Maryland State Retirement & Pension System Has $969,000 Stock Holdings in Kontoor Brands, Inc. $KTB

Maryland State Retirement & Pension System raised its stake in Kontoor Brands, Inc. (NYSE:KTB) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,696 shares of the company’s stock after buying an additional 250 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Kontoor Brands were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in KTB. CX Institutional acquired a new position in Kontoor Brands in the first quarter valued at about $32,000. Ameritas Advisory Services LLC acquired a new position in Kontoor Brands in the second quarter valued at about $35,000. Blue Trust Inc. lifted its stake in Kontoor Brands by 23.4% in the first quarter. Blue Trust Inc. now owns 1,446 shares of the company’s stock valued at $93,000 after buying an additional 274 shares during the period. SVB Wealth LLC acquired a new position in Kontoor Brands in the first quarter valued at about $94,000. Finally, Advisors Asset Management Inc. lifted its stake in Kontoor Brands by 240.8% in the first quarter. Advisors Asset Management Inc. now owns 1,745 shares of the company’s stock valued at $112,000 after buying an additional 1,233 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Stock Down 3.9%

NYSE:KTB opened at $74.20 on Monday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.95 and a current ratio of 2.18. The company has a market cap of $4.12 billion, a PE ratio of 16.56, a PEG ratio of 1.70 and a beta of 1.15. Kontoor Brands, Inc. has a 52-week low of $50.00 and a 52-week high of $96.80. The stock has a 50-day simple moving average of $76.10 and a 200 day simple moving average of $68.61.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.35. The business had revenue of $658.26 million during the quarter, compared to the consensus estimate of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.Kontoor Brands’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. On average, sell-side analysts expect that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 9th were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, September 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.8%. Kontoor Brands’s dividend payout ratio (DPR) is presently 46.43%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays reissued an “overweight” rating and issued a $91.00 target price (up previously from $86.00) on shares of Kontoor Brands in a research note on Friday, August 8th. Stifel Nicolaus raised their price target on Kontoor Brands from $72.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Wells Fargo & Company raised their price target on Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. UBS Group raised their price target on Kontoor Brands from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kontoor Brands in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.33.

Kontoor Brands Company Profile

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.