Kontoor Brands, Inc. (NYSE:KTB) Receives $91.33 Consensus PT from Brokerages

Shares of Kontoor Brands, Inc. (NYSE:KTB) have received an average rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $94.00.

Several equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Kontoor Brands from $72.00 to $73.00 and gave the company a “hold” rating in a report on Friday, August 8th. Barclays reissued an “overweight” rating and issued a $91.00 price objective (up from $86.00) on shares of Kontoor Brands in a research note on Friday, August 8th. Wall Street Zen raised Kontoor Brands from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. BTIG Research initiated coverage on Kontoor Brands in a research note on Tuesday. They issued a “buy” rating and a $95.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on Kontoor Brands from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, September 11th.

Hedge Funds Weigh In On Kontoor Brands

Several institutional investors have recently made changes to their positions in KTB. Bank of New York Mellon Corp raised its stake in Kontoor Brands by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 597,638 shares of the company’s stock worth $38,327,000 after buying an additional 10,748 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of Kontoor Brands during the first quarter worth approximately $898,000. American Century Companies Inc. raised its position in shares of Kontoor Brands by 9.4% during the first quarter. American Century Companies Inc. now owns 44,620 shares of the company’s stock worth $2,862,000 after purchasing an additional 3,846 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Kontoor Brands during the first quarter worth approximately $306,000. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Kontoor Brands by 5.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,091,445 shares of the company’s stock worth $69,994,000 after purchasing an additional 53,992 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Stock Up 3.2%

Shares of KTB opened at $84.42 on Monday. The company has a market capitalization of $4.69 billion, a PE ratio of 18.84, a PEG ratio of 1.88 and a beta of 1.15. Kontoor Brands has a 12 month low of $50.00 and a 12 month high of $96.80. The stock’s 50-day moving average price is $77.58 and its two-hundred day moving average price is $68.91. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 2.74.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.35. The company had revenue of $658.26 million for the quarter, compared to analyst estimates of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, analysts anticipate that Kontoor Brands will post 4.82 EPS for the current year.

Kontoor Brands Announces Dividend

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

Kontoor Brands Company Profile

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.