Kontoor Brands (NYSE:KTB) Stock Falls 0.2% – Here’s What Happened

Kontoor Brands, Inc. (NYSE:KTB)’s stock price was down 0.2% on Monday. The stock traded as low as $72.50 and last traded at $73.1380. Approximately 726,091 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 647,895 shares. The stock had previously closed at $73.28.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KTB. Weiss Ratings cut Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Needham & Company LLC assumed coverage on shares of Kontoor Brands in a research note on Friday. They set a “hold” rating for the company. Wells Fargo & Company upped their price target on shares of Kontoor Brands from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. BTIG Research restated a “buy” rating and issued a $105.00 price objective on shares of Kontoor Brands in a research note on Tuesday, September 15th. Finally, UBS Group raised their target price on Kontoor Brands from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.56.

Kontoor Brands Price Performance

The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.99 and a current ratio of 1.83. The stock’s fifty day moving average price is $71.52 and its 200-day moving average price is $74.79. The firm has a market cap of $4.00 billion, a PE ratio of 15.27 and a beta of 0.87.

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

Kontoor Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $2.12 annualized dividend and a dividend yield of 2.9%. Kontoor Brands’s dividend payout ratio (DPR) is presently 44.26%.

Insider Buying and Selling at Kontoor Brands

In related news, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $83.43, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Scott H. Baxter sold 184,403 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $83.40, for a total value of $15,379,210.20. Following the completion of the transaction, the chief executive officer owned 261,786 shares in the company, valued at $21,832,952.40. This represents a 41.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is owned by company insiders.

Institutional Trading of Kontoor Brands

A number of institutional investors and hedge funds have recently made changes to their positions in KTB. GAMMA Investing LLC boosted its stake in Kontoor Brands by 7.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,991 shares of the company’s stock valued at $166,000 after purchasing an additional 134 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Kontoor Brands by 6.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,317 shares of the company’s stock worth $303,000 after acquiring an additional 245 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Kontoor Brands by 15.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,064 shares of the company’s stock valued at $145,000 after purchasing an additional 269 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Kontoor Brands by 2.8% during the fourth quarter. Corient Private Wealth LLC now owns 10,402 shares of the company’s stock worth $636,000 after purchasing an additional 280 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Kontoor Brands in the second quarter valued at about $26,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Company Profile

Kontoor Brands, Inc is a global lifestyle apparel company focused primarily on denim and casualwear. Its portfolio includes Wrangler, a denim and western-inspired apparel brand, and Lee, a denim and casualwear brand with a long history in the United States and international markets. The company also offers products under other brands, including Rock & Republic, and sells jeans, tops, jackets, shirts, shorts and related apparel.

Kontoor Brands serves consumers through wholesale partners, department stores, specialty retailers, mass merchants, company-operated and brand-specific retail locations, and e-commerce channels.