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

Kontoor Brands, Inc. (NYSE:KTB) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $88.00.

A number of equities analysts have issued reports on the company. UBS Group decreased their price target on Kontoor Brands from $108.00 to $96.00 and set a “buy” rating for the company in a research note 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. Barclays dropped their price target on shares of Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus reduced their price objective on shares of Kontoor Brands from $83.00 to $72.00 and set a “hold” rating for the company in a research report on Thursday, April 10th.

Institutional Investors Weigh In On Kontoor Brands

A number of large investors have recently made changes to their positions in KTB. HHM Wealth Advisors LLC purchased a new position in Kontoor Brands during the 4th quarter worth approximately $29,000. CX Institutional acquired a new stake in shares of Kontoor Brands in the first quarter worth $32,000. Huntington National Bank grew its holdings in shares of Kontoor Brands by 62.4% during the fourth quarter. Huntington National Bank now owns 385 shares of the company’s stock valued at $33,000 after buying an additional 148 shares in the last quarter. Fortitude Family Office LLC raised its position in Kontoor Brands by 407.3% during the fourth quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock valued at $36,000 after buying an additional 334 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Kontoor Brands by 46.7% in the 1st quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Kontoor Brands Price Performance

Shares of KTB opened at $55.46 on Wednesday. Kontoor Brands has a one year low of $50.00 and a one year high of $96.80. The stock’s fifty day moving average is $67.27 and its 200-day moving average is $79.79. 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 firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93.

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

Kontoor Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Monday, March 10th. Kontoor Brands’s payout ratio is 47.60%.

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.