Maryland State Retirement & Pension System Buys 250 Shares of Kontoor Brands, Inc. $KTB

Maryland State Retirement & Pension System raised its stake in Kontoor Brands, Inc. (NYSE:KTB) by 1.7% in the second quarter, Holdings Channel reports. The firm owned 14,696 shares of the company’s stock after acquiring an additional 250 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Kontoor Brands were worth $969,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in Kontoor Brands by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 597,638 shares of the company’s stock valued at $38,327,000 after purchasing an additional 10,748 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in Kontoor Brands in the first quarter valued at approximately $898,000. American Century Companies Inc. grew its stake in Kontoor Brands by 9.4% in the first quarter. American Century Companies Inc. now owns 44,620 shares of the company’s stock valued at $2,862,000 after purchasing an additional 3,846 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Kontoor Brands in the first quarter valued at approximately $306,000. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Kontoor Brands by 5.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,091,445 shares of the company’s stock valued at $69,994,000 after purchasing an additional 53,992 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on KTB shares. Weiss Ratings restated a “hold (c+)” rating on shares of Kontoor Brands in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their target price on Kontoor Brands from $72.00 to $73.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Wall Street Zen upgraded Kontoor Brands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Barclays reiterated an “overweight” rating and set a $91.00 target price (up from $86.00) on shares of Kontoor Brands in a research note on Friday, August 8th. Finally, UBS Group lifted their target price on Kontoor Brands from $92.00 to $99.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.33.

Kontoor Brands Stock Performance

Shares of NYSE KTB opened at $74.20 on Monday. The company has a market capitalization of $4.12 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.70 and a beta of 1.15. The stock has a 50 day moving average of $76.10 and a 200-day moving average of $68.61. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 2.74. Kontoor Brands, Inc. has a 12 month low of $50.00 and a 12 month high of $96.80.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.35. The business had revenue of $658.26 million during the quarter, compared to analysts’ expectations of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.98 EPS. 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 predict that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 9th. Kontoor Brands’s dividend payout ratio (DPR) is presently 46.43%.

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.