Brokerages Set Kontoor Brands, Inc. (NYSE:KTB) Target Price at $95.00

Shares of Kontoor Brands, Inc. (NYSE:KTB) have been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $95.00.

Several brokerages recently weighed in on KTB. JPMorgan Chase & Co. lifted their price target on Kontoor Brands from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Wells Fargo & Company raised their price objective on shares of Kontoor Brands from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. UBS Group lifted their target price on shares of Kontoor Brands from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 13th. BTIG Research boosted their target price on shares of Kontoor Brands from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Weiss Ratings downgraded shares of Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 2nd.

Kontoor Brands Price Performance

Shares of NYSE KTB opened at $73.49 on Thursday. Kontoor Brands has a fifty-two week low of $56.19 and a fifty-two week high of $88.96. The company has a market cap of $4.02 billion, a PE ratio of 15.34 and a beta of 0.87. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.99 and a current ratio of 1.83. The business has a 50-day simple moving average of $81.97 and a two-hundred day simple moving average of $75.29.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The business had revenue of $584.29 million during the quarter, compared to analysts’ expectations of $586.95 million. During the same quarter last year, the company posted $1.33 earnings per share. The business’s quarterly revenue was down 11.2% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. As a group, equities analysts expect that Kontoor Brands will post 5.27 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, September 8th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.9%. Kontoor Brands’s dividend payout ratio (DPR) is 44.26%.

Insider Transactions at Kontoor Brands

In other news, EVP Jennifer H. Broyles sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $81.02, for a total value of $324,080.00. Following the transaction, the executive vice president owned 40,261 shares in the company, valued at $3,261,946.22. This trade represents a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $83.43, for a total transaction of $639,073.80. Following the completion of the transaction, the executive vice president directly owned 25,063 shares in the company, valued at approximately $2,091,006.09. This represents a 23.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 196,063 shares of company stock valued at $16,342,364 in the last three months. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kontoor Brands

Several hedge funds and other institutional investors have recently bought and sold shares of KTB. Corient Private Wealth LP raised its holdings in Kontoor Brands by 446.0% in the 2nd quarter. Corient Private Wealth LP now owns 43,977 shares of the company’s stock valued at $3,665,000 after buying an additional 35,923 shares during the period. California State Teachers Retirement System increased its position in shares of Kontoor Brands by 7,983.2% during the second quarter. California State Teachers Retirement System now owns 4,938,728 shares of the company’s stock valued at $411,594,000 after acquiring an additional 4,877,629 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Kontoor Brands by 4.5% during the second quarter. Concurrent Investment Advisors LLC now owns 10,292 shares of the company’s stock valued at $858,000 after acquiring an additional 443 shares during the last quarter. Nykredit A S purchased a new stake in shares of Kontoor Brands in the 2nd quarter valued at approximately $222,000. Finally, Ancora Advisors LLC raised its stake in shares of Kontoor Brands by 75.4% in the 2nd quarter. Ancora Advisors LLC now owns 96,890 shares of the company’s stock valued at $8,075,000 after acquiring an additional 41,649 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.