Nisa Investment Advisors LLC Grows Position in Kontoor Brands, Inc. $KTB

Nisa Investment Advisors LLC lifted its position in Kontoor Brands, Inc. (NYSE:KTB) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,002 shares of the company’s stock after buying an additional 720 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kontoor Brands were worth $3,035,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of Kontoor Brands by 1.0% in the first quarter. Northern Trust Corp now owns 1,134,524 shares of the company’s stock worth $72,757,000 after buying an additional 10,847 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of 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 worth $69,994,000 after buying an additional 53,992 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Kontoor Brands by 10.7% in the first quarter. Jennison Associates LLC now owns 876,666 shares of the company’s stock worth $56,221,000 after buying an additional 84,588 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of 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 worth $38,327,000 after buying an additional 10,748 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Kontoor Brands by 135.4% in the first 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 in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Kontoor Brands Stock Down 2.9%

Shares of NYSE KTB opened at $80.92 on Thursday. Kontoor Brands, Inc. has a one year low of $50.00 and a one year high of $96.80. The company has a debt-to-equity ratio of 2.74, a current ratio of 2.18 and a quick ratio of 0.95. The firm’s 50 day simple moving average is $80.59 and its two-hundred day simple moving average is $70.87. The stock has a market capitalization of $4.50 billion, a P/E ratio of 18.06, a PEG ratio of 1.91 and a beta of 1.15.

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

Kontoor Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Monday, December 8th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, December 8th. This is an increase from Kontoor Brands’s previous quarterly dividend of $0.52. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. Kontoor Brands’s dividend payout ratio (DPR) is 46.43%.

Analyst Ratings Changes

KTB has been the topic of a number of recent analyst reports. Robert W. Baird initiated coverage on shares of Kontoor Brands in a report on Friday, October 17th. They issued an “outperform” rating and a $105.00 price target on the stock. Baird R W raised shares of Kontoor Brands to a “strong-buy” rating in a report on Friday, October 17th. Barclays restated an “overweight” rating and issued a $91.00 price objective (up from $86.00) on shares of Kontoor Brands in a research report on Friday, August 8th. UBS Group upped their price objective on shares of Kontoor Brands from $99.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kontoor Brands in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.38.

About Kontoor Brands

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.