Kontoor Brands, Inc. (NYSE:KTB) Receives $91.33 Consensus PT from Analysts

Kontoor Brands, Inc. (NYSE:KTB) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $95.3750.

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Kontoor Brands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kontoor Brands in a research report on Wednesday, October 8th. Stifel Nicolaus upped their target price on shares of Kontoor Brands from $72.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Barclays restated an “overweight” rating and issued a $91.00 price target (up previously from $86.00) on shares of Kontoor Brands in a research note on Friday, August 8th. Finally, Robert W. Baird started coverage on Kontoor Brands in a research report on Friday. They set an “outperform” rating and a $105.00 price objective for the company.

Hedge Funds Weigh In On Kontoor Brands

A number of institutional investors and hedge funds have recently bought and sold shares of KTB. Harbor Capital Advisors Inc. lifted its stake in shares of Kontoor Brands by 73.0% in 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. Atlantic Union Bankshares Corp bought a new stake in Kontoor Brands during the second quarter worth approximately $26,000. CX Institutional acquired a new stake in Kontoor Brands in the first quarter worth approximately $32,000. Ameritas Advisory Services LLC bought a new position in Kontoor Brands during the 2nd quarter valued at $35,000. Finally, Blue Trust Inc. increased its position in shares of Kontoor Brands by 23.4% during the 1st quarter. Blue Trust Inc. now owns 1,446 shares of the company’s stock valued at $93,000 after purchasing an additional 274 shares during the period. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Stock Down 1.7%

NYSE:KTB opened at $84.81 on Monday. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 2.74. The stock has a 50 day moving average of $78.38 and a 200-day moving average of $69.30. The firm has a market capitalization of $4.71 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. Kontoor Brands has a 52 week low of $50.00 and a 52 week high of $96.80.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.35. The business had revenue of $658.26 million during the quarter, compared to analyst estimates of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. Analysts predict that Kontoor Brands will post 4.82 EPS for the current year.

Kontoor Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, September 9th. Kontoor Brands’s dividend payout ratio (DPR) is 46.43%.

About Kontoor Brands

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.