18,527 Shares in Kontoor Brands, Inc. $KTB Purchased by RFG Advisory LLC

RFG Advisory LLC purchased a new stake in Kontoor Brands, Inc. (NYSE:KTB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,527 shares of the company’s stock, valued at approximately $1,544,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Kontoor Brands by 7.2% during the second quarter. GAMMA Investing LLC now owns 1,991 shares of the company’s stock worth $166,000 after acquiring an additional 134 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Kontoor Brands by 12.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,436 shares of the company’s stock worth $88,000 after purchasing an additional 157 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Kontoor Brands by 9.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,795 shares of the company’s stock worth $110,000 after purchasing an additional 162 shares during the period. Bank of Montreal Can raised its stake in Kontoor Brands by 1.8% in the fourth quarter. Bank of Montreal Can now owns 9,297 shares of the company’s stock valued at $568,000 after purchasing an additional 164 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Kontoor Brands by 0.8% during the fourth quarter. Stifel Financial Corp now owns 24,710 shares of the company’s stock worth $1,510,000 after purchasing an additional 199 shares during the period. 93.06% of the stock is owned by institutional investors.

Kontoor Brands Price Performance

KTB stock opened at $66.81 on Friday. The company has a market capitalization of $3.65 billion, a P/E ratio of 13.95 and a beta of 0.87. Kontoor Brands, Inc. has a 52-week low of $56.19 and a 52-week high of $88.96. The company has a fifty day moving average price of $80.62 and a 200-day moving average price of $75.23. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.99 and a current ratio of 1.83.

Kontoor Brands (NYSE:KTB) last announced its earnings results on Wednesday, August 12th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.05 by $0.01. Kontoor Brands had a return on equity of 59.71% and a net margin of 8.21%.The firm had revenue of $584.29 million for the quarter, compared to the consensus estimate of $586.95 million. During the same period in the previous year, the business earned $1.33 EPS. The business’s quarterly revenue 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. As a group, equities analysts expect that Kontoor Brands, Inc. will post 5.27 EPS for the current year.

Kontoor Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be issued a $0.53 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.12 annualized dividend and a yield of 3.2%. Kontoor Brands’s dividend payout ratio is presently 44.26%.

Insider Activity at Kontoor Brands

In other Kontoor Brands news, CEO Scott Baxter sold 184,403 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $83.40, for a total transaction of $15,379,210.20. Following the completion of the sale, the chief executive officer owned 261,786 shares of the company’s stock, valued at approximately $21,832,952.40. This represents a 41.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $639,073.80. Following the transaction, the executive vice president owned 25,063 shares of the company’s stock, valued at approximately $2,091,006.09. The trade was a 23.41% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KTB shares. Wells Fargo & Company increased 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, August 12th. UBS Group upped their price target on shares of Kontoor Brands from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Zacks Research upgraded shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th. BTIG Research lifted their price objective on shares of Kontoor Brands from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Weiss Ratings downgraded Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

Kontoor Brands Company Profile

Kontoor Brands, Inc (NYSE: KTB) is a global lifestyle apparel company that designs, manufactures, sources and markets branded clothing and accessories. The company is best known for its denim and casualwear businesses, serving consumers through wholesale distributors, department and specialty stores, company-operated retail locations and e-commerce channels.

Kontoor’s principal brands include Wrangler, a heritage brand focused on denim, westernwear, workwear and casual apparel, and Lee, which offers denim and lifestyle clothing for men, women and children.