Kontoor Brands, Inc. (KTB) To Go Ex-Dividend on March 10th

Kontoor Brands, Inc. (NYSE:KTB) declared a quarterly dividend on Friday, February 13th. Shareholders of record on Tuesday, March 10th will be paid a dividend of 0.53 per share on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, March 10th.

Kontoor Brands has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Kontoor Brands has a payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kontoor Brands to earn $5.28 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 40.2%.

Kontoor Brands Stock Down 2.8%

KTB opened at $76.57 on Friday. Kontoor Brands has a one year low of $50.00 and a one year high of $87.00. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.82 and a current ratio of 1.82. The stock has a market capitalization of $4.23 billion, a P/E ratio of 18.91 and a beta of 1.15. The business’s 50-day simple moving average is $64.07 and its 200-day simple moving average is $71.86.

Kontoor Brands (NYSE:KTB) last announced its earnings results on Tuesday, March 3rd. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $975.78 million. Kontoor Brands had a return on equity of 62.02% and a net margin of 7.22%.The business’s revenue was up 45.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 EPS. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. Analysts anticipate that Kontoor Brands will post 4.82 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its holdings in Kontoor Brands by 73.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 308 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares in the last quarter. CWM LLC boosted its stake in shares of Kontoor Brands by 4.0% in the third quarter. CWM LLC now owns 4,069 shares of the company’s stock valued at $325,000 after buying an additional 157 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Kontoor Brands by 12.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,436 shares of the company’s stock valued at $88,000 after buying an additional 157 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Kontoor Brands by 9.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,795 shares of the company’s stock worth $110,000 after acquiring an additional 162 shares during the period. Finally, Bank of Montreal Can grew its holdings in Kontoor Brands by 1.8% during the fourth quarter. Bank of Montreal Can now owns 9,297 shares of the company’s stock worth $568,000 after acquiring an additional 164 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

About Kontoor Brands

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.