Jupiter Topco LLC Makes New $7.31 Million Investment in Kontoor Brands, Inc. $KTB

Jupiter Topco LLC bought a new position in Kontoor Brands, Inc. (NYSE:KTB) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 87,713 shares of the company’s stock, valued at approximately $7,311,000.

A number of other institutional investors have also recently made changes to their positions in KTB. Transamerica Financial Advisors LLC grew its position in Kontoor Brands by 335.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock worth $25,000 after acquiring an additional 312 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Kontoor Brands during the second quarter valued at approximately $26,000. Hantz Financial Services Inc. lifted its stake in shares of Kontoor Brands by 196.2% in the 4th quarter. Hantz Financial Services Inc. now owns 551 shares of the company’s stock valued at $34,000 after purchasing an additional 365 shares during the last quarter. CENTRAL TRUST Co bought a new stake in shares of Kontoor Brands in the 1st quarter valued at approximately $35,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of Kontoor Brands in the 2nd quarter worth approximately $42,000. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Stock Up 0.3%

Shares of NYSE:KTB opened at $77.19 on Monday. The firm has a market capitalization of $4.22 billion, a PE ratio of 16.11 and a beta of 0.88. The business has a 50 day simple moving average of $82.63 and a two-hundred day simple moving average of $75.02. Kontoor Brands, Inc. has a 1 year low of $56.19 and a 1 year high of $88.96. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 0.99.

Kontoor Brands (NYSE:KTB) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.01. Kontoor Brands had a return on equity of 59.71% and a net margin of 8.21%.The firm had revenue of $584.29 million for the quarter, compared to the consensus estimate of $586.95 million. During the same period in the prior year, the business posted $1.33 earnings per share. The company’s revenue for the quarter was down 11.2% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. On average, equities analysts predict that Kontoor Brands, Inc. will post 5.27 EPS for the current year.

Kontoor Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th will be paid a $0.53 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.12 dividend on an annualized basis and a yield of 2.7%. Kontoor Brands’s dividend payout ratio (DPR) is presently 44.26%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KTB. BTIG Research boosted their target price on Kontoor Brands from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Weiss Ratings upgraded Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. Wells Fargo & Company lifted their price objective on shares of Kontoor Brands from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Zacks Research upgraded shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, UBS Group increased their target price on shares of Kontoor Brands from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Insider Transactions at Kontoor Brands

In other news, EVP Jennifer H. Broyles sold 4,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $81.02, for a total value of $324,080.00. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Scott H. Baxter sold 184,403 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $83.40, for a total transaction of $15,379,210.20. Following the completion of the transaction, the chief executive officer directly owned 261,786 shares in the company, valued at $21,832,952.40. This represents a 41.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 196,063 shares of company stock worth $16,342,364. 1.80% of the stock is currently owned by insiders.

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.