moving average is $68.22. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.10 and a current ratio of 1.87. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 15.69 and a beta of 0.89.

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

Kontoor Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 8th will be paid a $0.53 dividend. The ex-dividend date is Monday, June 8th. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. Kontoor Brands’s dividend payout ratio (DPR) is presently 42.91%.

Analyst Ratings Changes

KTB has been the topic of several recent analyst reports. Weiss Ratings lowered Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Barclays lifted their price target on Kontoor Brands from $93.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. 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 price objective on the stock. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of Kontoor Brands in a research report on Friday, May 1st. Finally, Zacks Research lowered Kontoor Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.20.

Institutional Investors Weigh In On Kontoor Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of KTB. Transamerica Financial Advisors LLC grew its position in Kontoor Brands by 335.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock worth $25,000 after acquiring an additional 312 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Kontoor Brands by 2,538.5% during the 3rd quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock worth $27,000 after buying an additional 330 shares during the period. Torren Management LLC acquired a new position in Kontoor Brands during the 4th quarter worth about $27,000. Assetmark Inc. lifted its holdings in Kontoor Brands by 532.3% during the 3rd quarter. Assetmark Inc. now owns 392 shares of the company’s stock worth $31,000 after buying an additional 330 shares during the period. Finally, Private Trust Co. NA acquired a new position in Kontoor Brands during the 4th quarter worth about $31,000. Institutional investors own 93.06% of the company’s stock.

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.