Kontoor Brands, Inc. (NYSE:KTB) Receives $91.20 Average PT from Analysts

Shares of Kontoor Brands, Inc. (NYSE:KTB) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $91.20.

A number of research analysts have commented on the stock. Zacks Research upgraded shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. initiated coverage on shares of Kontoor Brands in a research report on Monday, June 8th. They issued an “overweight” rating and a $90.00 target price for the company. BTIG Research restated a “buy” rating and issued a $100.00 target price on shares of Kontoor Brands in a research note on Friday, May 1st. Wall Street Zen cut shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Barclays lifted their price target on Kontoor Brands from $93.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th.

Kontoor Brands Stock Performance

Shares of KTB opened at $85.88 on Wednesday. The business’s 50 day moving average is $76.25 and its two-hundred day moving average is $70.47. Kontoor Brands has a 52-week low of $53.55 and a 52-week high of $88.96. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 17.38 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 1.83.

Kontoor Brands (NYSE:KTB) last released its earnings results on Thursday, May 7th. The company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.11). The business had revenue of $613.32 million for the quarter, compared to analysts’ expectations of $784.76 million. Kontoor Brands had a net margin of 8.30% and a return on equity of 60.17%. The business’s quarterly revenue was up 45.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 earnings per share. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. Analysts forecast that Kontoor Brands will post 5.2 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 8th were paid a dividend of $0.53 per share. The ex-dividend date was Monday, June 8th. This represents a $2.12 annualized dividend and a yield of 2.5%. Kontoor Brands’s dividend payout ratio is presently 42.91%.

Insider Buying and Selling

In other Kontoor Brands news, EVP Jennifer H. Broyles sold 4,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $81.02, for a total transaction of $324,080.00. Following the transaction, the executive vice president owned 40,261 shares of the company’s stock, valued at $3,261,946.22. This trade represents a 9.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kontoor Brands

Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG boosted its stake in Kontoor Brands by 3.8% during the 4th quarter. UBS Group AG now owns 551,758 shares of the company’s stock valued at $33,707,000 after purchasing an additional 20,270 shares during the period. AMG National Trust Bank increased its stake in shares of Kontoor Brands by 19.9% in the fourth quarter. AMG National Trust Bank now owns 162,657 shares of the company’s stock valued at $9,937,000 after purchasing an additional 27,044 shares during the period. Jennison Associates LLC increased its stake in shares of Kontoor Brands by 8.9% in the fourth quarter. Jennison Associates LLC now owns 1,214,831 shares of the company’s stock valued at $74,214,000 after purchasing an additional 99,593 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Kontoor Brands in the first quarter valued at approximately $1,918,000. Finally, Norges Bank bought a new stake in shares of Kontoor Brands during the fourth quarter valued at approximately $36,185,000. 93.06% of the stock is 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.