Kontoor Brands (NYSE:KTB) Reaches New 1-Year High – Here’s What Happened

Kontoor Brands, Inc. (NYSE:KTB) shares hit a new 52-week high on Monday . The stock traded as high as $87.42 and last traded at $86.91, with a volume of 560648 shares trading hands. The stock had previously closed at $85.00.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Zacks Research cut shares of Kontoor Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 10th. Wall Street Zen lowered Kontoor Brands from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. BTIG Research reiterated a “buy” rating and set a $100.00 price target on shares of Kontoor Brands in a report on Friday, May 1st. JPMorgan Chase & Co. initiated coverage on shares of Kontoor Brands in a research note on Monday, June 8th. They issued an “overweight” rating and a $90.00 price objective for the company. Finally, Barclays raised their target price on shares of Kontoor Brands from $93.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.20.

Kontoor Brands Trading Down 4.5%

The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.10 and a current ratio of 1.87. The company’s 50 day moving average is $74.32 and its 200 day moving average is $69.28. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 17.05 and a beta of 0.87.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). The company had revenue of $613.32 million for the quarter, compared to analyst estimates of $784.76 million. Kontoor Brands had a net margin of 8.30% and a return on equity of 60.17%. The firm’s quarterly revenue was up 45.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 EPS. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. On average, research analysts forecast that Kontoor Brands, Inc. will post 5.2 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 8th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, June 8th. Kontoor Brands’s dividend payout ratio (DPR) is 42.91%.

Insider Activity at Kontoor Brands

In related news, EVP Jennifer H. Broyles sold 4,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $81.02, for a total transaction of $324,080.00. Following the completion of the sale, the executive vice president owned 40,261 shares in the company, valued at $3,261,946.22. This trade represents a 9.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Kontoor Brands

Several hedge funds have recently modified their holdings of the company. Transamerica Financial Advisors LLC boosted its holdings in shares of Kontoor Brands by 335.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock worth $25,000 after acquiring an additional 312 shares in the last quarter. Torren Management LLC bought a new position in Kontoor Brands in the 4th quarter valued at $27,000. Private Trust Co. NA acquired a new position in Kontoor Brands in the fourth quarter worth $31,000. CENTRAL TRUST Co acquired a new stake in shares of Kontoor Brands in the first quarter valued at $35,000. Finally, Hantz Financial Services Inc. lifted its position in Kontoor Brands by 196.2% during the 4th quarter. Hantz Financial Services Inc. now owns 551 shares of the company’s stock worth $34,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.