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

Dynamic Technology Lab Private Ltd bought a new stake in shares of Kontoor Brands, Inc. (NYSE:KTB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 20,626 shares of the company’s stock, valued at approximately $1,260,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in shares of Kontoor Brands by 43.9% during the fourth quarter. Wells Fargo & Company MN now owns 94,254 shares of the company’s stock valued at $5,758,000 after acquiring an additional 28,775 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Kontoor Brands in the fourth quarter worth about $8,031,000. Advisors Asset Management Inc. lifted its holdings in Kontoor Brands by 28.2% in the fourth quarter. Advisors Asset Management Inc. now owns 3,468 shares of the company’s stock worth $212,000 after buying an additional 763 shares during the period. Jane Street Group LLC lifted its holdings in Kontoor Brands by 920.1% in the fourth quarter. Jane Street Group LLC now owns 191,368 shares of the company’s stock worth $11,691,000 after buying an additional 172,608 shares during the period. Finally, HRT Financial LP purchased a new stake in Kontoor Brands in the fourth quarter worth about $890,000. Institutional investors own 93.06% of the company’s stock.

Wall Street Analyst Weigh In

KTB has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Kontoor Brands in a report on Monday, June 8th. They issued an “overweight” rating and a $90.00 price objective for the company. Barclays raised their price objective on shares of Kontoor Brands from $93.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. UBS Group increased their price objective on Kontoor Brands from $118.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. BTIG Research reiterated a “buy” rating and issued a $100.00 price objective on shares of Kontoor Brands in a report on Friday, May 1st. Finally, The Goldman Sachs Group increased their price objective on Kontoor Brands from $84.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.20.

Kontoor Brands Price Performance

NYSE KTB opened at $79.09 on Friday. Kontoor Brands, Inc. has a one year low of $53.55 and a one year high of $87.00. The stock has a 50-day moving average of $71.61 and a 200 day moving average of $68.17. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 16.01 and a beta of 0.89. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.10 and a current ratio of 1.87.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.06 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 the consensus estimate of $784.76 million. During the same quarter in the previous year, the business posted $1.20 earnings per share. Kontoor Brands’s quarterly revenue 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, sell-side analysts forecast that Kontoor Brands, Inc. will post 5.2 EPS for the current year.

Kontoor Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 8th will be paid 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 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.