Campbell & CO Investment Adviser LLC Acquires 32,440 Shares of Kontoor Brands, Inc. $KTB

Campbell & CO Investment Adviser LLC increased its stake in Kontoor Brands, Inc. (NYSE:KTB) by 199.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,739 shares of the company’s stock after acquiring an additional 32,440 shares during the quarter. Campbell & CO Investment Adviser LLC owned 0.09% of Kontoor Brands worth $3,215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northern Trust Corp increased its stake in Kontoor Brands by 1.0% in the first quarter. Northern Trust Corp now owns 1,134,524 shares of the company’s stock valued at $72,757,000 after purchasing an additional 10,847 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Kontoor Brands by 5.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,091,445 shares of the company’s stock valued at $69,994,000 after buying an additional 53,992 shares in the last quarter. Jennison Associates LLC raised its stake in Kontoor Brands by 3.1% during the 2nd quarter. Jennison Associates LLC now owns 903,488 shares of the company’s stock worth $59,603,000 after buying an additional 26,822 shares during the period. Bank of New York Mellon Corp boosted its holdings in Kontoor Brands by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 604,987 shares of the company’s stock worth $39,911,000 after acquiring an additional 7,349 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Kontoor Brands by 135.4% in the first quarter. Wellington Management Group LLP now owns 440,135 shares of the company’s stock valued at $28,226,000 after acquiring an additional 253,140 shares during the period. 93.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kontoor Brands in a research note on Wednesday, October 8th. BTIG Research reissued a “buy” rating and set a $95.00 target price on shares of Kontoor Brands in a research report on Tuesday, November 4th. Barclays upped their target price on shares of Kontoor Brands from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, Robert W. Baird began coverage on Kontoor Brands in a report on Friday, October 17th. They set an “outperform” rating and a $105.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Kontoor Brands Trading Down 0.2%

NYSE:KTB opened at $72.22 on Monday. Kontoor Brands, Inc. has a 12 month low of $50.00 and a 12 month high of $96.80. 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’s 50 day moving average is $80.54 and its 200 day moving average is $71.93. The stock has a market capitalization of $4.01 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.64 and a beta of 1.27.

Kontoor Brands (NYSE:KTB) last released its earnings results on Monday, November 3rd. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. Kontoor Brands had a return on equity of 63.21% and a net margin of 7.68%.The business had revenue of $853.22 million during the quarter, compared to the consensus estimate of $879.10 million. During the same period last year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS. Q4 2025 guidance at 1.640-1.640 EPS. Sell-side analysts expect that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Monday, December 8th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.9%. This is a boost from Kontoor Brands’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, December 8th. Kontoor Brands’s payout ratio is currently 53.61%.

Kontoor Brands 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.