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

Shares of Kontoor Brands, Inc. (NYSE:KTB) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $96.00.

Several equities analysts have commented on KTB shares. Barclays increased their price target on Kontoor Brands from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kontoor Brands in a report on Tuesday, November 25th. Robert W. Baird assumed coverage on shares of Kontoor Brands in a report on Friday, October 17th. They issued an “outperform” rating and a $105.00 target price on the stock. UBS Group boosted their target price on shares of Kontoor Brands from $114.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen cut shares of Kontoor Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in shares of Kontoor Brands by 2.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,606,199 shares of the company’s stock valued at $207,897,000 after acquiring an additional 53,107 shares in the last quarter. Geode Capital Management LLC lifted its stake in Kontoor Brands by 2.1% during the second quarter. Geode Capital Management LLC now owns 1,623,778 shares of the company’s stock worth $107,129,000 after purchasing an additional 32,630 shares during the period. Capital World Investors lifted its stake in Kontoor Brands by 8.5% during the third quarter. Capital World Investors now owns 1,276,410 shares of the company’s stock worth $101,819,000 after purchasing an additional 100,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Kontoor Brands by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,246,646 shares of the company’s stock valued at $99,440,000 after purchasing an additional 8,834 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Kontoor Brands by 54.2% in the 2nd quarter. Invesco Ltd. now owns 1,241,839 shares of the company’s stock valued at $81,924,000 after purchasing an additional 436,246 shares during the period. 93.06% of the stock is owned by institutional investors.

Kontoor Brands Price Performance

Shares of NYSE:KTB opened at $75.21 on Tuesday. Kontoor Brands has a fifty-two week low of $50.00 and a fifty-two week high of $96.80. The business has a 50-day moving average of $77.94 and a two-hundred day moving average of $72.61. The stock has a market capitalization of $4.18 billion, a P/E ratio of 19.38 and a beta of 1.18. 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 (NYSE:KTB) last issued its quarterly earnings data on Monday, November 3rd. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. Kontoor Brands had a return on equity of 63.21% and a net margin of 7.68%.The business had revenue of $853.22 million for the quarter, compared to analyst estimates of $879.10 million. During the same quarter in the prior year, the firm posted $1.37 EPS. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. 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, equities research analysts predict that Kontoor Brands will post 4.82 EPS for the current fiscal year.

Kontoor Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Monday, December 8th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, December 8th. This is a positive change from Kontoor Brands’s previous quarterly dividend of $0.52. Kontoor Brands’s dividend payout ratio is currently 53.61%.

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.