UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in Kontoor Brands, Inc. $KTB

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Kontoor Brands, Inc. (NYSE:KTB) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,955 shares of the company’s stock after selling 9,414 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Kontoor Brands worth $10,580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KTB. Royal Bank of Canada lifted its holdings in Kontoor Brands by 29.1% in the 1st quarter. Royal Bank of Canada now owns 105,895 shares of the company’s stock worth $6,793,000 after buying an additional 23,880 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Kontoor Brands by 49.3% during the first quarter. AQR Capital Management LLC now owns 14,641 shares of the company’s stock valued at $939,000 after acquiring an additional 4,836 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Kontoor Brands by 250.8% during the first quarter. Integrated Wealth Concepts LLC now owns 9,388 shares of the company’s stock worth $602,000 after acquiring an additional 6,712 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Kontoor Brands by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,779 shares of the company’s stock worth $2,102,000 after acquiring an additional 1,432 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Kontoor Brands by 222.5% in the first quarter. Millennium Management LLC now owns 156,332 shares of the company’s stock worth $10,026,000 after acquiring an additional 107,855 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Kontoor Brands Trading Down 0.1%

NYSE:KTB opened at $73.49 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.83 and a debt-to-equity ratio of 1.82. The business’s 50 day moving average is $82.13 and its two-hundred day moving average is $75.25. Kontoor Brands, Inc. has a 52 week low of $56.19 and a 52 week high of $88.96. The company has a market cap of $4.02 billion, a PE ratio of 15.34 and a beta of 0.87.

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, beating analysts’ consensus estimates of $1.05 by $0.01. The business had revenue of $584.29 million during the quarter, compared to the consensus estimate of $586.95 million. Kontoor Brands had a return on equity of 59.71% and a net margin of 8.21%.The business’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 EPS. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. On average, 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 dividend of $0.53 per share. The ex-dividend date is Tuesday, September 8th. This represents a $2.12 annualized dividend and a yield of 2.9%. Kontoor Brands’s payout ratio is presently 44.26%.

Wall Street Analyst Weigh In

KTB has been the subject of a number of recent analyst reports. Barclays raised their price objective on Kontoor Brands from $96.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Wells Fargo & Company upped their target price on Kontoor Brands from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. raised their price target on shares of Kontoor Brands from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings cut shares of Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Insider Buying and Selling at Kontoor Brands

In other news, EVP Thomas Doerr, Jr. sold 7,660 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $83.43, for a total value of $639,073.80. Following the transaction, the executive vice president directly owned 25,063 shares in the company, valued at approximately $2,091,006.09. This trade represents a 23.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Scott Baxter sold 184,403 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $83.40, for a total transaction of $15,379,210.20. Following the sale, the chief executive officer directly owned 261,786 shares of the company’s stock, valued at approximately $21,832,952.40. This represents a 41.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 196,063 shares of company stock worth $16,342,364 over the last 90 days. Insiders own 1.80% of the company’s stock.

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.