Brokerages Set Kontoor Brands, Inc. (NYSE:KTB) PT at $91.00

Shares of Kontoor Brands, Inc. (NYSE:KTB) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $91.00.

A number of analysts have weighed in on KTB shares. BTIG Research increased their price target on shares of Kontoor Brands from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. UBS Group increased their price target on shares of Kontoor Brands from $118.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Wells Fargo & Company increased their price target on shares of Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Kontoor Brands in a report on Monday, December 29th. Finally, The Goldman Sachs Group increased their price target on shares of Kontoor Brands from $84.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, March 4th.

Kontoor Brands Price Performance

Shares of Kontoor Brands stock opened at $71.65 on Monday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.82 and a quick ratio of 0.87. Kontoor Brands has a fifty-two week low of $50.00 and a fifty-two week high of $87.00. The firm has a fifty day moving average price of $68.13 and a two-hundred day moving average price of $70.27. The company has a market cap of $3.96 billion, a PE ratio of 17.69 and a beta of 1.05.

Kontoor Brands (NYSE:KTB) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.08. Kontoor Brands had a net margin of 7.22% and a return on equity of 62.02%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $975.78 million. During the same period in the prior year, the firm earned $1.38 EPS. The business’s revenue was up 45.6% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. Analysts expect that Kontoor Brands will post 4.82 EPS for the current year.

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 10th. Kontoor Brands’s dividend payout ratio (DPR) is presently 52.35%.

Hedge Funds Weigh In On Kontoor Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. lifted its holdings in shares of Kontoor Brands by 73.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 308 shares of the company’s stock worth $25,000 after acquiring an additional 130 shares during the period. CWM LLC lifted its holdings in shares of Kontoor Brands by 4.0% during the 3rd quarter. CWM LLC now owns 4,069 shares of the company’s stock worth $325,000 after acquiring an additional 157 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Kontoor Brands by 12.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,436 shares of the company’s stock worth $88,000 after acquiring an additional 157 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Kontoor Brands by 9.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,795 shares of the company’s stock worth $110,000 after acquiring an additional 162 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Kontoor Brands by 1.8% during the 4th quarter. Bank of Montreal Can now owns 9,297 shares of the company’s stock worth $568,000 after acquiring an additional 164 shares during the period. 93.06% of the stock is owned by institutional investors.

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.