Kontoor Brands (NYSE:KTB) CEO Scott Baxter Sells 184,403 Shares

17 Aug 2026, 23:09 by Michael Walen · The Markets Daily

Kontoor Brands, Inc. (NYSE:KTB – Get Free Report) CEO Scott Baxter sold 184,403 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $83.40, for a total transaction of $15,379,210.20. Following the completion of the transaction, the chief executive officer owned 261,786 shares in the company, valued at $21,832,952.40. The trade was a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kontoor Brands Stock Performance

KTB traded down $3.33 during trading on Monday, hitting $81.57. The stock had a trading volume of 665,367 shares, compared to its average volume of 815,674. The firm has a market cap of $4.46 billion, a PE ratio of 17.03 and a beta of 0.88. 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, Inc. has a 12 month low of $56.19 and a 12 month high of $88.96. The company has a 50 day simple moving average of $82.08 and a 200-day simple moving average of $73.77.

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

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 8th. Kontoor Brands’s payout ratio is currently 44.26%.

Analyst Ratings Changes

KTB has been the topic of a number of research analyst reports. UBS Group raised their target price on Kontoor Brands from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company increased their price objective on Kontoor Brands from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Wall Street Zen downgraded shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.00.

Check Out Our Latest Analysis on Kontoor Brands

Hedge Funds Weigh In On Kontoor Brands

Several large investors have recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC increased its position in shares of Kontoor Brands by 335.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock valued at $25,000 after purchasing an additional 312 shares during the period. Global Retirement Partners LLC bought a new position in Kontoor Brands in the second quarter worth $26,000. Torren Management LLC bought a new position in Kontoor Brands in the fourth quarter worth $27,000. Private Trust Co. NA acquired a new stake in Kontoor Brands during the fourth quarter worth $31,000. Finally, Hantz Financial Services Inc. boosted its stake in Kontoor Brands by 196.2% during the fourth quarter. Hantz Financial Services Inc. now owns 551 shares of the company’s stock worth $34,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.