Yousif Capital Management LLC Buys 331 Shares of Kontoor Brands, Inc. $KTB

Yousif Capital Management LLC lifted its stake in Kontoor Brands, Inc. (NYSE:KTB) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KTB. Nuveen LLC bought a new position in shares of Kontoor Brands in the 1st quarter worth $19,837,000. Wellington Management Group LLP grew its stake in Kontoor Brands by 135.4% during the 1st quarter. Wellington Management Group LLP now owns 440,135 shares of the company’s stock worth $28,226,000 after buying an additional 253,140 shares during the last quarter. MetLife Investment Management LLC grew its stake in Kontoor Brands by 639.3% during the 1st quarter. MetLife Investment Management LLC now owns 242,915 shares of the company’s stock worth $15,578,000 after buying an additional 210,059 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Kontoor Brands by 64.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 396,553 shares of the company’s stock worth $25,431,000 after buying an additional 154,753 shares during the last quarter. Finally, Nomura Holdings Inc. grew its stake in Kontoor Brands by 694.3% during the 1st quarter. Nomura Holdings Inc. now owns 175,900 shares of the company’s stock worth $11,280,000 after buying an additional 153,754 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KTB. Robert W. Baird began coverage on Kontoor Brands in a research note on Friday. They set an “outperform” rating and a $105.00 target price on the stock. BTIG Research began coverage on Kontoor Brands in a research note on Tuesday, October 14th. They set a “buy” rating and a $95.00 target price on the stock. Stifel Nicolaus boosted 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kontoor Brands in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Kontoor Brands presently has an average rating of “Moderate Buy” and an average target price of $95.38.

Kontoor Brands Stock Down 0.3%

Kontoor Brands stock opened at $84.57 on Tuesday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.95 and a current ratio of 2.18. The business’s 50-day simple moving average is $78.72 and its two-hundred day simple moving average is $69.49. The company has a market cap of $4.70 billion, a PE ratio of 18.88, a PEG ratio of 1.94 and a beta of 1.15. Kontoor Brands, Inc. has a fifty-two week low of $50.00 and a fifty-two week high of $96.80.

Kontoor Brands (NYSE:KTB) last posted its quarterly 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 company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Equities analysts anticipate that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 9th were paid a $0.52 dividend. The ex-dividend date was Tuesday, September 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%. Kontoor Brands’s dividend payout ratio 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.