Kontoor Brands, Inc. (NYSE:KTB) Given Average Rating of “Moderate Buy” by Analysts

Kontoor Brands, Inc. (NYSE:KTB) has received an average rating of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $91.20.

KTB has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Barclays upped their target price on shares of Kontoor Brands from $93.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. BTIG Research reaffirmed a “buy” rating and set a $100.00 price target on shares of Kontoor Brands in a research report on Friday, May 1st. Weiss Ratings downgraded Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Finally, Zacks Research raised Kontoor Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, July 9th.

Insider Activity at Kontoor Brands

In other news, EVP Jennifer H. Broyles sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $81.02, for a total value of $324,080.00. Following the completion of the sale, the executive vice president directly owned 40,261 shares in the company, valued at approximately $3,261,946.22. The trade was a 9.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Kontoor Brands

Large investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its position in shares of Kontoor Brands by 3.8% during the fourth quarter. UBS Group AG now owns 551,758 shares of the company’s stock worth $33,707,000 after buying an additional 20,270 shares during the period. AMG National Trust Bank increased its position in Kontoor Brands by 19.9% in the 4th quarter. AMG National Trust Bank now owns 162,657 shares of the company’s stock valued at $9,937,000 after acquiring an additional 27,044 shares during the period. Jennison Associates LLC raised its stake in Kontoor Brands by 8.9% during the 4th quarter. Jennison Associates LLC now owns 1,214,831 shares of the company’s stock valued at $74,214,000 after acquiring an additional 99,593 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Kontoor Brands during the 1st quarter valued at $1,918,000. Finally, Norges Bank acquired a new position in Kontoor Brands during the 4th quarter worth $36,185,000. 93.06% of the stock is currently owned by institutional investors.

Kontoor Brands Stock Performance

Kontoor Brands stock opened at $85.88 on Wednesday. Kontoor Brands has a 52 week low of $53.55 and a 52 week high of $88.96. The company has a current ratio of 1.87, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83. The stock has a market cap of $4.75 billion, a P/E ratio of 17.38 and a beta of 0.87. The stock has a 50 day moving average of $76.25 and a 200-day moving average of $70.53.

Kontoor Brands (NYSE:KTB) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). The company had revenue of $613.32 million during the quarter, compared to the consensus estimate of $784.76 million. Kontoor Brands had a return on equity of 60.17% and a net margin of 8.30%.The firm’s quarterly revenue was up 45.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. On average, analysts expect that Kontoor Brands will post 5.2 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 8th were given a $0.53 dividend. The ex-dividend date was Monday, June 8th. This represents a $2.12 annualized dividend and a dividend yield of 2.5%. Kontoor Brands’s dividend payout ratio (DPR) is presently 42.91%.

Kontoor Brands Company Profile

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.