Robert W. Baird Begins Coverage on Kontoor Brands (NYSE:KTB)

Analysts at Robert W. Baird initiated coverage on shares of Kontoor Brands (NYSE:KTB) in a report issued on Friday, MarketBeat reports. The brokerage set an “outperform” rating and a $105.00 price target on the stock. Robert W. Baird’s price objective points to a potential upside of 23.81% from the company’s previous close.

KTB has been the subject of several other reports. BTIG Research began coverage on Kontoor Brands in a research report on Tuesday. They set a “buy” rating and a $95.00 target price for the company. Barclays restated an “overweight” rating and set a $91.00 target price (up from $86.00) on shares of Kontoor Brands in a research report on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Kontoor Brands in a research report on Wednesday, October 8th. Wall Street Zen upgraded Kontoor Brands from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, UBS Group boosted their target price on Kontoor Brands from $99.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.38.

Kontoor Brands Stock Performance

Shares of NYSE:KTB opened at $84.81 on Friday. The stock has a market capitalization of $4.71 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.94 and a beta of 1.15. Kontoor Brands has a 1-year low of $50.00 and a 1-year high of $96.80. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 2.74. The business has a 50-day moving average price of $78.38 and a two-hundred day moving average price of $69.22.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.35. The firm had revenue of $658.26 million during the quarter, compared to analysts’ expectations of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. Equities analysts predict that Kontoor Brands will post 4.82 earnings per share for the current year.

Institutional Trading of Kontoor Brands

A number of large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its stake in Kontoor Brands by 73.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 308 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares in the last quarter. AlphaQuest LLC boosted its position in Kontoor Brands by 2.2% during the 1st quarter. AlphaQuest LLC now owns 6,673 shares of the company’s stock worth $428,000 after acquiring an additional 143 shares during the last quarter. CWM LLC boosted its position in Kontoor Brands by 4.0% during the 3rd quarter. CWM LLC now owns 4,069 shares of the company’s stock worth $325,000 after acquiring an additional 157 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Kontoor Brands by 12.7% during the 1st quarter. TD Private Client Wealth LLC now owns 1,797 shares of the company’s stock worth $115,000 after acquiring an additional 203 shares during the last quarter. Finally, Xponance Inc. boosted its position in Kontoor Brands by 5.1% during the 1st quarter. Xponance Inc. now owns 4,230 shares of the company’s stock worth $271,000 after acquiring an additional 205 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

Kontoor Brands Company Profile

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.