Kontoor Brands (NYSE:KTB) Hits New 1-Year High – Should You Buy?

Kontoor Brands, Inc. (NYSE:KTB) shares reached a new 52-week high on Friday . The stock traded as high as $88.96 and last traded at $87.9820, with a volume of 81413 shares traded. The stock had previously closed at $87.79.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KTB shares. Zacks Research raised shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, July 9th. Wall Street Zen cut shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Barclays raised their price objective on shares of Kontoor Brands from $93.00 to $96.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Weiss Ratings cut shares of Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Finally, BTIG Research reiterated a “buy” rating and issued a $100.00 target price on shares of Kontoor Brands in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.20.

Kontoor Brands Price Performance

The stock has a fifty day moving average of $76.25 and a 200-day moving average of $70.47. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $4.75 billion, a P/E ratio of 17.38 and a beta of 0.87.

Kontoor Brands (NYSE:KTB) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). The company had revenue of $613.32 million for the quarter, compared to the consensus estimate of $784.76 million. Kontoor Brands had a return on equity of 60.17% and a net margin of 8.30%.The firm’s revenue was up 45.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. Equities analysts predict that Kontoor Brands, Inc. will post 5.2 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 8th were issued a $0.53 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.5%. Kontoor Brands’s dividend payout ratio (DPR) is currently 42.91%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Kontoor Brands

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

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.