Allspring Global Investments Holdings LLC Acquires Shares of 137,044 Kontoor Brands, Inc. $KTB

Allspring Global Investments Holdings LLC acquired a new position in shares of Kontoor Brands, Inc. (NYSE:KTB) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 137,044 shares of the company’s stock, valued at approximately $9,647,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in Kontoor Brands in the second quarter valued at $35,000. Blue Trust Inc. boosted its position in shares of Kontoor Brands by 23.4% during the 1st quarter. Blue Trust Inc. now owns 1,446 shares of the company’s stock worth $93,000 after acquiring an additional 274 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Kontoor Brands during the 1st quarter worth about $94,000. Advisors Asset Management Inc. increased its holdings in shares of Kontoor Brands by 240.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,745 shares of the company’s stock valued at $112,000 after acquiring an additional 1,233 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of Kontoor Brands by 12.7% during the 1st quarter. TD Private Client Wealth LLC now owns 1,797 shares of the company’s stock worth $115,000 after acquiring an additional 203 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KTB shares. Baird R W raised Kontoor Brands to a “strong-buy” rating in a report on Friday. Wall Street Zen upgraded shares of Kontoor Brands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. UBS Group lifted their price target on shares of Kontoor Brands from $99.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Kontoor Brands in a research report on Wednesday, October 8th. Finally, Robert W. Baird assumed coverage on Kontoor Brands in a report on Friday. They set an “outperform” rating and a $105.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.38.

Kontoor Brands Stock Performance

Shares of Kontoor Brands stock opened at $84.81 on Friday. The firm’s fifty day simple moving average is $78.38 and its 200-day simple moving average is $69.22. Kontoor Brands, Inc. has a 12 month low of $50.00 and a 12 month high of $96.80. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.94 and a beta of 1.15. The company has a debt-to-equity ratio of 2.74, a current ratio of 2.18 and a quick ratio of 0.95.

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

Kontoor Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 9th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $2.08 annualized dividend and a yield of 2.5%. Kontoor Brands’s dividend payout ratio is currently 46.43%.

Kontoor Brands 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.