Kontoor Brands (NYSE:KTB) EVP Sells $639,073.80 in Stock

Kontoor Brands, Inc. (NYSE:KTB) EVP Thomas Doerr, Jr. sold 7,660 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $83.43, for a total value of $639,073.80. Following the sale, the executive vice president directly owned 25,063 shares in the company, valued at $2,091,006.09. This represents a 23.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kontoor Brands Price Performance

Shares of KTB traded up $0.83 during trading hours on Friday, hitting $84.87. 1,012,739 shares of the company were exchanged, compared to its average volume of 816,644. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 17.72 and a beta of 0.88. Kontoor Brands, Inc. has a fifty-two week low of $56.19 and a fifty-two week high of $88.96. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 1.83. The firm’s fifty day moving average is $81.78 and its 200 day moving average is $73.58.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. Kontoor Brands had a return on equity of 60.94% and a net margin of 8.21%.The business had revenue of $584.29 million during the quarter, compared to the consensus estimate of $586.95 million. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Kontoor Brands’s revenue for the quarter was down 11.2% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. On average, equities analysts anticipate that Kontoor Brands, Inc. will post 5.3 earnings per share for the current fiscal year.

Kontoor Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be given a $0.53 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $2.12 annualized dividend and a dividend yield of 2.5%. Kontoor Brands’s payout ratio is presently 42.91%.

Analyst Ratings Changes

Several analysts recently issued reports on KTB shares. BTIG Research increased their price target on shares of Kontoor Brands from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group boosted their price objective on shares of Kontoor Brands from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Kontoor Brands from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Barclays raised their target price on Kontoor Brands from $96.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Zacks Research upgraded Kontoor Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of Kontoor Brands by 7.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,991 shares of the company’s stock valued at $166,000 after purchasing an additional 134 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Kontoor Brands by 12.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,436 shares of the company’s stock valued at $88,000 after purchasing an additional 157 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Kontoor Brands by 9.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,795 shares of the company’s stock valued at $110,000 after buying an additional 162 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Kontoor Brands by 1.8% during the fourth quarter. Bank of Montreal Can now owns 9,297 shares of the company’s stock worth $568,000 after buying an additional 164 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Kontoor Brands by 0.8% during the fourth quarter. Stifel Financial Corp now owns 24,710 shares of the company’s stock worth $1,510,000 after buying an additional 199 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

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.