7,812 Shares in Kontoor Brands, Inc. $KTB Bought by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC purchased a new stake in Kontoor Brands, Inc. (NYSE:KTB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,812 shares of the company’s stock, valued at approximately $651,000.

A number of other institutional investors also recently modified their holdings of the company. Transamerica Financial Advisors LLC grew its holdings in shares of Kontoor Brands by 335.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock worth $25,000 after buying an additional 312 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Kontoor Brands in the 2nd quarter valued at approximately $26,000. Torren Management LLC bought a new stake in Kontoor Brands in the 4th quarter valued at approximately $27,000. Hantz Financial Services Inc. boosted its position 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 during the last quarter. Finally, CENTRAL TRUST Co acquired a new position in Kontoor Brands during the 1st quarter worth approximately $35,000. 93.06% of the stock is currently owned by institutional investors.

Kontoor Brands Trading Up 0.0%

Shares of Kontoor Brands stock opened at $82.03 on Monday. The stock has a market cap of $4.48 billion, a P/E ratio of 17.13 and a beta of 0.88. The company has a quick ratio of 0.99, a current ratio of 1.83 and a debt-to-equity ratio of 1.82. Kontoor Brands, Inc. has a 12-month low of $56.19 and a 12-month high of $88.96. The business’s 50 day moving average is $82.51 and its 200-day moving average is $74.55.

Kontoor Brands (NYSE:KTB) last released its earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. The business had revenue of $584.29 million during the quarter, compared to analysts’ expectations of $586.95 million. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The firm’s revenue was down 11.2% on a year-over-year basis. During the same period last year, the business earned $1.33 earnings per share. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. Equities research analysts predict that Kontoor Brands, Inc. will post 5.27 earnings per share for the current fiscal year.

Kontoor Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.53 per share. The ex-dividend date is Tuesday, September 8th. This represents a $2.12 annualized dividend and a dividend yield of 2.6%. Kontoor Brands’s payout ratio is currently 44.26%.

Insider Transactions at Kontoor Brands

In related news, CEO Scott H. Baxter sold 184,403 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $83.40, for a total value of $15,379,210.20. Following the completion of the sale, the chief executive officer directly owned 261,786 shares in the company, valued at approximately $21,832,952.40. This trade represents a 41.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jennifer H. Broyles sold 4,000 shares of Kontoor Brands stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $81.02, for a total value of $324,080.00. Following the transaction, the executive vice president owned 40,261 shares of the company’s stock, valued at $3,261,946.22. The trade was a 9.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 196,063 shares of company stock worth $16,342,364 in the last ninety days. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

KTB has been the topic of a number of recent research reports. Barclays lifted their price objective on shares of Kontoor Brands from $96.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Weiss Ratings raised shares of Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Kontoor Brands from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Wall Street Zen cut shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, BTIG Research increased their price objective on shares of Kontoor Brands from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.00.

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.