Arjuna Capital Makes New Investment in Kontoor Brands, Inc. $KTB

Arjuna Capital bought a new position in shares of Kontoor Brands, Inc. (NYSE:KTB) in the 4th quarter, HoldingsChannel reports. The fund bought 9,097 shares of the company’s stock, valued at approximately $556,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Clearstead Advisors LLC lifted its position in shares of Kontoor Brands by 2,538.5% during the third quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock valued at $27,000 after purchasing an additional 330 shares in the last quarter. Torren Management LLC bought a new position in shares of Kontoor Brands during the fourth quarter valued at about $27,000. First Horizon Corp bought a new position in shares of Kontoor Brands during the third quarter valued at about $31,000. Assetmark Inc. lifted its position in shares of Kontoor Brands by 532.3% during the third quarter. Assetmark Inc. now owns 392 shares of the company’s stock valued at $31,000 after purchasing an additional 330 shares in the last quarter. Finally, Private Trust Co. NA bought a new stake in Kontoor Brands during the fourth quarter worth $31,000. 93.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KTB has been the topic of a number of recent analyst reports. Jefferies Financial Group began coverage on Kontoor Brands in a report on Wednesday, February 4th. They set a “hold” rating and a $65.00 price target on the stock. UBS Group lifted their price objective on shares of Kontoor Brands from $118.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Barclays lifted their price objective on shares of Kontoor Brands from $93.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday. The Goldman Sachs Group boosted their target price on Kontoor Brands from $84.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, Stifel Nicolaus boosted their target price on Kontoor Brands from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.33.

Kontoor Brands Stock Performance

NYSE:KTB opened at $61.88 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.10 and a current ratio of 1.87. Kontoor Brands, Inc. has a 52-week low of $53.55 and a 52-week high of $87.00. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 12.53 and a beta of 0.91. The business’s fifty day moving average is $70.89 and its 200 day moving average is $68.63.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). Kontoor Brands had a net margin of 8.30% and a return on equity of 60.17%. The company had revenue of $613.32 million for the quarter, compared to the consensus estimate of $784.76 million. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The business’s revenue for the quarter was up 45.0% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. Research analysts predict that Kontoor Brands, Inc. will post 5.2 EPS for the current year.

Kontoor Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 8th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, June 8th. Kontoor Brands’s dividend payout ratio is 42.91%.

Kontoor Brands 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.