Stifel Nicolaus Has Lowered Expectations for Kontoor Brands (NYSE:KTB) Stock Price

Kontoor Brands (NYSE:KTB) had its target price reduced by Stifel Nicolaus from $83.00 to $72.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a hold rating on the stock.

KTB has been the subject of a number of other reports. UBS Group cut their target price on Kontoor Brands from $108.00 to $96.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Wells Fargo & Company decreased their target price on Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, Barclays lowered their target price on Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Kontoor Brands currently has a consensus rating of “Moderate Buy” and an average target price of $88.00.

Kontoor Brands Trading Up 0.3 %

NYSE:KTB opened at $57.34 on Thursday. Kontoor Brands has a 1 year low of $50.00 and a 1 year high of $96.80. The business has a fifty day moving average of $68.56 and a 200-day moving average of $80.15. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 2.12 and a beta of 0.93.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.07. The company had revenue of $699.00 million for the quarter, compared to the consensus estimate of $698.07 million. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. Kontoor Brands’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. Equities analysts predict that Kontoor Brands will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Monday, March 10th. Kontoor Brands’s dividend payout ratio is 47.60%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mendel Money Management lifted its holdings in shares of Kontoor Brands by 2.8% in the fourth quarter. Mendel Money Management now owns 4,934 shares of the company’s stock valued at $421,000 after purchasing an additional 135 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Kontoor Brands by 3.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,775 shares of the company’s stock valued at $408,000 after buying an additional 141 shares during the period. Quadrant Capital Group LLC lifted its stake in Kontoor Brands by 14.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,177 shares of the company’s stock worth $101,000 after acquiring an additional 145 shares in the last quarter. Huntington National Bank boosted its position in Kontoor Brands by 62.4% during the 4th quarter. Huntington National Bank now owns 385 shares of the company’s stock worth $33,000 after acquiring an additional 148 shares during the period. Finally, GAMMA Investing LLC grew its stake in Kontoor Brands by 26.0% during the 4th quarter. GAMMA Investing LLC now owns 882 shares of the company’s stock valued at $75,000 after acquiring an additional 182 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.