Fox Run Management L.L.C. Takes $1.79 Million Position in Kontoor Brands, Inc. $KTB

Fox Run Management L.L.C. bought a new stake in Kontoor Brands, Inc. (NYSE:KTB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,222 shares of the company’s stock, valued at approximately $1,785,000. Fox Run Management L.L.C. owned 0.05% of Kontoor Brands as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KTB. LPL Financial LLC grew its holdings in shares of Kontoor Brands by 4.9% during the fourth quarter. LPL Financial LLC now owns 42,365 shares of the company’s stock worth $2,588,000 after buying an additional 1,971 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Kontoor Brands by 15.8% during the fourth quarter. JPMorgan Chase & Co. now owns 3,019,204 shares of the company’s stock worth $184,443,000 after buying an additional 413,005 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of Kontoor Brands during the fourth quarter worth $188,000. Vise Technologies Inc. grew its holdings in shares of Kontoor Brands by 22.6% during the fourth quarter. Vise Technologies Inc. now owns 4,251 shares of the company’s stock worth $260,000 after buying an additional 785 shares in the last quarter. Finally, State of Wyoming grew its holdings in shares of Kontoor Brands by 30.9% during the fourth quarter. State of Wyoming now owns 1,739 shares of the company’s stock worth $106,000 after buying an additional 411 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Trading Up 3.4%

Shares of KTB stock opened at $72.48 on Tuesday. The company’s 50-day moving average price is $70.83 and its 200-day moving average price is $67.92. The company has a current ratio of 1.87, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 14.67 and a beta of 0.89. Kontoor Brands, Inc. has a twelve month low of $53.55 and a twelve month high of $87.00.

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

Kontoor Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 8th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $2.12 annualized dividend and a dividend yield of 2.9%. Kontoor Brands’s payout ratio is presently 42.91%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KTB. BTIG Research reaffirmed a “buy” rating and set a $100.00 target price on shares of Kontoor Brands in a report on Friday, May 1st. UBS Group upped their target price on shares of Kontoor Brands from $118.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Stifel Nicolaus upped their target price on shares of Kontoor Brands from $75.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Wall Street Zen lowered shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Wells Fargo & Company upped their target price on shares of Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.20.

About Kontoor Brands

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.