Kontoor Brands (NYSE:KTB) Coverage Initiated by Analysts at Robert W. Baird

Robert W. Baird initiated coverage on shares of Kontoor Brands (NYSE:KTB) in a research note released on Friday morning, MarketBeat reports. The brokerage issued an outperform rating and a $105.00 target price on the stock.

Several other research analysts have also issued reports on the stock. Stifel Nicolaus upped their target price on shares of Kontoor Brands from $72.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kontoor Brands in a research report on Wednesday, October 8th. UBS Group upped their target price on shares of Kontoor Brands from $99.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Kontoor Brands from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, Wells Fargo & Company upped their target price on shares of Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.38.

Kontoor Brands Trading Down 1.7%

Kontoor Brands stock opened at $84.81 on Friday. The stock has a market cap of $4.71 billion, a P/E ratio of 18.93, a PEG ratio of 1.98 and a beta of 1.15. Kontoor Brands has a fifty-two week low of $50.00 and a fifty-two week high of $96.80. The firm’s fifty day moving average price is $78.38 and its 200-day moving average price is $69.21. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.95 and a current ratio of 2.18.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.35. The firm had revenue of $658.26 million for the quarter, compared to analysts’ expectations of $632.97 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 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. Equities research analysts forecast that Kontoor Brands will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, September 9th. Kontoor Brands’s dividend payout ratio is presently 46.43%.

Institutional Trading of Kontoor Brands

Institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. boosted its holdings in shares of Kontoor Brands by 73.0% during the third quarter. Harbor Capital Advisors Inc. now owns 308 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of Kontoor Brands during the second quarter worth about $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of Kontoor Brands during the second quarter worth about $35,000. Blue Trust Inc. boosted its holdings in shares of Kontoor Brands by 23.4% during the first quarter. Blue Trust Inc. now owns 1,446 shares of the company’s stock worth $93,000 after purchasing an additional 274 shares during the period. Finally, SVB Wealth LLC purchased a new stake in shares of Kontoor Brands during the first quarter worth about $94,000. 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.