Kontoor Brands (NYSE:KTB) EVP Thomas Doerr, Jr. Sells 7,660 Shares of Stock

Kontoor Brands, Inc. (NYSE:KTB) EVP Thomas Doerr, Jr. sold 7,660 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $83.43, for a total value of $639,073.80. Following the completion of the sale, the executive vice president directly owned 25,063 shares in the company, valued at approximately $2,091,006.09. This trade represents a 23.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kontoor Brands Stock Performance

Shares of KTB stock opened at $84.87 on Friday. Kontoor Brands, Inc. has a 12-month low of $56.19 and a 12-month high of $88.96. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 1.10. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 17.72 and a beta of 0.88. The business has a 50 day simple moving average of $82.08 and a 200 day simple moving average of $73.66.

Kontoor Brands (NYSE:KTB) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The company had revenue of $584.29 million during the quarter, compared to analyst estimates of $586.95 million. During the same period in the prior year, the business posted $1.33 EPS. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. On average, equities research analysts anticipate that Kontoor Brands, Inc. will post 5.27 EPS for the current year.

Kontoor Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 8th. Kontoor Brands’s dividend payout ratio is presently 44.26%.

Institutional Trading of Kontoor Brands

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Kontoor Brands during the second quarter valued at about $674,664,000. JPMorgan Chase & Co. raised its holdings in shares of Kontoor Brands by 15.8% during the fourth quarter. JPMorgan Chase & Co. now owns 3,019,204 shares of the company’s stock valued at $184,443,000 after acquiring an additional 413,005 shares during the period. Geode Capital Management LLC lifted its position in shares of Kontoor Brands by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,419,700 shares of the company’s stock valued at $86,741,000 after acquiring an additional 13,725 shares in the last quarter. Morgan Stanley lifted its position in shares of Kontoor Brands by 8.8% in the 4th quarter. Morgan Stanley now owns 1,283,592 shares of the company’s stock valued at $78,415,000 after acquiring an additional 104,296 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Kontoor Brands by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,268,336 shares of the company’s stock worth $89,132,000 after purchasing an additional 6,477 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KTB. Wells Fargo & Company lifted their price objective on shares of Kontoor Brands from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wall Street Zen cut shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings lowered shares of Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Kontoor Brands from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Finally, UBS Group upped their price target on Kontoor Brands from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Kontoor Brands presently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

About Kontoor Brands

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.