Kontoor Brands, Inc. $KTB Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Kontoor Brands, Inc. (NYSE:KTB) by 177.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,014 shares of the company’s stock after acquiring an additional 9,607 shares during the period. SG Americas Securities LLC’s holdings in Kontoor Brands were worth $1,198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its holdings in shares of Kontoor Brands by 73.0% during the third quarter. Harbor Capital Advisors Inc. now owns 308 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the period. Atlantic Union Bankshares Corp bought a new position in Kontoor Brands in the 2nd quarter valued at about $26,000. Salomon & Ludwin LLC increased its stake in Kontoor Brands by 2,614.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 380 shares of the company’s stock valued at $31,000 after buying an additional 366 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Kontoor Brands during the 2nd quarter worth about $35,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Kontoor Brands by 118.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,469 shares of the company’s stock worth $97,000 after acquiring an additional 797 shares during the period. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Stock Performance

KTB opened at $59.41 on Friday. The firm has a market cap of $3.30 billion, a PE ratio of 15.31 and a beta of 1.21. 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 business has a fifty day simple moving average of $66.97 and a 200-day simple moving average of $71.86. Kontoor Brands, Inc. has a fifty-two week low of $50.00 and a fifty-two week high of $96.80.

Kontoor Brands (NYSE:KTB) last announced its earnings results on Monday, November 3rd. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. Kontoor Brands had a return on equity of 63.21% and a net margin of 7.68%.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 previous year, the firm earned $1.37 earnings per share. Kontoor Brands’s revenue for the quarter was up 27.3% compared to the same quarter last year. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS and its Q4 2025 guidance at 1.640-1.640 EPS. As a group, equities analysts predict that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Monday, December 8th were paid a dividend of $0.53 per share. This is a boost from Kontoor Brands’s previous quarterly dividend of $0.52. This represents a $2.12 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, December 8th. Kontoor Brands’s payout ratio is currently 54.64%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. BTIG Research reiterated a “buy” rating and set a $95.00 price objective on shares of Kontoor Brands in a research note on Tuesday, November 4th. Barclays set a $74.00 price target on Kontoor Brands in a research note on Tuesday, January 6th. Robert W. Baird initiated coverage on Kontoor Brands in a research report on Friday, October 17th. They set an “outperform” rating and a $105.00 price target on the stock. BNP Paribas set a $50.00 price objective on Kontoor Brands in a report on Tuesday, December 9th. Finally, Baird R W raised Kontoor Brands to a “strong-buy” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.75.

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.