Kontoor Brands (KTB) Stock Price, News & Analysis

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kontoor Brands in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" KTB shares.
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6 brokers have issued 1-year price objectives 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 twelve months. This suggests a possible upside of 30.4% from the stock's current price.
View analysts price targets for KTB or view top-rated stocks among Wall Street analysts.

Kontoor Brands' stock was trading at $62.42 at the start of the year. Since then, KTB shares have decreased by 13.5% and is now trading at $53.99.
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Kontoor Brands saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,650,000 shares, an increase of 49.5% from the March 15th total of 3,110,000 shares. Based on an average daily trading volume, of 569,300 shares, the short-interest ratio is presently 8.2 days. Approximately 8.5% of the shares of the stock are sold short.
View Kontoor Brands' Short Interest.

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

Kontoor Brands will be holding an earnings conference call on Thursday, May 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Kontoor Brands declared a quarterly dividend on Friday, February 16th. Stockholders 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 yield of 3.70%. The ex-dividend date of this dividend is Thursday, March 7th.
Read our dividend analysis for KTB.

Kontoor Brands (NYSE:KTB) pays an annual dividend of $2.00 per share and currently has a dividend yield of 3.71%. 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.

ETFs with the largest weight of Kontoor Brands (NYSE:KTB) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Invesco S&P SmallCap Quality ETF (XSHQ), Hartford Multifactor Small Cap ETF (ROSC), WisdomTree U.S. SmallCap Dividend Fund (DES) and Avantis US Small Cap Equity ETF (AVSC).SPDR S&P 600 Small Cap ETF (SLY).

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 earnings per share 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.

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.

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).

Kontoor Brands' stock is owned by many different retail and institutional investors. Top institutional shareholders include Mather Group LLC. (0.00%). Insiders that own company stock include Christopher Waldeck, Laurel Krueger and Thomas E Waldron.
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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.
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