Dimensional Fund Advisors LP Increases Stake in Kontoor Brands, Inc. $KTB

Dimensional Fund Advisors LP increased its stake in Kontoor Brands, Inc. (NYSE:KTB) by 0.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,268,336 shares of the company’s stock after buying an additional 6,477 shares during the period. Dimensional Fund Advisors LP’s holdings in Kontoor Brands were worth $89,132,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KTB. UBS Group AG boosted its holdings in shares of Kontoor Brands by 3.8% in the 4th quarter. UBS Group AG now owns 551,758 shares of the company’s stock valued at $33,707,000 after purchasing an additional 20,270 shares during the last quarter. AMG National Trust Bank increased its holdings in shares of Kontoor Brands by 19.9% during the 4th quarter. AMG National Trust Bank now owns 162,657 shares of the company’s stock worth $9,937,000 after buying an additional 27,044 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Kontoor Brands by 8.9% during the 4th quarter. Jennison Associates LLC now owns 1,214,831 shares of the company’s stock worth $74,214,000 after buying an additional 99,593 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Kontoor Brands during the 1st quarter worth $1,918,000. Finally, Fifth Third Bancorp raised its position in shares of Kontoor Brands by 5,635.9% in the 1st quarter. Fifth Third Bancorp now owns 82,826 shares of the company’s stock worth $5,822,000 after buying an additional 81,382 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kontoor Brands

In other news, EVP Jennifer H. Broyles sold 4,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $81.02, for a total value of $324,080.00. Following the completion of the transaction, the executive vice president directly owned 40,261 shares in the company, valued at approximately $3,261,946.22. This represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Kontoor Brands Price Performance

Shares of NYSE KTB opened at $85.31 on Thursday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.87 and a quick ratio of 1.10. Kontoor Brands, Inc. has a 1-year low of $53.55 and a 1-year high of $88.96. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 17.27 and a beta of 0.87. The business has a 50-day moving average of $79.48 and a 200-day moving average of $71.89.

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

Kontoor Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 8th. Kontoor Brands’s payout ratio is presently 42.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. initiated coverage on Kontoor Brands in a research report on Monday, June 8th. They set an “overweight” rating and a $90.00 price target for the company. Weiss Ratings upgraded Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Zacks Research upgraded shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, July 9th. Barclays boosted their price objective on shares of Kontoor Brands from $93.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, BTIG Research reissued a “buy” rating and issued a $100.00 price objective on shares of Kontoor Brands in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.