Kontoor Brands (NYSE:KTB) EVP Jennifer Broyles Sells 4,000 Shares

Kontoor Brands, Inc. (NYSE:KTB) EVP Jennifer Broyles sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $81.02, for a total value of $324,080.00. Following the sale, the executive vice president directly owned 40,261 shares in the company, valued at $3,261,946.22. This trade represents a 9.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kontoor Brands Price Performance

Shares of NYSE:KTB opened at $79.13 on Tuesday. The business’s 50 day simple moving average is $71.81 and its 200-day simple moving average is $68.19. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 16.02 and a beta of 0.89. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.87 and a quick ratio of 1.10. Kontoor Brands, Inc. has a 12 month low of $53.55 and a 12 month high of $87.00.

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

Kontoor Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. Kontoor Brands’s payout ratio is 42.91%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Barclays upped their target price on Kontoor Brands from $93.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Zacks Research lowered Kontoor Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 10th. Weiss Ratings raised Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Finally, Stifel Nicolaus upped their target price on Kontoor Brands from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.20.

Institutional Investors Weigh In On Kontoor Brands

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clearstead Advisors LLC lifted its stake in Kontoor Brands by 2,538.5% in the 3rd quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock valued at $27,000 after buying an additional 330 shares in the last quarter. Assetmark Inc. raised its holdings in Kontoor Brands by 532.3% in the 3rd quarter. Assetmark Inc. now owns 392 shares of the company’s stock valued at $31,000 after acquiring an additional 330 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in Kontoor Brands by 335.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock valued at $25,000 after acquiring an additional 312 shares during the last quarter. Torren Management LLC acquired a new position in Kontoor Brands in the 4th quarter valued at $27,000. Finally, Private Trust Co. NA acquired a new position in Kontoor Brands in the 4th quarter valued at $31,000. Hedge funds and other institutional investors 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.