Kontoor Brands, Inc. $KTB Stock Holdings Lifted by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey grew its stake in shares of Kontoor Brands, Inc. (NYSE:KTB) by 6.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,649 shares of the company’s stock after acquiring an additional 796 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Kontoor Brands were worth $834,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of Kontoor Brands by 2.1% during the second quarter. Geode Capital Management LLC now owns 1,623,778 shares of the company’s stock valued at $107,129,000 after purchasing an additional 32,630 shares during the last quarter. Vise Technologies Inc. purchased a new stake in Kontoor Brands during the second quarter valued at about $256,000. Midwest Trust Co purchased a new stake in Kontoor Brands during the second quarter valued at about $471,000. Campbell & CO Investment Adviser LLC increased its position in shares of Kontoor Brands by 199.0% in the second quarter. Campbell & CO Investment Adviser LLC now owns 48,739 shares of the company’s stock worth $3,215,000 after acquiring an additional 32,440 shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new stake in shares of Kontoor Brands during the second quarter valued at approximately $647,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on KTB. Stifel Nicolaus raised their price objective on shares of Kontoor Brands from $73.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. BTIG Research restated a “buy” rating and issued a $95.00 target price on shares of Kontoor Brands in a report on Tuesday, November 4th. Baird R W upgraded Kontoor Brands to a “strong-buy” rating in a report on Friday, October 17th. Robert W. Baird started coverage on Kontoor Brands in a research report on Friday, October 17th. They set an “outperform” rating and a $105.00 price target on the stock. Finally, UBS Group raised their price objective on Kontoor Brands from $114.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Kontoor Brands has an average rating of “Moderate Buy” and a consensus target price of $96.00.

Kontoor Brands Stock Performance

Shares of NYSE KTB opened at $70.23 on Friday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.91 and a quick ratio of 0.82. Kontoor Brands, Inc. has a one year low of $50.00 and a one year high of $96.80. The business’s 50-day moving average price is $78.79 and its two-hundred day moving average price is $72.49. The company has a market capitalization of $3.90 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings results on Monday, November 3rd. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.09. The business had revenue of $853.22 million during the quarter, compared to analyst estimates of $879.10 million. Kontoor Brands had a return on equity of 63.21% and a net margin of 7.68%.The firm’s revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 EPS. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS. Q4 2025 guidance at 1.640-1.640 EPS. Analysts anticipate that Kontoor Brands, Inc. will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Monday, December 8th will be given a $0.53 dividend. This is a positive change from Kontoor Brands’s previous quarterly dividend of $0.52. This represents a $2.12 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, December 8th. Kontoor Brands’s payout ratio is presently 53.61%.

Kontoor Brands Profile

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.