Bank of New York Mellon Corp Has $39.91 Million Stock Position in Kontoor Brands, Inc. $KTB

Bank of New York Mellon Corp increased its position in Kontoor Brands, Inc. (NYSE:KTB) by 1.2% in the second quarter, Holdings Channel.com reports. The firm owned 604,987 shares of the company’s stock after acquiring an additional 7,349 shares during the period. Bank of New York Mellon Corp’s holdings in Kontoor Brands were worth $39,911,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. AlphaQuest LLC grew its position in shares of Kontoor Brands by 2.2% during the 1st quarter. AlphaQuest LLC now owns 6,673 shares of the company’s stock worth $428,000 after buying an additional 143 shares during the period. Xponance Inc. grew its stake in shares of Kontoor Brands by 5.1% during the 1st quarter. Xponance Inc. now owns 4,230 shares of the company’s stock worth $271,000 after acquiring an additional 205 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in Kontoor Brands by 1.7% in the 2nd quarter. Maryland State Retirement & Pension System now owns 14,696 shares of the company’s stock valued at $969,000 after buying an additional 250 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Kontoor Brands by 2.9% in the first quarter. Hsbc Holdings PLC now owns 8,945 shares of the company’s stock valued at $570,000 after acquiring an additional 252 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Kontoor Brands by 11.5% during the 1st quarter. Stephens Inc. AR now owns 3,198 shares of the company’s stock worth $205,000 after purchasing an additional 330 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Stock Up 2.2%

Shares of NYSE:KTB opened at $72.90 on Thursday. The business has a fifty day simple moving average of $80.14 and a 200 day simple moving average of $72.08. The company has a quick ratio of 0.82, a current ratio of 1.91 and a debt-to-equity ratio of 2.53. The firm has a market cap of $4.05 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.62 and a beta of 1.27. Kontoor Brands, Inc. has a 12-month low of $50.00 and a 12-month high of $96.80.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings data on Monday, November 3rd. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. Kontoor Brands had a net margin of 7.68% and a return on equity of 63.21%. The company had revenue of $853.22 million for the quarter, compared to analyst estimates of $879.10 million. During the same period in the prior year, the firm posted $1.37 EPS. The company’s quarterly revenue was up 27.3% on a year-over-year basis. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS. Q4 2025 guidance at 1.640-1.640 EPS. Analysts predict that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Monday, December 8th will be paid a dividend of $0.53 per share. This is a boost from Kontoor Brands’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, December 8th. This represents a $2.12 annualized dividend and a yield of 2.9%. Kontoor Brands’s dividend payout ratio (DPR) is 53.61%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KTB shares. BTIG Research reaffirmed a “buy” rating and issued a $95.00 target price on shares of Kontoor Brands in a report on Tuesday, November 4th. Baird R W upgraded shares of Kontoor Brands to a “strong-buy” rating in a research note on Friday, October 17th. Wall Street Zen downgraded Kontoor Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Barclays raised their target price on shares of Kontoor Brands from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Finally, Robert W. Baird assumed coverage on Kontoor Brands in a report on Friday, October 17th. They set an “outperform” rating and a $105.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Kontoor Brands currently has an average rating of “Moderate Buy” and an average price target of $96.00.

About Kontoor Brands

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.