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

Shares of Kontoor Brands, Inc. (NYSE:KTB) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $91.3333.

KTB has been the topic of a number of recent research reports. UBS Group upped their target price on Kontoor Brands from $118.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Wells Fargo & Company upped their target price on Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. BTIG Research reiterated a “buy” rating and set a $100.00 price target on shares of Kontoor Brands in a research report on Friday, May 1st. Jefferies Financial Group initiated coverage on Kontoor Brands in a report on Wednesday, February 4th. They issued a “hold” rating and a $65.00 price objective on the stock. Finally, Weiss Ratings raised Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 15th.

Institutional Trading of Kontoor Brands

Institutional investors have recently bought and sold shares of the business. Transamerica Financial Advisors LLC grew its holdings in 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 purchasing an additional 312 shares during the period. Clearstead Advisors LLC grew its holdings in Kontoor Brands by 2,538.5% in the third quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock valued at $27,000 after purchasing an additional 330 shares during the period. Torren Management LLC acquired a new stake in Kontoor Brands in the fourth quarter valued at approximately $27,000. Assetmark Inc. grew its holdings in Kontoor Brands by 532.3% in the third quarter. Assetmark Inc. now owns 392 shares of the company’s stock valued at $31,000 after purchasing an additional 330 shares during the period. Finally, Private Trust Co. NA acquired a new stake in Kontoor Brands in the fourth quarter valued at approximately $31,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Kontoor Brands Stock Down 0.1%

Shares of KTB stock opened at $69.82 on Tuesday. The stock’s 50-day simple moving average is $70.34 and its 200-day simple moving average is $68.00. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.10 and a current ratio of 1.87. The firm has a market capitalization of $3.86 billion, a PE ratio of 14.13 and a beta of 0.91. Kontoor Brands has a fifty-two week low of $53.55 and a fifty-two week high of $87.00.

Kontoor Brands (NYSE:KTB) last issued its earnings results on Thursday, May 7th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). Kontoor Brands had a return on equity of 60.17% and a net margin of 8.30%.The company had revenue of $613.32 million during the quarter, compared to analysts’ expectations of $784.76 million. During the same quarter in the previous year, the company earned $1.20 EPS. The firm’s quarterly revenue was up 45.0% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. Equities analysts expect that Kontoor Brands will post 5.2 earnings per share for the current year.

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 8th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 8th. Kontoor Brands’s dividend payout ratio (DPR) is presently 42.91%.

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.