Jennifer Broyles Sells 4,000 Shares of Kontoor Brands (NYSE:KTB) Stock

by · The Cerbat Gem

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

Kontoor Brands Price Performance

KTB traded up $0.12 on Monday, hitting $79.13. 618,592 shares of the stock were exchanged, compared to its average volume of 815,748. Kontoor Brands, Inc. has a 12 month low of $53.55 and a 12 month 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. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 16.02 and a beta of 0.89.

Kontoor Brands (NYSE:KTBGet Free Report) last posted its quarterly earnings data 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). Kontoor Brands had a return on equity of 60.17% and a net margin of 8.30%.The firm had revenue of $613.32 million for the quarter, compared to the consensus estimate of $784.76 million. During the same period in the prior year, the company earned $1.20 EPS. The company’s revenue for the quarter was up 45.0% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. Sell-side analysts forecast that Kontoor Brands, Inc. will post 5.2 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 8th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $2.12 annualized dividend and a yield of 2.7%. Kontoor Brands’s dividend payout ratio is currently 42.91%.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen downgraded Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group boosted their target price on Kontoor Brands from $118.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Barclays boosted their target price on Kontoor Brands from $93.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. assumed coverage on Kontoor Brands in a research note on Monday, June 8th. They set an “overweight” rating and a $90.00 target price for the company. Finally, Weiss Ratings raised Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.20.

Read Our Latest Stock Analysis on KTB

Institutional Trading of Kontoor Brands

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Transamerica Financial Advisors LLC raised its holdings in Kontoor Brands by 335.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock valued at $25,000 after buying an additional 312 shares during the last quarter. Clearstead Advisors LLC increased its position in Kontoor Brands by 2,538.5% in the 3rd quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock valued at $27,000 after acquiring an additional 330 shares during the period. Torren Management LLC bought a new position in shares of Kontoor Brands during the fourth quarter valued at $27,000. Assetmark Inc. raised its stake in shares of Kontoor Brands by 532.3% during the third quarter. Assetmark Inc. now owns 392 shares of the company’s stock valued at $31,000 after acquiring an additional 330 shares during the last quarter. Finally, Private Trust Co. NA acquired a new position in shares of Kontoor Brands during the fourth quarter worth $31,000. 93.06% of the stock is currently owned by institutional investors.

Kontoor Brands Company Profile

(Get Free Report)

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.

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