Kontoor Brands (NYSE:KTB) Earns Buy Rating from BTIG Research

Kontoor Brands (NYSE:KTB)‘s stock had its “buy” rating restated by stock analysts at BTIG Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $95.00 price objective on the stock. BTIG Research’s price target would indicate a potential upside of 28.95% from the stock’s current price.

KTB has been the subject of a number of other reports. Barclays restated an “overweight” rating and issued a $94.00 price target on shares of Kontoor Brands in a report on Tuesday. Robert W. Baird initiated coverage on shares of Kontoor Brands in a report on Friday, October 17th. They set an “outperform” rating and a $105.00 price objective for the company. Baird R W upgraded shares of Kontoor Brands to a “strong-buy” rating in a report on Friday, October 17th. Wells Fargo & Company lifted their price objective on shares of Kontoor Brands from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Finally, UBS Group lifted their price objective on shares of Kontoor Brands from $99.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Kontoor Brands presently has a consensus rating of “Moderate Buy” and an average price target of $95.43.

Kontoor Brands Price Performance

Shares of NYSE KTB opened at $73.67 on Tuesday. Kontoor Brands has a twelve month low of $50.00 and a twelve month high of $96.80. The firm has a fifty day simple moving average of $80.80 and a 200 day simple moving average of $71.48. The company has a market capitalization of $4.09 billion, a PE ratio of 16.44, a P/E/G ratio of 1.85 and a beta of 1.27. The company has a quick ratio of 0.95, a current ratio of 2.18 and a debt-to-equity ratio of 2.74.

Kontoor Brands (NYSE:KTB) last posted 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 business had revenue of $853.22 million during the quarter, compared to analysts’ expectations of $879.10 million. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. The business’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period last year, the company posted $1.37 earnings per share. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS. Q4 2025 guidance at 1.640-1.640 EPS. On average, sell-side analysts forecast that Kontoor Brands will post 4.82 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in Kontoor Brands by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 597,638 shares of the company’s stock worth $38,327,000 after purchasing an additional 10,748 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Kontoor Brands during the first quarter worth about $898,000. American Century Companies Inc. boosted its holdings in Kontoor Brands by 9.4% during the first quarter. American Century Companies Inc. now owns 44,620 shares of the company’s stock worth $2,862,000 after purchasing an additional 3,846 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Kontoor Brands in the first quarter worth about $306,000. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Kontoor Brands by 5.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,091,445 shares of the company’s stock valued at $69,994,000 after acquiring an additional 53,992 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

About Kontoor Brands

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.