Peter A. Kidd, Executive Vice President and Chief Human Resources Officer of Kontoor Brands, Inc. (NYSE:KTB), has sold 6,431.369 shares of the company’s common stock, according to a recent filing. The transaction, dated November 6, 2026, was executed at prices ranging from $79.52 to $79.69 per share, amounting to a total value of $511,803.
Following the sale, Kidd’s beneficial ownership stands at 18,680.083 shares of Kontoor Brands common stock. This figure includes 57.639 shares acquired as dividend equivalents on restricted stock units since the last statement, with common stock also encompassing restricted stock units.
The stock has since climbed to $82.79, marking a year-to-date return of 38.6%. According to an analysis, the shares appear undervalued at current levels, with a Fair Value estimate of $83.66.
Kontoor Brands has also drawn attention for its dividend policy, having raised its dividend for six consecutive years. The current dividend yield is 2.61%.
In other recent developments, Kontoor Brands reported financial results for the third quarter of 2026, showing a mixed performance. The company exceeded expectations with an adjusted earnings per share (EPS) of $1.50, surpassing the analyst estimate of $1.36. However, revenue rose by 3% to $685 million, falling short of the $692.97 million consensus forecast. The EPS beat was attributed to stronger margins and effective cost control measures, while the revenue miss contributed to a decline in the stock price during regular trading hours.
These developments are part of the company’s recent financial activities and reflect its current operational dynamics.