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

Kontoor Brands, Inc. (NYSE:KTB) has received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $90.25.

A number of brokerages have commented on KTB. Baird R W raised shares of Kontoor Brands to a “strong-buy” rating in a research report on Friday, October 17th. BTIG Research restated a “buy” rating and set a $95.00 target price on shares of Kontoor Brands in a research report on Tuesday, November 4th. Stifel Nicolaus raised their target price on Kontoor Brands from $73.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. Robert W. Baird started coverage on Kontoor Brands in a report on Friday, October 17th. They issued an “outperform” rating and a $105.00 target price for the company. Finally, Wall Street Zen cut Kontoor Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th.

Hedge Funds Weigh In On Kontoor Brands

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. grew its stake in shares of Kontoor Brands by 73.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 308 shares of the company’s stock valued at $25,000 after buying an additional 130 shares during the period. Atlantic Union Bankshares Corp bought a new position in Kontoor Brands in the second quarter worth approximately $26,000. Clearstead Advisors LLC increased its holdings in shares of Kontoor Brands by 2,538.5% during the third quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock valued at $27,000 after acquiring an additional 330 shares in the last quarter. Salomon & Ludwin LLC grew its position in Kontoor Brands by 2,614.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 380 shares of the company’s stock valued at $31,000 after purchasing an additional 366 shares during the period. Finally, First Horizon Corp acquired a new stake in Kontoor Brands in the 3rd quarter valued at $31,000. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Stock Up 0.9%

Kontoor Brands stock opened at $63.01 on Friday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.82 and a current ratio of 1.91. Kontoor Brands has a 52-week low of $50.00 and a 52-week high of $96.80. The firm has a 50 day moving average price of $72.94 and a two-hundred day moving average price of $72.28. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 16.24 and a beta of 1.18.

Kontoor Brands (NYSE:KTB) last posted 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 net margin of 7.68% and a return on equity of 63.21%. The company had revenue of $853.22 million for the quarter, compared to analyst estimates of $879.10 million. During the same period in the prior year, the firm posted $1.37 EPS. The company’s quarterly revenue was up 27.3% on a year-over-year basis. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS and its Q4 2025 guidance at 1.640-1.640 EPS. Equities analysts predict that Kontoor Brands will post 4.82 EPS for the current year.

Kontoor Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Monday, December 8th were issued a $0.53 dividend. The ex-dividend date was Monday, December 8th. This is a positive change from Kontoor Brands’s previous quarterly dividend of $0.52. This represents a $2.12 dividend on an annualized basis and a yield of 3.4%. Kontoor Brands’s dividend payout ratio is 54.64%.

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.