GSA Capital Partners LLP Makes New $2.81 Million Investment in Kontoor Brands, Inc. $KTB

GSA Capital Partners LLP bought a new position in Kontoor Brands, Inc. (NYSE:KTB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 46,002 shares of the company’s stock, valued at approximately $2,810,000.

Several other large investors have also added to or reduced their stakes in KTB. Clearstead Advisors LLC boosted 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 worth $27,000 after purchasing an additional 330 shares during the period. Torren Management LLC bought a new position in Kontoor Brands in the 4th quarter worth about $27,000. First Horizon Corp bought a new position in Kontoor Brands in the 3rd quarter worth about $31,000. Assetmark Inc. boosted its stake in Kontoor Brands by 532.3% in the 3rd quarter. Assetmark Inc. now owns 392 shares of the company’s stock worth $31,000 after purchasing an additional 330 shares during the period. Finally, Private Trust Co. NA bought a new position in Kontoor Brands in the 4th quarter worth about $31,000. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Price Performance

KTB opened at $64.20 on Tuesday. The stock’s 50 day simple moving average is $70.59 and its 200 day simple moving average is $68.37. 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. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 13.00 and a beta of 0.91.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings results 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 company had revenue of $613.32 million for the quarter, compared to the consensus estimate of $784.76 million. During the same quarter in the previous year, the business earned $1.20 earnings per share. Kontoor Brands’s 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. As a group, analysts predict that Kontoor Brands, Inc. will post 5.2 earnings per share for the current year.

Kontoor Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 8th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, June 8th. Kontoor Brands’s dividend payout ratio (DPR) is presently 42.91%.

Analyst Upgrades and Downgrades

KTB has been the subject of several analyst reports. Wall Street Zen downgraded Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Stifel Nicolaus raised 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. UBS Group raised their target price on Kontoor Brands from $118.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group raised their target price on Kontoor Brands from $84.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings raised Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.33.

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.