Kontoor Brands, Inc. (NYSE:KTB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Kontoor Brands, Inc. (NYSE:KTB) have been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $91.00.

KTB has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Stifel Nicolaus raised their target price on shares of Kontoor Brands from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Jefferies Financial Group initiated coverage on shares of Kontoor Brands in a research report on Wednesday, February 4th. They issued a “hold” rating and a $65.00 price objective for the company. UBS Group raised their target price on shares of Kontoor Brands from $118.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, BNP Paribas Exane set a $50.00 price target on Kontoor Brands in a research report on Tuesday, December 9th.

Institutional Trading of Kontoor Brands

Several hedge funds and other institutional investors have recently modified their holdings of KTB. Harbor Capital Advisors Inc. grew its position in shares of Kontoor Brands by 73.0% during 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. Transamerica Financial Advisors LLC raised its position in shares of Kontoor Brands by 335.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock valued at $25,000 after buying an additional 312 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Kontoor Brands in the second quarter valued at approximately $26,000. Clearstead Advisors LLC grew its position in Kontoor Brands by 2,538.5% during the third quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock worth $27,000 after buying an additional 330 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in Kontoor Brands during the fourth quarter worth approximately $27,000. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Price Performance

Shares of KTB opened at $69.24 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 2.01. Kontoor Brands has a twelve month low of $50.00 and a twelve month high of $87.00. The stock has a market capitalization of $3.83 billion, a P/E ratio of 17.10 and a beta of 1.15. The company has a 50 day moving average of $65.23 and a 200-day moving average of $71.45.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.08. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $975.78 million. Kontoor Brands had a net margin of 7.22% and a return on equity of 62.02%. The firm’s revenue for the quarter was up 45.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. As a group, equities research analysts forecast that Kontoor Brands will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 10th. Kontoor Brands’s payout ratio is 52.35%.

About Kontoor Brands

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.