Kontoor Brands, Inc. (NYSE:KTB) Stock Has Average Price Target of $95.00 According to Brokerages

Shares of Kontoor Brands, Inc. (NYSE:KTB) have been given an average rating of “Moderate Buy” by the twelve brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $95.00.

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Kontoor Brands from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Barclays lifted their target price on Kontoor Brands from $96.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. UBS Group upped their price target on shares of Kontoor Brands from $131.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings upgraded shares of Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th. Finally, Zacks Research upgraded shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th.

Kontoor Brands Stock Up 2.0%

KTB stock opened at $64.82 on Monday. The firm’s 50-day moving average is $74.76 and its two-hundred day moving average is $74.78. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 13.53 and a beta of 0.88. Kontoor Brands has a 52 week low of $56.19 and a 52 week high of $88.96.

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

Kontoor Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Tuesday, September 8th. Kontoor Brands’s dividend payout ratio (DPR) is presently 44.26%.

Insider Activity at Kontoor Brands

In other Kontoor Brands news, EVP Thomas Doerr, Jr. sold 7,660 shares of Kontoor Brands stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $83.43, for a total value of $639,073.80. Following the transaction, the executive vice president owned 25,063 shares in the company, valued at approximately $2,091,006.09. The trade was a 23.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Baxter sold 184,403 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 261,786 shares in the company, valued at $21,832,952.40. This represents a 41.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Kontoor Brands

A number of institutional investors and hedge funds have recently modified their holdings of KTB. Versant Capital Management Inc boosted its stake in Kontoor Brands by 68.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,090 shares of the company’s stock worth $69,000 after purchasing an additional 442 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in Kontoor Brands during the 2nd quarter valued at $453,000. Community Bank of Raymore purchased a new stake in shares of Kontoor Brands in the second quarter valued at $227,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Kontoor Brands in the second quarter valued at $169,000. Finally, RFG Advisory LLC acquired a new stake in shares of Kontoor Brands in the second quarter worth $1,544,000. 93.06% of the stock is owned by institutional investors and hedge funds.

Kontoor Brands Company Profile

Kontoor Brands, Inc is a global lifestyle apparel company focused primarily on denim and casualwear. Its portfolio includes Wrangler, a denim and western-inspired apparel brand, and Lee, a denim and casualwear brand with a long history in the United States and international markets. The company also offers products under other brands, including Rock & Republic, and sells jeans, tops, jackets, shirts, shorts and related apparel.

Kontoor Brands serves consumers through wholesale partners, department stores, specialty retailers, mass merchants, company-operated and brand-specific retail locations, and e-commerce channels.