Teacher Retirement System of Texas Buys 16,982 Shares of Kontoor Brands, Inc. $KTB

Teacher Retirement System of Texas raised its stake in shares of Kontoor Brands, Inc. (NYSE:KTB) by 61.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 44,549 shares of the company’s stock after purchasing an additional 16,982 shares during the period. Teacher Retirement System of Texas’ holdings in Kontoor Brands were worth $3,554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position in shares of Kontoor Brands by 368.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,279 shares of the company’s stock valued at $102,000 after buying an additional 1,006 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Kontoor Brands by 49.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 86,184 shares of the company’s stock worth $6,875,000 after acquiring an additional 28,491 shares during the period. Amalgamated Bank raised its stake in Kontoor Brands by 2.6% during the 3rd quarter. Amalgamated Bank now owns 14,793 shares of the company’s stock worth $1,180,000 after acquiring an additional 372 shares during the period. Evergreen Capital Management LLC lifted its holdings in Kontoor Brands by 26.6% during the third quarter. Evergreen Capital Management LLC now owns 4,399 shares of the company’s stock valued at $351,000 after purchasing an additional 923 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Kontoor Brands in the third quarter worth approximately $408,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BTIG Research restated a “buy” rating and set a $95.00 price objective on shares of Kontoor Brands in a research report on Tuesday, November 4th. Wall Street Zen lowered Kontoor Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Barclays set a $74.00 price objective on Kontoor Brands in a research report on Tuesday, January 6th. Stifel Nicolaus increased their target price on Kontoor Brands from $73.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Finally, Robert W. Baird assumed coverage on Kontoor Brands in a research note on Friday, October 17th. They set an “outperform” rating and a $105.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.13.

Kontoor Brands Trading Down 2.5%

Shares of NYSE KTB opened at $57.41 on Thursday. Kontoor Brands, Inc. has a 1-year low of $50.00 and a 1-year high of $96.80. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.91 and a quick ratio of 0.82. The business’s 50 day moving average is $64.95 and its two-hundred day moving average is $71.19. The stock has a market capitalization of $3.19 billion, a P/E ratio of 14.80 and a beta of 1.21.

Kontoor Brands (NYSE:KTB) last announced its earnings results on Monday, November 3rd. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. The firm had revenue of $853.22 million during the quarter, compared to analysts’ expectations of $879.10 million. Kontoor Brands had a return on equity of 63.21% and a net margin of 7.68%.The company’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS and its Q4 2025 guidance at 1.640-1.640 EPS. As a group, research analysts expect that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

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.