Analysts Set Kontoor Brands, Inc. (NYSE:KTB) Target Price at $92.70

Kontoor Brands, Inc. (NYSE:KTB) has received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. One investment 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 1 year price target among brokerages that have issued a report on the stock in the last year is $95.00.

A number of analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Kontoor Brands from $96.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group lifted their target price on shares of Kontoor Brands from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research raised shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th. Weiss Ratings lowered shares of Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Kontoor Brands from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th.

Kontoor Brands Stock Up 1.0%

Shares of KTB stock opened at $84.87 on Friday. The stock’s 50 day simple moving average is $82.08 and its 200 day simple moving average is $73.66. Kontoor Brands has a twelve month low of $56.19 and a twelve month high of $88.96. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.10 and a current ratio of 1.83. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 17.72 and a beta of 0.88.

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 analysts’ consensus estimates of $1.05 by $0.01. Kontoor Brands had a return on equity of 59.71% and a net margin of 8.21%.The firm had revenue of $584.29 million during the quarter, compared to analysts’ expectations of $586.95 million. During the same quarter in the prior year, the business earned $1.33 earnings per share. The company’s 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, research analysts predict that Kontoor Brands will post 5.27 EPS for the current year.

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 8th. Kontoor Brands’s payout ratio is currently 44.26%.

Insider Activity at Kontoor Brands

In other Kontoor Brands news, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $83.43, for a total value of $639,073.80. Following the sale, the executive vice president owned 25,063 shares of the company’s stock, valued at $2,091,006.09. This trade represents a 23.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jennifer H. Broyles sold 4,000 shares of Kontoor Brands 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 completion of the transaction, the executive vice president directly owned 40,261 shares in the company, valued at approximately $3,261,946.22. This represents a 9.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kontoor Brands

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Transamerica Financial Advisors LLC raised its stake in Kontoor Brands by 335.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock valued at $25,000 after purchasing an additional 312 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Kontoor Brands in the 2nd quarter worth $26,000. Torren Management LLC acquired a new stake in Kontoor Brands in the 4th quarter worth $27,000. Private Trust Co. NA bought a new position in shares of Kontoor Brands during the 4th quarter worth about $31,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Kontoor Brands by 196.2% during the 4th quarter. Hantz Financial Services Inc. now owns 551 shares of the company’s stock worth $34,000 after purchasing an additional 365 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.