Kontoor Brands (NYSE:KTB – Get Rating) had its price objective decreased by stock analysts at Stifel Nicolaus from $50.00 to $45.00 in a research note issued on Wednesday, The Fly reports. Stifel Nicolaus’ price objective indicates a potential upside of 7.66% from the company’s previous close.
A number of other equities research analysts also recently commented on KTB. Zacks Investment Research upgraded Kontoor Brands from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Tuesday, May 10th. Barclays reduced their price objective on Kontoor Brands from $63.00 to $53.00 in a research note on Friday, April 1st. Finally, TheStreet raised shares of Kontoor Brands from a “c” rating to a “b” rating in a report on Friday, May 13th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $62.20.
Shares of KTB opened at $41.80 on Wednesday. The firm has a market cap of $2.34 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.09. The company has a debt-to-equity ratio of 4.29, a current ratio of 2.01 and a quick ratio of 1.12. Kontoor Brands has a 1 year low of $39.01 and a 1 year high of $67.00. The company has a 50 day simple moving average of $42.15 and a two-hundred day simple moving average of $48.32.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KTB. Parallel Advisors LLC raised its holdings in Kontoor Brands by 552.5% during the 1st quarter. Parallel Advisors LLC now owns 659 shares of the company’s stock valued at $28,000 after buying an additional 558 shares during the period. Jones Financial Companies Lllp increased its position in Kontoor Brands by 81.7% during the first quarter. Jones Financial Companies Lllp now owns 1,161 shares of the company’s stock valued at $48,000 after acquiring an additional 522 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in shares of Kontoor Brands by 27.6% in the first quarter. NN Investment Partners Holdings N.V. now owns 1,171 shares of the company’s stock valued at $48,000 after acquiring an additional 253 shares during the period. Toth Financial Advisory Corp lifted its holdings in shares of Kontoor Brands by 1,387.1% in the 1st quarter. Toth Financial Advisory Corp now owns 2,305 shares of the company’s stock worth $95,000 after acquiring an additional 2,150 shares during the last quarter. Finally, Meritage Portfolio Management bought a new stake in shares of Kontoor Brands in the 4th quarter worth about $212,000. 99.18% of the stock is currently owned by hedge funds and other institutional investors.
Kontoor Brands Company Profile (Get Rating)
Kontoor Brands, Inc, a lifestyle apparel company, designs, manufactures, procures, markets, and distributes denim, apparel, and accessories under the Wrangler, Lee, and Rock & Republic brands in the United States and internationally. It operates through two segments, Wrangler and Lee. The company sells its products primarily through mass merchants, specialty stores, mid-tier and traditional department stores, company-operated stores, and online.
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