Kontoor Brands, Inc. (KTB) To Go Ex-Dividend on September 8th

Kontoor Brands, Inc. (NYSE:KTB) declared a quarterly dividend on Friday, July 24th. Stockholders of record on Tuesday, September 8th will be paid a dividend of 0.53 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 8th.

Kontoor Brands has increased its dividend by an average of 0.2%per year 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. Research analysts expect Kontoor Brands to earn $6.22 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 34.1%.

Kontoor Brands Trading Up 0.3%

Shares of NYSE:KTB opened at $83.66 on Friday. The company has a market capitalization of $4.62 billion, a PE ratio of 16.93 and a beta of 0.87. The company has a current ratio of 1.87, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83. Kontoor Brands has a 12-month low of $53.55 and a 12-month high of $88.96. The business’s fifty day simple moving average is $78.15 and its 200-day simple moving average is $71.28.

Kontoor Brands (NYSE:KTB) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). Kontoor Brands had a return on equity of 60.17% and a net margin of 8.30%.The company had revenue of $613.32 million for the quarter, compared to analysts’ expectations of $784.76 million. During the same quarter last year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was up 45.0% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. As a group, equities research analysts predict that Kontoor Brands will post 5.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Kontoor Brands

In other news, EVP Jennifer H. Broyles sold 4,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $81.02, for a total transaction of $324,080.00. Following the sale, the executive vice president owned 40,261 shares in the company, valued at approximately $3,261,946.22. The trade was a 9.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Trading of Kontoor Brands

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in Kontoor Brands by 7.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,991 shares of the company’s stock worth $166,000 after acquiring an additional 134 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings 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 purchasing an additional 157 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Kontoor Brands by 9.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,795 shares of the company’s stock worth $110,000 after purchasing an additional 162 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Kontoor Brands by 1.8% in the fourth quarter. Bank of Montreal Can now owns 9,297 shares of the company’s stock worth $568,000 after purchasing an additional 164 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings 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 purchasing an additional 199 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.