Infrastructure Capital Advisors LLC Acquires Shares of 7,812 Kontoor Brands, Inc. $KTB

Infrastructure Capital Advisors LLC acquired a new stake in Kontoor Brands, Inc. (NYSE:KTB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,812 shares of the company’s stock, valued at approximately $651,000.

A number of other hedge funds also recently modified their holdings of KTB. UBS Group AG raised its holdings in 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 acquiring an additional 20,270 shares during the period. AMG National Trust Bank boosted its holdings in shares of Kontoor Brands by 19.9% during the fourth quarter. AMG National Trust Bank now owns 162,657 shares of the company’s stock worth $9,937,000 after acquiring an additional 27,044 shares during the period. Jennison Associates LLC grew its position in shares of Kontoor Brands by 8.9% in the fourth quarter. Jennison Associates LLC now owns 1,214,831 shares of the company’s stock valued at $74,214,000 after purchasing an additional 99,593 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Kontoor Brands during the first quarter worth approximately $1,918,000. Finally, Fifth Third Bancorp increased its stake in shares of Kontoor Brands by 5,635.9% during the first quarter. Fifth Third Bancorp now owns 82,826 shares of the company’s stock worth $5,822,000 after purchasing an additional 81,382 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Price Performance

Shares of NYSE KTB opened at $82.03 on Monday. The stock has a market capitalization of $4.48 billion, a PE ratio of 17.13 and a beta of 0.88. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 0.99. The business has a fifty day moving average price of $82.51 and a two-hundred day moving average price of $74.55. Kontoor Brands, Inc. has a fifty-two week low of $56.19 and a fifty-two week high of $88.96.

Kontoor Brands (NYSE:KTB) last released its earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share (EPS) 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 company had revenue of $584.29 million for the quarter, compared to analyst estimates of $586.95 million. During the same period in the prior year, the firm posted $1.33 EPS. Kontoor Brands’s quarterly revenue was down 11.2% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. As a group, equities analysts predict that Kontoor Brands, Inc. will post 5.27 earnings per share for the current fiscal year.

Kontoor Brands Announces Dividend

The company also recently disclosed 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. This represents a $2.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, September 8th. Kontoor Brands’s dividend payout ratio is presently 44.26%.

Insiders Place Their Bets

In other Kontoor Brands news, EVP Thomas L. 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 of the company’s stock, valued at $2,091,006.09. This trade represents a 23.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott H. Baxter sold 184,403 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 261,786 shares of the company’s stock, valued at $21,832,952.40. The trade was a 41.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 196,063 shares of company stock worth $16,342,364 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays boosted their price target on Kontoor Brands from $96.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. BTIG Research lifted their target price on Kontoor Brands from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 14th. JPMorgan Chase & Co. boosted their target price on shares of Kontoor Brands from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Zacks Research raised shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, UBS Group lifted their price objective on shares of Kontoor Brands from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

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.