Kontoor Brands, Inc. $KTB Position Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in Kontoor Brands, Inc. (NYSE:KTB) by 119.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,188 shares of the company’s stock after purchasing an additional 14,255 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Kontoor Brands were worth $1,728,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Kontoor Brands by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 597,638 shares of the company’s stock valued at $38,327,000 after buying an additional 10,748 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Kontoor Brands in the 1st quarter worth approximately $898,000. American Century Companies Inc. increased its holdings in shares of Kontoor Brands by 9.4% in the 1st quarter. American Century Companies Inc. now owns 44,620 shares of the company’s stock valued at $2,862,000 after acquiring an additional 3,846 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Kontoor Brands during the 1st quarter valued at approximately $306,000. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Kontoor Brands by 5.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,091,445 shares of the company’s stock worth $69,994,000 after purchasing an additional 53,992 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KTB has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on shares of Kontoor Brands from $72.00 to $73.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Barclays restated an “overweight” rating and issued a $91.00 price target (up from $86.00) on shares of Kontoor Brands in a research report on Friday, August 8th. Wall Street Zen raised shares of Kontoor Brands from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Wells Fargo & Company increased their price objective on shares of Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Finally, BTIG Research started coverage on shares of Kontoor Brands in a report on Tuesday, October 14th. They issued a “buy” rating and a $95.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Kontoor Brands has a consensus rating of “Moderate Buy” and a consensus price target of $94.71.

Kontoor Brands Stock Performance

Shares of KTB opened at $81.12 on Friday. The firm has a fifty day moving average of $80.85 and a 200-day moving average of $71.23. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.85 and a beta of 1.15. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.95 and a current ratio of 2.18. Kontoor Brands, Inc. has a 1 year low of $50.00 and a 1 year high of $96.80.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.35. The business had revenue of $658.26 million for the quarter, compared to analysts’ expectations of $632.97 million. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. As a group, equities analysts anticipate that Kontoor Brands, Inc. will post 4.82 earnings per share for the current year.

Kontoor Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Monday, December 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 2.6%. This is a boost from Kontoor Brands’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, December 8th. Kontoor Brands’s dividend payout ratio is presently 46.43%.

About Kontoor Brands

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.