89,928 Shares in Kontoor Brands, Inc. $KTB Bought by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new stake in shares of Kontoor Brands, Inc. (NYSE:KTB) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 89,928 shares of the company’s stock, valued at approximately $7,495,000. Squarepoint Ops LLC owned about 0.16% of Kontoor Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Kontoor Brands by 7.2% in the second quarter. GAMMA Investing LLC now owns 1,991 shares of the company’s stock worth $166,000 after purchasing an additional 134 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Kontoor Brands by 12.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,436 shares of the company’s stock worth $88,000 after purchasing an additional 157 shares during the period. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 162 shares during the period. Bank of Montreal Can boosted its holdings in shares of Kontoor Brands by 1.8% in 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 boosted its holdings in shares of Kontoor Brands by 0.8% in 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.

Analyst Ratings Changes

A number of analysts have commented on KTB shares. Zacks Research raised shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, July 9th. UBS Group lifted their price target on shares of Kontoor Brands from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. BTIG Research boosted their price objective on shares of Kontoor Brands from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Weiss Ratings lowered Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 2nd. Finally, Barclays raised their target price on Kontoor Brands from $96.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kontoor Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Insider Buying and Selling at Kontoor Brands

In other Kontoor Brands news, EVP Thomas Doerr, Jr. sold 7,660 shares of the stock in a transaction 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 completion of the sale, the executive vice president owned 25,063 shares in the company, valued at approximately $2,091,006.09. This represents a 23.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Scott Baxter sold 184,403 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $83.40, for a total value of $15,379,210.20. Following the sale, the chief executive officer directly owned 261,786 shares in the company, valued at approximately $21,832,952.40. This represents a 41.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.80% of the company’s stock.

Kontoor Brands Price Performance

NYSE KTB opened at $66.26 on Friday. Kontoor Brands, Inc. has a 12 month low of $56.19 and a 12 month high of $88.96. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 13.83 and a beta of 0.87. The company’s 50 day moving average is $80.99 and its two-hundred day moving average is $75.29. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 1.82.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The business had revenue of $584.29 million during the quarter, compared to analyst estimates of $586.95 million. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The company’s revenue was down 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. As a group, research analysts anticipate that Kontoor Brands, Inc. will post 5.27 earnings per share for the current year.

Kontoor Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $2.12 annualized dividend and a yield of 3.2%. Kontoor Brands’s dividend payout ratio is currently 44.26%.

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.