Insider Selling: Kontoor Brands (NYSE:KTB) EVP Sells 4,000 Shares of Stock

Kontoor Brands, Inc. (NYSE:KTB) EVP Jennifer Broyles sold 4,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $81.02, for a total value of $324,080.00. Following the completion of the sale, the executive vice president owned 40,261 shares of the company’s stock, valued at $3,261,946.22. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Kontoor Brands Trading Up 0.1%

NYSE KTB traded up $0.12 on Monday, reaching $79.13. The company had a trading volume of 618,592 shares, compared to its average volume of 815,748. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 16.02 and a beta of 0.89. Kontoor Brands, Inc. has a fifty-two week low of $53.55 and a fifty-two week high of $87.00. The business has a 50 day moving average of $71.61 and a two-hundred day moving average of $68.15. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.87 and a quick ratio of 1.10.

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

Kontoor Brands Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 8th. Kontoor Brands’s dividend payout ratio is currently 42.91%.

Institutional Investors Weigh In On Kontoor Brands

A number of large investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its stake in Kontoor Brands by 12.3% in the fourth 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 in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Kontoor Brands by 9.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,795 shares of the company’s stock worth $110,000 after purchasing an additional 162 shares in the last quarter. Bank of Montreal Can grew its stake 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 valued at $568,000 after buying an additional 164 shares during the period. Stifel Financial Corp grew its stake in shares of Kontoor Brands by 0.8% in the 4th quarter. Stifel Financial Corp now owns 24,710 shares of the company’s stock valued at $1,510,000 after buying an additional 199 shares during the period. Finally, Allworth Financial LP increased its position in Kontoor Brands by 2.5% in the 3rd quarter. Allworth Financial LP now owns 8,553 shares of the company’s stock valued at $682,000 after buying an additional 211 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KTB has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. initiated coverage on shares of Kontoor Brands in a research report on Monday, June 8th. They set an “overweight” rating and a $90.00 target price for the company. Zacks Research downgraded shares of Kontoor Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 10th. UBS Group increased their target price on shares of Kontoor Brands from $118.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, The Goldman Sachs Group increased their target price on shares of Kontoor Brands from $84.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.20.

Kontoor Brands Company 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.