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Kontoor Brands (KTB) Stock Price, News & Analysis

$60.31
+0.95 (+1.60%)
(As of 01:33 PM ET)
Today's Range
$59.30
$60.50
50-Day Range
$57.34
$63.52
52-Week Range
$37.10
$64.49
Volume
188,597 shs
Average Volume
575,181 shs
Market Capitalization
$3.36 billion
P/E Ratio
14.85
Dividend Yield
3.32%
Price Target
$70.40

Kontoor Brands MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
16.7% Upside
$70.40 Price Target
Short Interest
Bearish
5.68% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.60
Upright™ Environmental Score
News Sentiment
0.69mentions of Kontoor Brands in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.38%
From $4.70 to $5.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.21 out of 5 stars

Consumer Discretionary Sector

61st out of 274 stocks

Mens' & Boy's Furnishings, Work Clothing, & Allied Garments Industry

4th out of 6 stocks

KTB stock logo

About Kontoor Brands Stock (NYSE:KTB)

Kontoor Brands, Inc., a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name. The company sells its products primarily through mass merchants, specialty stores, mid-tier and traditional department stores, company-operated stores, and online. It operates in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. Kontoor Brands, Inc. was incorporated in 2018 and is headquartered in Greensboro, North Carolina.

KTB Stock Price History

KTB Stock News Headlines

5 Mid-Caps to Buy Before the Next Broad Market Sell-Off
Concentration and a dimming outlook for earnings growth (outside of tech) in 2024 have the S&P 500 NYSEARCA: SPY set up for a correction. It may not happen soon, but signs continue to grow, with investors flooding into market leaders like NVIDIA NASDAQ: NVDA, Advanced Micro Devices NASDAQ: AMD, Amazon NASDAQ: AMZN, and Meta Platforms NASDAQ: META, and expectations for rate cuts are receding.
5 Mid-Caps to Buy Before the Next Broad Market Sell-Off (KTB)
The market is looking toppy and may correct at any time. Investors that want to front-run the sell-off should turn to small and mid-caps for value and yield.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Kontoor Brands: Difficult Environment
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
KTB Apr 2024 55.000 call
KTB Apr 2024 65.000 call
KTB Apr 2024 45.000 put
Demystifying Kontoor Brands: Insights From 4 Analyst Reviews
Kontoor Brands Slips After Q4 Profit Misses View
Why Kontoor Brands (KTB) Shares Are Sliding Today
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Ex-Dividend for 3/18 Dividend
3/07/2024
Dividend Payable
3/18/2024
Today
3/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Mens' & boy's furnishings, work clothing, & allied garments
Sub-Industry
N/A
Fax
N/A
Employees
13,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$70.40
High Stock Price Target
$85.00
Low Stock Price Target
$64.00
Potential Upside/Downside
+17.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$230.99 million
Pretax Margin
10.43%

Debt

Sales & Book Value

Annual Sales
$2.61 billion
Cash Flow
$5.35 per share
Book Value
$6.62 per share

Miscellaneous

Free Float
54,310,000
Market Cap
$3.34 billion
Optionable
Optionable
Beta
1.13
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Key Executives


KTB Stock Analysis - Frequently Asked Questions

Should I buy or sell Kontoor Brands stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kontoor Brands in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KTB shares.
View KTB analyst ratings
or view top-rated stocks.

What is Kontoor Brands' stock price target for 2024?

6 brokers have issued 1 year price targets for Kontoor Brands' stock. Their KTB share price targets range from $64.00 to $85.00. On average, they predict the company's stock price to reach $70.40 in the next year. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for KTB
or view top-rated stocks among Wall Street analysts.

How have KTB shares performed in 2024?

Kontoor Brands' stock was trading at $62.42 at the start of the year. Since then, KTB stock has decreased by 3.4% and is now trading at $60.31.
View the best growth stocks for 2024 here
.

Are investors shorting Kontoor Brands?

Kontoor Brands saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 3,160,000 shares, an increase of 24.9% from the February 14th total of 2,530,000 shares. Based on an average daily trading volume, of 501,000 shares, the days-to-cover ratio is presently 6.3 days. Approximately 5.8% of the shares of the company are sold short.
View Kontoor Brands' Short Interest
.

When is Kontoor Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our KTB earnings forecast
.

How were Kontoor Brands' earnings last quarter?

Kontoor Brands, Inc. (NYSE:KTB) posted its quarterly earnings data on Wednesday, February, 28th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by $0.02. The business had revenue of $669.80 million for the quarter, compared to the consensus estimate of $720.70 million. Kontoor Brands had a trailing twelve-month return on equity of 76.30% and a net margin of 8.86%.

How often does Kontoor Brands pay dividends? What is the dividend yield for Kontoor Brands?

Kontoor Brands announced a quarterly dividend on Friday, February 16th. Investors of record on Friday, March 8th will be given a dividend of $0.50 per share on Monday, March 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Thursday, March 7th.
Read our dividend analysis for KTB
.

Is Kontoor Brands a good dividend stock?

Kontoor Brands (NYSE:KTB) pays an annual dividend of $2.00 per share and currently has a dividend yield of 3.45%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 49.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KTB will have a dividend payout ratio of 36.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KTB.

What guidance has Kontoor Brands issued on next quarter's earnings?

Kontoor Brands issued an update on its FY24 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of $4.65 to $4.75 for the period, compared to the consensus EPS estimate of $5.10. The company issued revenue guidance of $2.57 billion to $2.63 billion, compared to the consensus revenue estimate of $2.71 billion.

What is Apisak Tantivorawong's approval rating as Kontoor Brands' CEO?

4 employees have rated Kontoor Brands Chief Executive Officer Apisak Tantivorawong on Glassdoor.com. Apisak Tantivorawong has an approval rating of 72% among the company's employees.

What other stocks do shareholders of Kontoor Brands own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kontoor Brands investors own include Intel (INTC), NVIDIA (NVDA), AT&T (T), AbbVie (ABBV), Pfizer (PFE), Advanced Micro Devices (AMD), V.F. (VFC), Walt Disney (DIS), Verizon Communications (VZ) and Cisco Systems (CSCO).

Who are Kontoor Brands' major shareholders?

Kontoor Brands' stock is owned by a number of institutional and retail investors. Top institutional shareholders include PNC Financial Services Group Inc. (19.18%), Vanguard Group Inc. (11.39%), Vanguard Group Inc. (11.48%), Capital World Investors (3.01%), Victory Capital Management Inc. (2.85%) and Dimensional Fund Advisors LP (2.04%). Insiders that own company stock include Christopher Waldeck, Laurel Krueger and Thomas E Waldron.
View institutional ownership trends
.

How do I buy shares of Kontoor Brands?

Shares of KTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KTB) was last updated on 3/28/2024 by MarketBeat.com Staff

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