Kontoor Brands, Inc. (NYSE:KTB) Receives $91.20 Consensus PT from Analysts

Kontoor Brands, Inc. (NYSE:KTB) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $91.20.

KTB has been the subject of a number of research reports. Zacks Research cut shares of Kontoor Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 10th. Stifel Nicolaus upped their target price on Kontoor Brands from $75.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. The Goldman Sachs Group upped their target price on Kontoor Brands from $84.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Weiss Ratings downgraded Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Finally, 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 report on Wednesday, March 4th.

Insider Buying and Selling at Kontoor Brands

In other news, EVP Jennifer H. Broyles sold 4,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $81.02, for a total value of $324,080.00. Following the completion of the sale, the executive vice president owned 40,261 shares of the company’s stock, valued at $3,261,946.22. This represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Kontoor Brands

Several institutional investors and hedge funds have recently modified their holdings of KTB. JPMorgan Chase & Co. boosted its holdings in Kontoor Brands by 15.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,019,204 shares of the company’s stock valued at $184,443,000 after purchasing an additional 413,005 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Kontoor Brands by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,419,700 shares of the company’s stock valued at $86,741,000 after purchasing an additional 13,725 shares in the last quarter. Morgan Stanley raised its position in shares of Kontoor Brands by 8.8% in the 4th quarter. Morgan Stanley now owns 1,283,592 shares of the company’s stock valued at $78,415,000 after purchasing an additional 104,296 shares in the last quarter. Capital World Investors raised its position in shares of Kontoor Brands by 8.5% in the 3rd quarter. Capital World Investors now owns 1,276,410 shares of the company’s stock valued at $101,819,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Kontoor Brands by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,268,336 shares of the company’s stock valued at $89,132,000 after purchasing an additional 6,477 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Kontoor Brands Price Performance

KTB stock opened at $77.96 on Friday. The stock has a 50-day moving average price of $72.69 and a two-hundred day moving average price of $68.29. Kontoor Brands has a 12-month low of $53.55 and a 12-month high of $87.00. The company has a current ratio of 1.87, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83. The company has a market cap of $4.31 billion, a PE ratio of 15.78 and a beta of 0.89.

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

Kontoor Brands Announces Dividend

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

Kontoor Brands Company Profile

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.