Kontoor Brands, Inc. (NYSE:KTB) Stock Has Consensus Price Target of $95.00 According to Brokerages

Shares of Kontoor Brands, Inc. (NYSE:KTB) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $95.00.

KTB has been the subject of several research analyst reports. UBS Group lifted their price objective on Kontoor Brands from $131.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. raised their target price on Kontoor Brands from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Barclays lifted their target price on Kontoor Brands from $96.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Wells Fargo & Company boosted their price target on Kontoor Brands from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings upgraded Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th.

Insider Buying and Selling at Kontoor Brands

In other news, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $83.43, for a total transaction of $639,073.80. Following the transaction, the executive vice president owned 25,063 shares of the company’s stock, valued at $2,091,006.09. This represents a 23.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott H. Baxter sold 184,403 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $83.40, for a total value of $15,379,210.20. Following the completion of the sale, the chief executive officer owned 261,786 shares of the company’s stock, valued at approximately $21,832,952.40. This represents a 41.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KTB. BlackRock Inc. acquired a new position in shares of Kontoor Brands during the second quarter worth approximately $674,664,000. Dimensional Fund Advisors LP grew its position in Kontoor Brands by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,268,336 shares of the company’s stock valued at $89,132,000 after purchasing an additional 6,477 shares during the period. Geode Capital Management LLC increased its stake in Kontoor Brands by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,419,700 shares of the company’s stock valued at $86,741,000 after purchasing an additional 13,725 shares in the last quarter. Jennison Associates LLC increased its stake in Kontoor Brands by 0.9% during the 1st quarter. Jennison Associates LLC now owns 1,225,371 shares of the company’s stock valued at $86,131,000 after purchasing an additional 10,540 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Kontoor Brands during the second quarter worth $45,003,000. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Stock Down 1.8%

Shares of NYSE KTB opened at $63.11 on Monday. The company’s 50 day moving average price is $75.54 and its 200-day moving average price is $74.87. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.99 and a current ratio of 1.83. Kontoor Brands has a 52-week low of $56.19 and a 52-week high of $88.96. The company has a market capitalization of $3.45 billion, a P/E ratio of 13.18 and a beta of 0.87.

Kontoor Brands (NYSE:KTB) last announced its earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The business had revenue of $584.29 million during the quarter, compared to the consensus estimate of $586.95 million. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. Kontoor Brands’s quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 earnings per share. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. Equities analysts forecast that Kontoor Brands will post 5.27 earnings per share for the current year.

Kontoor Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, September 8th. Kontoor Brands’s payout ratio is presently 44.26%.

Kontoor Brands Company Profile

Kontoor Brands, Inc is a global lifestyle apparel company focused primarily on denim and casualwear. Its portfolio includes Wrangler, a denim and western-inspired apparel brand, and Lee, a denim and casualwear brand with a long history in the United States and international markets. The company also offers products under other brands, including Rock & Republic, and sells jeans, tops, jackets, shirts, shorts and related apparel.

Kontoor Brands serves consumers through wholesale partners, department stores, specialty retailers, mass merchants, company-operated and brand-specific retail locations, and e-commerce channels.