Kontoor Brands, Inc. $KTB Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Kontoor Brands, Inc. (NYSE:KTBFree Report) by 6.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 126,955 shares of the company’s stock after selling 9,414 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kontoor Brands were worth $10,580,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Kontoor Brands by 7.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,991 shares of the company’s stock worth $166,000 after acquiring an additional 134 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Kontoor Brands by 12.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,436 shares of the company’s stock valued at $88,000 after purchasing an additional 157 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Kontoor Brands by 9.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,795 shares of the company’s stock valued at $110,000 after purchasing an additional 162 shares during the period. Bank of Montreal Can raised its holdings in shares of Kontoor Brands by 1.8% during the fourth quarter. Bank of Montreal Can now owns 9,297 shares of the company’s stock valued at $568,000 after buying an additional 164 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Kontoor Brands by 0.8% during the fourth quarter. Stifel Financial Corp now owns 24,710 shares of the company’s stock valued at $1,510,000 after buying an additional 199 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

Insider Activity

In related news, EVP Thomas Doerr, Jr. sold 7,660 shares of Kontoor Brands stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $83.43, for a total transaction of $639,073.80. Following the transaction, the executive vice president directly owned 25,063 shares of the company’s stock, valued at $2,091,006.09. The trade was a 23.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Broyles sold 4,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $81.02, for a total transaction of $324,080.00. Following the completion of the sale, the executive vice president owned 40,261 shares in the company, valued at approximately $3,261,946.22. This trade represents a 9.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 196,063 shares of company stock worth $16,342,364 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KTB shares. Zacks Research raised Kontoor Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, July 9th. Barclays lifted their target price on Kontoor Brands from $96.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Wells Fargo & Company boosted their price target on Kontoor Brands from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. UBS Group increased their price target on Kontoor Brands from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings lowered Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Get Our Latest Stock Analysis on KTB

Kontoor Brands Price Performance

NYSE KTB opened at $73.49 on Monday. Kontoor Brands, Inc. has a 12 month low of $56.19 and a 12 month high of $88.96. The firm has a market capitalization of $4.02 billion, a PE ratio of 15.34 and a beta of 0.87. The company’s 50 day simple moving average is $82.13 and its 200 day simple moving average is $75.25. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 0.99.

Kontoor Brands (NYSE:KTBGet Free Report) last released its earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The firm had revenue of $584.29 million during the quarter, compared to the consensus estimate of $586.95 million. Kontoor Brands had a return on equity of 59.71% and a net margin of 8.21%.The firm’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 earnings per share. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. As a group, equities research analysts forecast that Kontoor Brands, Inc. will post 5.27 EPS 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 issued a $0.53 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.12 annualized dividend and a dividend yield of 2.9%. Kontoor Brands’s dividend payout ratio is 44.26%.

Kontoor Brands Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kontoor Brands (NYSE:KTB)

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