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

Kontoor Brands, Inc. (NYSE:KTB) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $95.00.

A number of equities research analysts recently issued reports on the company. Barclays lifted their target price on Kontoor Brands from $96.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. UBS Group upped their price target 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. increased their target price on shares of Kontoor Brands from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Zacks Research raised shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, Wells Fargo & Company lifted their price target on shares of Kontoor Brands from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th.

Insider Buying and Selling at Kontoor Brands

In other Kontoor Brands news, EVP Jennifer H. Broyles sold 4,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $81.02, for a total transaction of $324,080.00. Following the sale, the executive vice president directly owned 40,261 shares of the company’s stock, valued at approximately $3,261,946.22. This 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 hyperlink. Also, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $83.43, for a total transaction of $639,073.80. Following the completion of the sale, the executive vice president owned 25,063 shares of the company’s stock, valued at approximately $2,091,006.09. This represents a 23.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 196,063 shares of company stock worth $16,342,364 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kontoor Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Kontoor Brands in the 2nd quarter valued at about $674,664,000. California State Teachers Retirement System boosted its stake in Kontoor Brands by 7,983.2% in the 2nd quarter. California State Teachers Retirement System now owns 4,938,728 shares of the company’s stock valued at $411,594,000 after purchasing an additional 4,877,629 shares during the period. Norges Bank bought a new stake in Kontoor Brands in the 4th quarter valued at $36,185,000. Boston Partners acquired a new position in Kontoor Brands in the 3rd quarter valued at $44,733,000. Finally, Bank of New York Mellon Corp acquired a new position in Kontoor Brands in the 2nd quarter valued at $45,003,000. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Stock Down 5.0%

Shares of KTB stock opened at $67.18 on Thursday. Kontoor Brands has a 12-month low of $56.19 and a 12-month high of $88.96. The company has a quick ratio of 0.99, a current ratio of 1.83 and a debt-to-equity ratio of 1.82. The firm has a fifty day moving average of $81.37 and a 200-day moving average of $75.31. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 14.03 and a beta of 0.87.

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

Kontoor Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, September 8th. Kontoor Brands’s dividend payout ratio (DPR) is currently 44.26%.

About Kontoor Brands

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.