Kontoor Brands, Inc. (NYSE:KTB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Kontoor Brands, Inc. (NYSE:KTB) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $91.00.

Several analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Kontoor Brands in a report on Monday, December 29th. The Goldman Sachs Group upped their price objective on Kontoor Brands from $84.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. UBS Group increased their price objective on Kontoor Brands from $118.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Jefferies Financial Group assumed coverage on Kontoor Brands in a report on Wednesday, February 4th. They issued a “hold” rating and a $65.00 target price for the company. Finally, BTIG Research boosted their target price on shares of Kontoor Brands from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th.

Kontoor Brands Trading Down 2.4%

Shares of Kontoor Brands stock opened at $66.44 on Thursday. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 16.41 and a beta of 1.15. Kontoor Brands has a 52-week low of $50.00 and a 52-week high of $87.00. The company’s 50-day simple moving average is $64.53 and its 200-day simple moving average is $71.77. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 2.01.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.08. Kontoor Brands had a net margin of 7.22% and a return on equity of 62.02%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $975.78 million. During the same quarter last year, the firm earned $1.38 earnings per share. The firm’s revenue was up 45.6% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. As a group, equities research analysts anticipate that Kontoor Brands will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be paid a $0.53 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $2.12 annualized dividend and a dividend yield of 3.2%. Kontoor Brands’s dividend payout ratio (DPR) is 52.35%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in Kontoor Brands by 29.1% in the first quarter. Royal Bank of Canada now owns 105,895 shares of the company’s stock valued at $6,793,000 after buying an additional 23,880 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Kontoor Brands by 49.3% during the 1st quarter. AQR Capital Management LLC now owns 14,641 shares of the company’s stock worth $939,000 after acquiring an additional 4,836 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Kontoor Brands by 250.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,388 shares of the company’s stock worth $602,000 after acquiring an additional 6,712 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Kontoor Brands by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,779 shares of the company’s stock worth $2,102,000 after acquiring an additional 1,432 shares during the period. Finally, Millennium Management LLC increased its stake in Kontoor Brands by 222.5% in the 1st quarter. Millennium Management LLC now owns 156,332 shares of the company’s stock valued at $10,026,000 after purchasing an additional 107,855 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Kontoor Brands Company Profile

Kontoor Brands, Inc is a global apparel company best known for its Wrangler and Lee denim and lifestyle brands. Established as an independent, publicly traded company in May 2019 following a spin-off from VF Corporation, Kontoor leverages a legacy that dates back to 1889 with the founding of Lee and to 1947 with the introduction of the Wrangler brand. The company focuses on designing, manufacturing and distributing premium, casual and workwear apparel, including jeans, pants, shorts, shirts, jackets and complementary accessories.

Kontoor Brands operates a diversified sales model that combines wholesale partnerships with leading retailers, distribution through e-commerce channels and select direct-to-consumer formats.