Kontoor Brands, Inc. $KTB Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its holdings in Kontoor Brands, Inc. (NYSE:KTB) by 25.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 34,205 shares of the company’s stock after selling 11,797 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kontoor Brands were worth $2,729,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KTB. Harbor Capital Advisors Inc. increased its holdings in Kontoor Brands by 73.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 308 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares in the last quarter. CWM LLC boosted its position in shares of Kontoor Brands by 4.0% in the third quarter. CWM LLC now owns 4,069 shares of the company’s stock worth $325,000 after buying an additional 157 shares during the period. Maryland State Retirement & Pension System grew its stake in shares of Kontoor Brands by 1.7% in the second quarter. Maryland State Retirement & Pension System now owns 14,696 shares of the company’s stock valued at $969,000 after buying an additional 250 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Kontoor Brands by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 36,769 shares of the company’s stock worth $2,426,000 after acquiring an additional 317 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in Kontoor Brands by 1.8% during the 2nd quarter. Yousif Capital Management LLC now owns 18,779 shares of the company’s stock worth $1,239,000 after acquiring an additional 331 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays set a $74.00 target price on shares of Kontoor Brands in a research report on Tuesday, January 6th. BTIG Research restated a “buy” rating and set a $95.00 target price on shares of Kontoor Brands in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kontoor Brands in a research note on Monday, December 29th. Stifel Nicolaus raised their price objective on Kontoor Brands from $73.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Finally, Baird R W upgraded Kontoor Brands to a “strong-buy” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Kontoor Brands has an average rating of “Moderate Buy” and an average target price of $87.75.

Kontoor Brands Stock Performance

KTB stock opened at $59.06 on Tuesday. The firm has a market cap of $3.28 billion, a P/E ratio of 15.22 and a beta of 1.21. The stock’s 50 day simple moving average is $68.14 and its 200 day simple moving average is $72.12. The company has a current ratio of 1.91, a quick ratio of 0.82 and a debt-to-equity ratio of 2.53. 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 earnings results on Monday, November 3rd. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.09. Kontoor Brands had a net margin of 7.68% and a return on equity of 63.21%. The firm had revenue of $853.22 million during the quarter, compared to analyst estimates of $879.10 million. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS and its Q4 2025 guidance at 1.640-1.640 EPS. As a group, equities research analysts predict that Kontoor Brands, Inc. will post 4.82 EPS for the current year.

Kontoor Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Monday, December 8th were paid a $0.53 dividend. The ex-dividend date was 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 3.6%. Kontoor Brands’s payout ratio is presently 54.64%.

Kontoor Brands Company Profile

Kontoor Brands, Inc is a global apparel company best known for its Wrangler and Lee denim and lifestyle brands. Established as an independent, publicly traded company in May 2019 following a spin-off from VF Corporation, Kontoor leverages a legacy that dates back to 1889 with the founding of Lee and to 1947 with the introduction of the Wrangler brand. The company focuses on designing, manufacturing and distributing premium, casual and workwear apparel, including jeans, pants, shorts, shirts, jackets and complementary accessories.

Kontoor Brands operates a diversified sales model that combines wholesale partnerships with leading retailers, distribution through e-commerce channels and select direct-to-consumer formats.