Kontoor Brands, Inc. $KTB Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC increased its stake in shares of Kontoor Brands, Inc. (NYSE:KTB) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,779 shares of the company’s stock after acquiring an additional 331 shares during the period. Yousif Capital Management LLC’s holdings in Kontoor Brands were worth $1,239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northern Trust Corp grew its holdings in Kontoor Brands by 1.0% during the first quarter. Northern Trust Corp now owns 1,134,524 shares of the company’s stock worth $72,757,000 after acquiring an additional 10,847 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Kontoor Brands by 5.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,091,445 shares of the company’s stock worth $69,994,000 after acquiring an additional 53,992 shares during the period. Jennison Associates LLC grew its holdings in Kontoor Brands by 10.7% during the first quarter. Jennison Associates LLC now owns 876,666 shares of the company’s stock worth $56,221,000 after acquiring an additional 84,588 shares during the period. Bank of New York Mellon Corp grew its holdings in Kontoor Brands by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 597,638 shares of the company’s stock worth $38,327,000 after acquiring an additional 10,748 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Kontoor Brands by 135.4% during the first quarter. Wellington Management Group LLP now owns 440,135 shares of the company’s stock worth $28,226,000 after acquiring an additional 253,140 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

Kontoor Brands Stock Performance

NYSE KTB opened at $84.57 on Tuesday. The company has a market cap of $4.70 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The stock’s 50 day simple moving average is $78.72 and its 200-day simple moving average is $69.49. 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 2.74, a current ratio of 2.18 and a quick ratio of 0.95.

Kontoor Brands (NYSE:KTB) last released its earnings results on Thursday, August 7th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.35. The business had revenue of $658.26 million for the quarter, compared to the consensus estimate of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 earnings per share. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. As a group, equities research analysts anticipate that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 9th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, September 9th. Kontoor Brands’s dividend payout ratio (DPR) is currently 46.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kontoor Brands in a research report on Wednesday, October 8th. BTIG Research assumed coverage on Kontoor Brands in a research report on Tuesday, October 14th. They set a “buy” rating and a $95.00 price target on the stock. Wall Street Zen upgraded Kontoor Brands from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Stifel Nicolaus increased their price target on Kontoor Brands from $72.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company increased their price target on Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kontoor Brands presently has a consensus rating of “Moderate Buy” and an average price target of $95.38.

Kontoor Brands Profile

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.