Y Intercept Hong Kong Ltd Invests $8.03 Million in Kontoor Brands, Inc. $KTB

Y Intercept Hong Kong Ltd acquired a new position in Kontoor Brands, Inc. (NYSE:KTB) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 131,466 shares of the company’s stock, valued at approximately $8,031,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Kontoor Brands by 9.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,795 shares of the company’s stock worth $110,000 after buying an additional 162 shares during the last quarter. Bank of Montreal Can grew its position in shares of Kontoor Brands by 1.8% in the 4th 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. Savant Capital LLC grew its position in shares of Kontoor Brands by 2.7% in the 3rd quarter. Savant Capital LLC now owns 7,494 shares of the company’s stock worth $598,000 after buying an additional 199 shares during the last quarter. Allworth Financial LP grew its position in shares of Kontoor Brands by 2.5% in the 3rd quarter. Allworth Financial LP now owns 8,553 shares of the company’s stock worth $682,000 after buying an additional 211 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Kontoor Brands by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,701 shares of the company’s stock worth $715,000 after buying an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Kontoor Brands Stock Down 1.6%

NYSE:KTB opened at $79.09 on Friday. The company has a market cap of $4.37 billion, a PE ratio of 16.01 and a beta of 0.89. Kontoor Brands, Inc. has a twelve month low of $53.55 and a twelve month high of $87.00. The company has a current ratio of 1.87, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83. The company’s 50 day moving average is $71.61 and its two-hundred day moving average is $68.17.

Kontoor Brands (NYSE:KTB) last released its earnings results on Thursday, May 7th. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.11). The company had revenue of $613.32 million for the quarter, compared to analysts’ expectations of $784.76 million. Kontoor Brands had a return on equity of 60.17% and a net margin of 8.30%.The firm’s revenue for the quarter was up 45.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 EPS. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. Analysts anticipate that Kontoor Brands, Inc. will post 5.2 EPS for the current year.

Kontoor Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 2.7%. The ex-dividend date of this dividend is Monday, June 8th. Kontoor Brands’s payout ratio is currently 42.91%.

Analyst Ratings Changes

KTB has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Kontoor Brands from $93.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Stifel Nicolaus lifted their price objective on shares of Kontoor Brands from $75.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. UBS Group boosted their target price on shares of Kontoor Brands from $118.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Zacks Research downgraded shares of Kontoor Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their target price on shares of Kontoor Brands from $84.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.20.

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.