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

Kontoor Brands, Inc. (NYSE:KTB) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $87.75.

KTB has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on shares of Kontoor Brands from $73.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen cut shares of Kontoor Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Robert W. Baird started coverage on shares of Kontoor Brands in a research report on Friday, October 17th. They set an “outperform” rating and a $105.00 price objective for the company. Baird R W upgraded Kontoor Brands to a “strong-buy” rating in a research note on Friday, October 17th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $95.00 target price on shares of Kontoor Brands in a report on Tuesday, November 4th.

Kontoor Brands Price Performance

Shares of NYSE KTB opened at $57.81 on Wednesday. The business has a fifty day moving average price of $66.45 and a two-hundred day moving average price of $71.67. The stock has a market capitalization of $3.21 billion, a PE ratio of 14.90 and a beta of 1.21. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.91 and a quick ratio of 0.82. Kontoor Brands has a fifty-two week low of $50.00 and a fifty-two week high of $96.80.

Kontoor Brands (NYSE:KTB) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. The company had revenue of $853.22 million for the quarter, compared to analysts’ expectations of $879.10 million. Kontoor Brands had a return on equity of 63.21% and a net margin of 7.68%.Kontoor Brands’s revenue was up 27.3% on a year-over-year basis. During the same quarter last year, the business earned $1.37 earnings per share. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS and its Q4 2025 guidance at 1.640-1.640 EPS. As a group, equities analysts predict that Kontoor Brands will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Monday, December 8th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.7%. This is a boost from Kontoor Brands’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Monday, December 8th. Kontoor Brands’s payout ratio is 54.64%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KTB. Harbor Capital Advisors Inc. lifted its stake in Kontoor Brands by 73.0% in 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. CWM LLC grew its position in shares of Kontoor Brands by 4.0% during the 3rd quarter. CWM LLC now owns 4,069 shares of the company’s stock valued at $325,000 after purchasing an additional 157 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Kontoor Brands by 11.2% in the third quarter. EverSource Wealth Advisors LLC now owns 1,633 shares of the company’s stock worth $130,000 after purchasing an additional 164 shares during the period. Savant Capital LLC increased its holdings in shares of Kontoor Brands by 2.7% in the third quarter. Savant Capital LLC now owns 7,494 shares of the company’s stock worth $598,000 after purchasing an additional 199 shares during the period. Finally, Allworth Financial LP raised its position in shares of Kontoor Brands by 2.5% in the third quarter. Allworth Financial LP now owns 8,553 shares of the company’s stock worth $682,000 after buying an additional 211 shares in the last quarter. Institutional investors 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.