Prospera Financial Services Inc Makes New Investment in Kontoor Brands, Inc. $KTB

Prospera Financial Services Inc acquired a new stake in Kontoor Brands, Inc. (NYSE:KTB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,805 shares of the company’s stock, valued at approximately $647,000.

A number of other large investors also recently modified their holdings of KTB. Zurich Insurance Group Ltd FI bought a new position in Kontoor Brands in the 1st quarter worth approximately $898,000. American Century Companies Inc. boosted its position in Kontoor Brands by 9.4% in the 1st quarter. American Century Companies Inc. now owns 44,620 shares of the company’s stock valued at $2,862,000 after buying an additional 3,846 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Kontoor Brands in the 1st quarter valued at $306,000. Fuller & Thaler Asset Management Inc. raised its position in shares of 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 last quarter. Finally, Maverick Capital Ltd. raised its position in shares of Kontoor Brands by 876.5% during the first quarter. Maverick Capital Ltd. now owns 29,001 shares of the company’s stock worth $1,860,000 after acquiring an additional 26,031 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Kontoor Brands Price Performance

Kontoor Brands stock opened at $74.03 on Friday. The company has a current ratio of 1.91, a quick ratio of 0.82 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $4.12 billion, a P/E ratio of 19.08, a PEG ratio of 1.66 and a beta of 1.27. The business has a 50-day moving average of $80.02 and a 200-day moving average of $72.09. Kontoor Brands, Inc. has a 1 year low of $50.00 and a 1 year high of $96.80.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings results on Monday, November 3rd. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. The business had revenue of $853.22 million for the quarter, compared to the consensus estimate of $879.10 million. Kontoor Brands had a net margin of 7.68% and a return on equity of 63.21%. Kontoor Brands’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period last year, the company posted $1.37 EPS. 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 EPS for the current year.

Kontoor Brands Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on KTB shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kontoor Brands in a report on Wednesday, October 8th. BTIG Research restated a “buy” rating and set a $95.00 target price on shares of Kontoor Brands in a research report on Tuesday, November 4th. Barclays lifted their price target on shares of Kontoor Brands from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Wells Fargo & Company boosted their price target on shares of Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Finally, Stifel Nicolaus raised their price objective on shares of Kontoor Brands from $73.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Kontoor Brands has a consensus rating of “Moderate Buy” and a consensus 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.