Thomas Doerr, Jr. Sells 7,660 Shares of Kontoor Brands (NYSE:KTB) Stock

Kontoor Brands, Inc. (NYSE:KTB) EVP Thomas Doerr, Jr. sold 7,660 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $83.43, for a total value of $639,073.80. Following the sale, the executive vice president owned 25,063 shares in the company, valued at $2,091,006.09. This represents a 23.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kontoor Brands Price Performance

KTB traded up $0.83 on Friday, reaching $84.87. The stock had a trading volume of 1,012,739 shares, compared to its average volume of 816,644. The company has a current ratio of 1.87, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 17.72 and a beta of 0.88. Kontoor Brands, Inc. has a fifty-two week low of $56.19 and a fifty-two week high of $88.96. The firm has a 50-day moving average of $81.78 and a 200-day moving average of $73.58.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The firm had revenue of $584.29 million for the quarter, compared to analyst estimates of $586.95 million. Kontoor Brands had a return on equity of 60.94% and a net margin of 8.21%.The business’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. As a group, sell-side analysts anticipate that Kontoor Brands, Inc. will post 5.3 EPS for the current year.

Kontoor Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, September 8th. This represents a $2.12 annualized dividend and a yield of 2.5%. Kontoor Brands’s dividend payout ratio (DPR) is currently 42.91%.

Institutional Trading of Kontoor Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KTB. GAMMA Investing LLC raised its holdings in Kontoor Brands by 7.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,991 shares of the company’s stock worth $166,000 after purchasing an additional 134 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Kontoor Brands by 12.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,436 shares of the company’s stock worth $88,000 after purchasing an additional 157 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Kontoor Brands by 9.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,795 shares of the company’s stock valued at $110,000 after purchasing an additional 162 shares during the last quarter. Bank of Montreal Can increased its position in shares of 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 buying an additional 164 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Kontoor Brands by 0.8% during the fourth quarter. Stifel Financial Corp now owns 24,710 shares of the company’s stock worth $1,510,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays upped their price target on shares of Kontoor Brands from $96.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of Kontoor Brands from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday. BTIG Research boosted their price objective on shares of Kontoor Brands from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings downgraded Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Finally, UBS Group raised their target price on Kontoor Brands from $131.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.00.

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.