Morningstar Investment Management LLC Makes New $635,000 Investment in Kontoor Brands, Inc. $KTB

Morningstar Investment Management LLC purchased a new stake in Kontoor Brands, Inc. (NYSE:KTB) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,041 shares of the company’s stock, valued at approximately $635,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KTB. Transamerica Financial Advisors LLC raised its holdings in Kontoor Brands by 335.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock valued at $25,000 after acquiring an additional 312 shares in the last quarter. Torren Management LLC purchased a new position in Kontoor Brands in the fourth quarter worth approximately $27,000. Private Trust Co. NA acquired a new position in Kontoor Brands during the 4th quarter worth approximately $31,000. Hantz Financial Services Inc. grew its holdings in Kontoor Brands by 196.2% during the 4th quarter. Hantz Financial Services Inc. now owns 551 shares of the company’s stock worth $34,000 after acquiring an additional 365 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Kontoor Brands in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Insider Activity at Kontoor Brands

In related news, EVP Jennifer H. Broyles sold 4,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 40,261 shares in the company, valued at $3,261,946.22. This trade represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by company insiders.

Kontoor Brands Trading Up 0.1%

Shares of Kontoor Brands stock opened at $83.66 on Monday. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 16.93 and a beta of 0.87. Kontoor Brands, Inc. has a 52-week low of $53.55 and a 52-week high of $88.96. The company’s 50-day simple moving average is $78.15 and its 200-day simple moving average is $71.35. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 1.83.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). Kontoor Brands had a net margin of 8.30% and a return on equity of 60.17%. The firm had revenue of $613.32 million during the quarter, compared to analyst estimates of $784.76 million. During the same quarter in the previous year, the business earned $1.20 EPS. Kontoor Brands’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. As a group, equities research analysts anticipate that Kontoor Brands, Inc. will post 5.2 earnings per share for the current year.

Kontoor Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders 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 dividend yield of 2.5%. The ex-dividend date is Tuesday, September 8th. Kontoor Brands’s dividend payout ratio (DPR) is currently 42.91%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen downgraded Kontoor Brands from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. began coverage on Kontoor Brands in a research note on Monday, June 8th. They set an “overweight” rating and a $90.00 target price for the company. Weiss Ratings raised Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Barclays upped their price target on Kontoor Brands from $93.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Finally, Zacks Research raised shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.