Dynamic Technology Lab Private Ltd Takes Position in Kontoor Brands, Inc. $KTB

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Kontoor Brands, Inc. (NYSE:KTB) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,626 shares of the company’s stock, valued at approximately $1,260,000.

Several other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of Kontoor Brands by 15.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,019,204 shares of the company’s stock worth $184,443,000 after purchasing an additional 413,005 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Kontoor Brands by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,419,700 shares of the company’s stock worth $86,741,000 after purchasing an additional 13,725 shares during the last quarter. Capital World Investors increased its position in shares of Kontoor Brands by 8.5% in the third quarter. Capital World Investors now owns 1,276,410 shares of the company’s stock worth $101,819,000 after purchasing an additional 100,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Kontoor Brands by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,261,859 shares of the company’s stock worth $77,088,000 after purchasing an additional 15,213 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Kontoor Brands by 8.9% in the fourth quarter. Jennison Associates LLC now owns 1,214,831 shares of the company’s stock worth $74,214,000 after purchasing an additional 99,593 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on KTB shares. Weiss Ratings upgraded shares of Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Wall Street Zen lowered Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Kontoor Brands in a research note on Friday, May 1st. Stifel Nicolaus upped their target price on Kontoor Brands from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. began coverage on Kontoor Brands in a research note on Monday, June 8th. They issued an “overweight” rating and a $90.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.20.

Kontoor Brands Stock Down 1.6%

Shares of KTB opened at $79.09 on Friday. The firm has a market cap of $4.37 billion, a P/E ratio of 16.01 and a beta of 0.89. The stock has a 50 day simple moving average of $71.61 and a two-hundred day simple moving average of $68.17. 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 1 year low of $53.55 and a 1 year high of $87.00.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). Kontoor Brands had a net margin of 8.30% and a return on equity of 60.17%. The company had revenue of $613.32 million for the quarter, compared to analysts’ expectations of $784.76 million. During the same period last year, the company posted $1.20 EPS. The business’s revenue for the quarter was up 45.0% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. On average, 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 announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, June 8th. Kontoor Brands’s dividend payout ratio is currently 42.91%.

Kontoor Brands 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.