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 company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $83.43, for a total transaction of $639,073.80. Following the transaction, the executive vice president owned 25,063 shares in the company, valued at $2,091,006.09. The trade was a 23.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kontoor Brands Price Performance

KTB stock opened at $84.87 on Friday. The firm has a 50 day moving average of $82.08 and a 200-day moving average of $73.66. Kontoor Brands, Inc. has a 12-month low of $56.19 and a 12-month high of $88.96. The company has a current ratio of 1.83, a quick ratio of 1.10 and a debt-to-equity ratio of 1.82. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 17.72 and a beta of 0.88.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.05 by $0.01. The business 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 59.71% and a net margin of 8.21%.The company’s quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.33 EPS. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. As a group, equities analysts expect that Kontoor Brands, Inc. will post 5.27 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $2.12 annualized dividend and a yield of 2.5%. Kontoor Brands’s payout ratio is currently 44.26%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KTB. Wells Fargo & Company upped their target price on Kontoor Brands from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday. Weiss Ratings downgraded Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th. Wall Street Zen cut shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Barclays raised their target price on shares of Kontoor Brands from $96.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, Kontoor Brands presently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Institutional Investors Weigh In On Kontoor Brands

Large investors have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC raised its holdings in shares of Kontoor Brands by 335.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock worth $25,000 after acquiring an additional 312 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Kontoor Brands during the second quarter valued at $26,000. Torren Management LLC acquired a new stake in shares of Kontoor Brands during the fourth quarter valued at $27,000. Private Trust Co. NA acquired a new stake in shares of Kontoor Brands during the fourth quarter valued at $31,000. Finally, Hantz Financial Services Inc. increased its position in Kontoor Brands by 196.2% during the 4th quarter. Hantz Financial Services Inc. now owns 551 shares of the company’s stock worth $34,000 after purchasing an additional 365 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.