Kontoor Brands (NYSE:KTB) Stock Falls 0.2% – What’s Next?

Kontoor Brands, Inc. (NYSE:KTB)’s stock price dropped 0.2% on Monday. The company traded as low as $72.50 and last traded at $73.1380. 726,091 shares traded hands during trading, an increase of 12% from the average daily volume of 647,895 shares. The stock had previously closed at $73.28.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KTB. Weiss Ratings cut shares of Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. BTIG Research reissued a “buy” rating and set a $105.00 price target on shares of Kontoor Brands in a research report on Tuesday, September 15th. JPMorgan Chase & Co. raised their price target 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. UBS Group boosted their price objective on shares of Kontoor Brands from $131.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Needham & Company LLC started coverage on shares of Kontoor Brands in a research note on Friday, October 16th. They set a “hold” rating for the company. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.56.

Kontoor Brands Stock Down 0.4%

The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 0.99. The stock has a market capitalization of $4.08 billion, a PE ratio of 15.56 and a beta of 0.87. The company has a 50 day moving average price of $71.53 and a 200-day moving average price of $74.82.

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

Kontoor Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.8%. Kontoor Brands’s payout ratio is presently 44.26%.

Insider Activity

In other Kontoor Brands news, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the firm’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 in the company, valued at $2,091,006.09. This trade represents a 23.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Scott H. Baxter sold 184,403 shares of Kontoor Brands stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $83.40, for a total value of $15,379,210.20. Following the sale, the chief executive officer directly owned 261,786 shares in the company, valued at approximately $21,832,952.40. The trade was a 41.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Kontoor Brands during the 2nd quarter valued at about $26,000. CENTRAL TRUST Co purchased a new position in Kontoor Brands in the first quarter worth about $35,000. Bell Investment Advisors Inc purchased a new position in Kontoor Brands in the second quarter worth about $42,000. Harbor Investment Advisory LLC bought a new position in shares of Kontoor Brands in the second quarter worth approximately $61,000. Finally, Versant Capital Management Inc lifted its stake in shares of Kontoor Brands by 68.2% in the third quarter. Versant Capital Management Inc now owns 1,090 shares of the company’s stock worth $69,000 after buying an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

About Kontoor Brands

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.