Brokerages Set Kontoor Brands, Inc. (NYSE:KTB) Target Price at $91.33

Kontoor Brands, Inc. (NYSE:KTB) has received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $91.3333.

A number of brokerages have issued reports on KTB. UBS Group boosted their price target on Kontoor Brands from $118.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Wells Fargo & Company boosted their price target on Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Weiss Ratings upgraded Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Barclays boosted their price objective on Kontoor Brands from $93.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Finally, Zacks Research cut Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th.

Institutional Trading of Kontoor Brands

Institutional investors and hedge funds have recently made changes to their positions in the business. Clearstead Advisors LLC increased its position in shares of Kontoor Brands by 2,538.5% in the third quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock valued at $27,000 after buying an additional 330 shares in the last quarter. Assetmark Inc. increased its position in shares of Kontoor Brands by 532.3% in the third quarter. Assetmark Inc. now owns 392 shares of the company’s stock valued at $31,000 after buying an additional 330 shares in the last quarter. Transamerica Financial Advisors LLC increased its position in shares of Kontoor Brands by 335.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock worth $25,000 after purchasing an additional 312 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Kontoor Brands during the fourth quarter worth approximately $27,000. Finally, Private Trust Co. NA purchased a new stake in shares of Kontoor Brands during the fourth quarter worth approximately $31,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Kontoor Brands Trading Down 2.4%

Shares of NYSE:KTB opened at $72.00 on Tuesday. Kontoor Brands has a 12-month low of $53.55 and a 12-month high of $87.00. The company has a market capitalization of $3.98 billion, a PE ratio of 14.57 and a beta of 0.91. The business has a 50 day moving average of $70.69 and a two-hundred day moving average of $68.00. The company has a current ratio of 1.87, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83.

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

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 8th will be given a $0.53 dividend. The ex-dividend date is Monday, June 8th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.9%. Kontoor Brands’s payout ratio is 42.91%.

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.