10,110 Shares of Kontoor Brands, Inc. $KTB Purchased by Inspire Investing LLC

Inspire Investing LLC purchased a new stake in shares of Kontoor Brands, Inc. (NYSE:KTB) in the 3rd quarter, HoldingsChannel reports. The fund purchased 10,110 shares of the company’s stock, valued at approximately $637,000.

Other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC purchased a new position in shares of Kontoor Brands in the 2nd quarter worth approximately $26,000. Bell Investment Advisors Inc purchased a new stake in Kontoor Brands during the second quarter valued at approximately $42,000. Harbor Investment Advisory LLC purchased a new stake in Kontoor Brands during the second quarter valued at approximately $61,000. Public Employees Retirement System of Ohio purchased a new stake in Kontoor Brands during the second quarter valued at approximately $80,000. Finally, Versant Capital Management Inc boosted its stake in Kontoor Brands by 68.2% in the third quarter. Versant Capital Management Inc now owns 1,090 shares of the company’s stock valued at $69,000 after acquiring an additional 442 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

Insider Activity at Kontoor Brands

In related news, EVP Thomas Doerr, Jr. sold 7,660 shares of the 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 completion of the transaction, the executive vice president directly owned 25,063 shares of the company’s stock, valued at approximately $2,091,006.09. This represents a 23.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott Baxter sold 184,403 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $83.40, for a total value of $15,379,210.20. Following the completion of the transaction, the chief executive officer owned 261,786 shares in the company, valued at $21,832,952.40. The trade was a 41.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

KTB has been the topic of several analyst reports. Needham & Company LLC started coverage on shares of Kontoor Brands in a report on Friday, October 16th. They issued a “hold” rating on the stock. Barclays lifted their price target on Kontoor Brands from $96.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. UBS Group increased their price objective on shares of Kontoor Brands from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Wells Fargo & Company boosted their price target on Kontoor Brands from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered shares of Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.56.

Kontoor Brands Price Performance

Shares of NYSE KTB opened at $75.92 on Friday. The firm has a market cap of $4.15 billion, a PE ratio of 15.85 and a beta of 0.87. The firm has a fifty day moving average of $70.72 and a 200 day moving average of $72.39. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.99 and a current ratio of 1.83. Kontoor Brands, Inc. has a one year low of $56.19 and a one year high of $88.96.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01. The business had revenue of $584.29 million for the quarter, compared to the consensus estimate of $586.95 million. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The company’s revenue was down 11.2% compared to the same quarter last year. 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, research analysts predict that Kontoor Brands, Inc. will post 5.27 EPS for the current fiscal year.

Kontoor Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Tuesday, December 8th will be given a dividend of $0.54 per share. The ex-dividend date is Tuesday, December 8th. This is a positive change from Kontoor Brands’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 2.8%. Kontoor Brands’s dividend payout ratio (DPR) is presently 44.26%.

Kontoor Brands Profile

Kontoor Brands, Inc (NYSE: KTB) is a global lifestyle apparel company focused on denim and casualwear. Its portfolio includes the Wrangler and Lee brands, as well as Rock & Republic, offering jeans, shirts, jackets, tops, bottoms, accessories and related products for men, women and children.

The company sells its products through wholesale customers, including department stores, specialty retailers and mass merchants, as well as through company-operated stores and e-commerce channels. Kontoor serves consumers in North America and international markets, with products distributed across multiple regions worldwide.

Kontoor Brands became an independent publicly traded company in 2019 following its separation from VF Corporation.