Kontoor Brands, Inc. $KTB Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in Kontoor Brands, Inc. (NYSE:KTB) by 67.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,926 shares of the company’s stock after selling 10,218 shares during the period. SG Americas Securities LLC’s holdings in Kontoor Brands were worth $346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Transamerica Financial Advisors LLC grew its stake in Kontoor Brands by 335.5% in the 4th 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 period. Torren Management LLC purchased a new position in shares of Kontoor Brands during the 4th quarter worth $27,000. Private Trust Co. NA purchased a new position in shares of Kontoor Brands during the 4th quarter worth $31,000. Hantz Financial Services Inc. lifted its stake in shares of 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 during the period. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Kontoor Brands during the third quarter worth $44,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Kontoor Brands Trading Up 0.2%

Shares of KTB stock opened at $84.55 on Friday. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 17.12 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 1.83. Kontoor Brands, Inc. has a fifty-two week low of $53.55 and a fifty-two week high of $88.85. The firm’s 50 day moving average price is $74.87 and its two-hundred day moving average price is $69.57.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.11). Kontoor Brands had a return on equity of 60.17% and a net margin of 8.30%.The business had revenue of $613.32 million during the quarter, compared to analyst estimates of $784.76 million. During the same period in the previous year, the company earned $1.20 EPS. Kontoor Brands’s revenue was up 45.0% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. On average, analysts anticipate that Kontoor Brands, Inc. will post 5.2 EPS for the current year.

Kontoor Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 8th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, June 8th. Kontoor Brands’s dividend payout ratio is currently 42.91%.

Insider Buying and Selling

In other Kontoor Brands news, EVP Jennifer H. Broyles sold 4,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $81.02, for a total value of $324,080.00. Following the transaction, the executive vice president directly owned 40,261 shares of the company’s stock, valued at $3,261,946.22. This trade represents a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Zacks Research downgraded Kontoor Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 10th. 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 price target on the stock. Barclays raised their price target on Kontoor Brands from $93.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. BTIG Research reaffirmed a “buy” rating and set a $100.00 price objective on shares of Kontoor Brands in a research note on Friday, May 1st. Finally, Wall Street Zen downgraded shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.20.

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.