GSA Capital Partners LLP Makes New $2.81 Million Investment in Kontoor Brands, Inc. $KTB

GSA Capital Partners LLP bought a new position in Kontoor Brands, Inc. (NYSE:KTB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 46,002 shares of the company’s stock, valued at approximately $2,810,000. GSA Capital Partners LLP owned approximately 0.08% of Kontoor Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Clearstead Advisors LLC increased its holdings in Kontoor Brands by 2,538.5% in the third quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock worth $27,000 after purchasing an additional 330 shares in the last quarter. Torren Management LLC bought a new stake in Kontoor Brands in the fourth quarter worth approximately $27,000. First Horizon Corp bought a new stake in Kontoor Brands in the third quarter worth approximately $31,000. Assetmark Inc. increased its holdings in Kontoor Brands by 532.3% in the third quarter. Assetmark Inc. now owns 392 shares of the company’s stock worth $31,000 after purchasing an additional 330 shares in the last quarter. Finally, Private Trust Co. NA bought a new stake in Kontoor Brands in the fourth quarter worth approximately $31,000. 93.06% of the stock is currently owned by institutional investors.

Kontoor Brands Stock Up 3.9%

KTB stock opened at $64.20 on Tuesday. 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 company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 13.00 and a beta of 0.91. Kontoor Brands, Inc. has a fifty-two week low of $53.55 and a fifty-two week high of $87.00. The stock has a fifty day moving average of $70.59 and a 200-day moving average of $68.37.

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

Kontoor Brands Dividend Announcement

The company 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 dividend of $0.53 per share. The ex-dividend date is Monday, June 8th. This represents a $2.12 annualized dividend and a dividend yield of 3.3%. Kontoor Brands’s dividend payout ratio is presently 42.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KTB shares. The Goldman Sachs Group lifted their target price on Kontoor Brands from $84.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Stifel Nicolaus boosted their price objective on Kontoor Brands from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. Barclays boosted their price objective on Kontoor Brands from $93.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Wells Fargo & Company boosted their price objective on Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen downgraded Kontoor Brands from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.33.

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.