Campbell & CO Investment Adviser LLC Buys 32,440 Shares of Kontoor Brands, Inc. $KTB

Campbell & CO Investment Adviser LLC boosted its stake in Kontoor Brands, Inc. (NYSE:KTB) by 199.0% in the 2nd quarter, Holdings Channel reports. The firm owned 48,739 shares of the company’s stock after acquiring an additional 32,440 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Kontoor Brands were worth $3,215,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Prospera Financial Services Inc bought a new stake in Kontoor Brands during the 2nd quarter worth approximately $647,000. Atlantic Union Bankshares Corp bought a new position in shares of Kontoor Brands in the second quarter worth $26,000. Bank of New York Mellon Corp raised its position in shares of Kontoor Brands by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 604,987 shares of the company’s stock worth $39,911,000 after buying an additional 7,349 shares in the last quarter. Bank of Montreal Can boosted its stake in Kontoor Brands by 5.3% during the second quarter. Bank of Montreal Can now owns 14,078 shares of the company’s stock valued at $929,000 after buying an additional 713 shares during the period. Finally, Versor Investments LP purchased a new position in Kontoor Brands during the second quarter worth about $1,036,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Kontoor Brands Stock Down 0.2%

Shares of NYSE:KTB opened at $72.22 on Monday. The stock has a market capitalization of $4.01 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.64 and a beta of 1.27. The stock’s 50-day moving average price is $80.54 and its 200-day moving average price is $71.93. The company has a current ratio of 1.91, a quick ratio of 0.82 and a debt-to-equity ratio of 2.53. Kontoor Brands, Inc. has a 12-month low of $50.00 and a 12-month high of $96.80.

Kontoor Brands (NYSE:KTB) last issued its earnings results on Monday, November 3rd. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.09. Kontoor Brands had a return on equity of 63.21% and a net margin of 7.68%.The company had revenue of $853.22 million during the quarter, compared to analysts’ expectations of $879.10 million. During the same period in the prior year, the business posted $1.37 EPS. Kontoor Brands’s quarterly revenue was up 27.3% compared to the same quarter last year. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS. Q4 2025 guidance at 1.640-1.640 EPS. On average, equities analysts anticipate that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Monday, December 8th will be issued a $0.53 dividend. This is a positive change from Kontoor Brands’s previous quarterly dividend of $0.52. This represents a $2.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, December 8th. Kontoor Brands’s dividend payout ratio (DPR) is 53.61%.

Analyst Ratings Changes

Several research firms have weighed in on KTB. Baird R W raised Kontoor Brands to a “strong-buy” rating in a report on Friday, October 17th. BTIG Research reiterated a “buy” rating and set a $95.00 target price on shares of Kontoor Brands in a research report on Tuesday, November 4th. Robert W. Baird started coverage on shares of Kontoor Brands in a research note on Friday, October 17th. They issued an “outperform” rating and a $105.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Kontoor Brands in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus upped their target price on shares of Kontoor Brands from $73.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.00.

Kontoor Brands Company 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.