Kontoor Brands, Inc. (KTB) – What Are Analysts Saying About This Stock?

Shares of Kontoor Brands, Inc. (NYSE:KTB) have received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $96.56.

A number of analysts recently weighed in on KTB shares. UBS Group boosted their target price on Kontoor Brands from $131.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. lifted their price target on shares of Kontoor Brands from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Zacks Research upgraded shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, July 9th. Needham & Company LLC began coverage on shares of Kontoor Brands in a report on Friday, October 16th. They issued a “hold” rating for the company. Finally, Barclays upped their price objective on shares of Kontoor Brands from $96.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th.

Kontoor Brands Stock Down 0.8%

NYSE KTB opened at $75.07 on Friday. Kontoor Brands has a 52-week low of $56.19 and a 52-week high of $88.96. The company has a fifty day moving average of $71.01 and a 200-day moving average of $72.26.

Kontoor Brands (NYSE:KTB) last announced its earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.01. The company had revenue of $584.29 million during the quarter, compared to analysts’ expectations of $586.95 million. The firm’s revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 earnings per share. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. On average, analysts anticipate that Kontoor Brands will post 5.27 earnings per share for the current year.

Kontoor Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Tuesday, December 8th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, December 8th. This is a boost from Kontoor Brands’s previous quarterly dividend of $0.53.

Insider Buying and Selling at Kontoor Brands

In other news, CEO Scott H. Baxter sold 184,403 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $83.40, for a total value of $15,379,210.20. Following the completion of the sale, the chief executive officer owned 261,786 shares of the company’s stock, valued at approximately $21,832,952.40. The trade was a 41.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $83.43, for a total value of $639,073.80. Following the completion of the sale, the executive vice president directly owned 25,063 shares of the company’s stock, valued at approximately $2,091,006.09. This trade represents a 23.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Kontoor Brands

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Kontoor Brands by 33.9% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,320 shares of the company’s stock worth $83,000 after purchasing an additional 334 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Kontoor Brands by 13.5% in the third quarter. Park Avenue Securities LLC now owns 3,681 shares of the company’s stock worth $232,000 after buying an additional 437 shares during the period. Tectonic Advisors LLC raised its holdings in Kontoor Brands by 69.8% during the 3rd quarter. Tectonic Advisors LLC now owns 41,112 shares of the company’s stock valued at $2,591,000 after buying an additional 16,907 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Kontoor Brands by 840.0% during the 3rd quarter. Sterling Capital Management LLC now owns 1,833 shares of the company’s stock valued at $116,000 after buying an additional 1,638 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in Kontoor Brands during the 3rd quarter valued at $637,000. 93.06% of the stock is currently owned by institutional investors.

Kontoor Brands Company Profile

Kontoor Brands, Inc (NYSE: KTB) is a global lifestyle apparel company focused on denim and casualwear. Its portfolio includes the Wrangler and Lee brands, as well as Rock & Republic, offering jeans, shirts, jackets, tops, bottoms, accessories and related products for men, women and children.

The company sells its products through wholesale customers, including department stores, specialty retailers and mass merchants, as well as through company-operated stores and e-commerce channels. Kontoor serves consumers in North America and international markets, with products distributed across multiple regions worldwide.

Kontoor Brands became an independent publicly traded company in 2019 following its separation from VF Corporation.