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

Kontoor Brands, Inc. (NYSE:KTB) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $91.20.

KTB has been the subject of several analyst reports. Wall Street Zen downgraded shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. The Goldman Sachs Group boosted their price target on shares of Kontoor Brands from $84.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Zacks Research downgraded shares of Kontoor Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 10th. UBS Group raised their price target 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, Stifel Nicolaus lifted their price target on Kontoor Brands from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd.

Kontoor Brands Stock Performance

Kontoor Brands stock opened at $78.06 on Friday. The company has a market cap of $4.31 billion, a PE ratio of 15.80 and a beta of 0.89. The company has a fifty day moving average price of $72.43 and a two-hundred day moving average price of $68.32. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.87 and a quick ratio of 1.10. Kontoor Brands has a 12 month low of $53.55 and a 12 month high of $87.00.

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

Kontoor Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 8th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 8th. Kontoor Brands’s payout ratio is 42.91%.

Insider Buying and Selling at Kontoor Brands

In other news, EVP Jennifer H. Broyles sold 4,000 shares of Kontoor Brands stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $81.02, for a total transaction of $324,080.00. Following the sale, the executive vice president owned 40,261 shares of the company’s stock, valued at approximately $3,261,946.22. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Kontoor Brands

A number of hedge funds have recently made changes to their positions in KTB. UBS Group AG lifted its holdings in Kontoor Brands by 3.8% in the fourth quarter. UBS Group AG now owns 551,758 shares of the company’s stock worth $33,707,000 after purchasing an additional 20,270 shares during the period. Skba Capital Management LLC lifted its holdings in Kontoor Brands by 14.5% in the third quarter. Skba Capital Management LLC now owns 283,891 shares of the company’s stock worth $22,646,000 after purchasing an additional 35,980 shares during the period. Victory Capital Management Inc. lifted its holdings in Kontoor Brands by 18.1% in the third quarter. Victory Capital Management Inc. now owns 227,351 shares of the company’s stock worth $18,136,000 after purchasing an additional 34,788 shares during the period. Fieldview Capital Management LLC lifted its holdings in Kontoor Brands by 50.8% in the third quarter. Fieldview Capital Management LLC now owns 57,491 shares of the company’s stock worth $4,586,000 after purchasing an additional 19,363 shares during the period. Finally, Capital World Investors lifted its holdings in Kontoor Brands by 8.5% in 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. Institutional investors own 93.06% of the company’s stock.

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.