Schroder Investment Management Group Takes Position in Kontoor Brands, Inc. $KTB

Schroder Investment Management Group bought a new stake in Kontoor Brands, Inc. (NYSE:KTB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 74,388 shares of the company’s stock, valued at approximately $4,907,000. Schroder Investment Management Group owned about 0.13% of Kontoor Brands at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp acquired a new position in shares of Kontoor Brands during the 2nd quarter valued at about $26,000. Ameritas Advisory Services LLC acquired a new stake in shares of Kontoor Brands in the second quarter worth approximately $35,000. SVB Wealth LLC purchased a new stake in Kontoor Brands in the first quarter valued at approximately $94,000. Advisors Asset Management Inc. increased its position in Kontoor Brands by 240.8% during the first quarter. Advisors Asset Management Inc. now owns 1,745 shares of the company’s stock worth $112,000 after purchasing an additional 1,233 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Kontoor Brands by 196.7% during the second quarter. GAMMA Investing LLC now owns 1,774 shares of the company’s stock worth $117,000 after purchasing an additional 1,176 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Kontoor Brands Stock Performance

Shares of NYSE:KTB opened at $76.33 on Friday. The business’s 50-day simple moving average is $77.61 and its 200 day simple moving average is $72.71. The company has a market cap of $4.24 billion, a P/E ratio of 19.67 and a beta of 1.18. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.82 and a current ratio of 1.91. Kontoor Brands, Inc. has a one year low of $50.00 and a one year high of $96.80.

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

Kontoor Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Monday, December 8th will be paid a dividend of $0.53 per share. This is a positive change from Kontoor Brands’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, December 8th. This represents a $2.12 annualized dividend and a yield of 2.8%. Kontoor Brands’s payout ratio is presently 53.61%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KTB shares. Wells Fargo & Company lifted their price target on shares of Kontoor Brands from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. UBS Group increased their target price on Kontoor Brands from $114.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Barclays boosted their price target on Kontoor Brands from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Baird R W upgraded Kontoor Brands to a “strong-buy” rating in a report on Friday, October 17th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Kontoor Brands in a research note 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 assigned a Hold rating to the stock. According to MarketBeat.com, Kontoor Brands presently has a consensus rating of “Moderate Buy” and an average target price of $96.00.

Kontoor Brands Company 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.