Kontoor Brands, Inc. $KTB Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its holdings in Kontoor Brands, Inc. (NYSE:KTB) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,159 shares of the company’s stock after selling 10,246 shares during the quarter. Royce & Associates LP owned 0.12% of Kontoor Brands worth $4,225,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clearstead Advisors LLC lifted 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 valued at $27,000 after acquiring an additional 330 shares during the period. Torren Management LLC acquired a new stake in Kontoor Brands in the fourth quarter valued at $27,000. Assetmark Inc. lifted its holdings in Kontoor Brands by 532.3% in the third quarter. Assetmark Inc. now owns 392 shares of the company’s stock valued at $31,000 after acquiring an additional 330 shares during the period. Private Trust Co. NA acquired a new stake in Kontoor Brands in the fourth quarter valued at $31,000. Finally, Hantz Financial Services Inc. lifted its holdings in Kontoor Brands by 196.2% in the fourth quarter. Hantz Financial Services Inc. now owns 551 shares of the company’s stock valued at $34,000 after acquiring an additional 365 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

KTB has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on Kontoor Brands in a report on Wednesday, February 4th. They issued a “hold” rating and a $65.00 target price for the company. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of Kontoor Brands in a report on Friday, May 1st. UBS Group raised their target price on Kontoor Brands from $118.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. The Goldman Sachs Group raised their target price on Kontoor Brands from $84.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, Zacks Research downgraded Kontoor Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kontoor Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.33.

Kontoor Brands Trading Down 2.4%

NYSE:KTB opened at $72.00 on Friday. The company has a market capitalization of $3.98 billion, a PE ratio of 14.57 and a beta of 0.91. 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, Inc. has a 52-week low of $53.55 and a 52-week high of $87.00. The stock has a fifty day simple moving average of $70.69 and a 200-day simple moving average of $68.00.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.06 earnings per share (EPS) 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 analyst estimates of $784.76 million. Kontoor Brands had a return on equity of 60.17% and a net margin of 8.30%.The company’s quarterly revenue was up 45.0% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. On average, equities research analysts expect that Kontoor Brands, Inc. will post 5.2 earnings per share for the current fiscal 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. This represents a $2.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, June 8th. Kontoor Brands’s payout ratio is 42.91%.

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.