Kontoor Brands, Inc. (NYSE:KTB) Receives $87.75 Consensus PT from Brokerages

Kontoor Brands, Inc. (NYSE:KTB) has been given an average rating of “Moderate Buy” by the nine brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $87.1250.

Several brokerages have recently weighed in on KTB. Weiss Ratings restated a “hold (c)” rating on shares of Kontoor Brands in a research note on Monday, December 29th. BTIG Research restated a “buy” rating and set a $95.00 price objective on shares of Kontoor Brands in a research note on Tuesday, November 4th. Wells Fargo & Company dropped their price objective on Kontoor Brands from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. UBS Group increased their target price on Kontoor Brands from $114.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Robert W. Baird assumed coverage on shares of Kontoor Brands in a research note on Friday, October 17th. They issued an “outperform” rating and a $105.00 price target for the company.

Kontoor Brands Trading Up 0.7%

KTB opened at $58.90 on Wednesday. The firm’s 50 day moving average is $65.19 and its 200-day moving average is $71.29. Kontoor Brands has a 52-week low of $50.00 and a 52-week high of $96.80. The company has a quick ratio of 0.82, a current ratio of 1.91 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $3.27 billion, a P/E ratio of 15.18 and a beta of 1.21.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. Kontoor Brands had a net margin of 7.68% and a return on equity of 63.21%. The business had revenue of $853.22 million during the quarter, compared to analyst estimates of $879.10 million. During the same period last year, the business earned $1.37 EPS. The business’s revenue was up 27.3% on a year-over-year basis. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS and its Q4 2025 guidance at 1.640-1.640 EPS. Analysts expect that Kontoor Brands will post 4.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Kontoor Brands

A number of hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its holdings in Kontoor Brands by 73.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 308 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the last quarter. Clearstead Advisors LLC raised its position in shares of Kontoor Brands by 2,538.5% during the 3rd quarter. Clearstead Advisors LLC now owns 343 shares of the company’s stock valued at $27,000 after acquiring an additional 330 shares in the last quarter. Salomon & Ludwin LLC raised its position in shares of Kontoor Brands by 2,614.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 380 shares of the company’s stock valued at $31,000 after acquiring an additional 366 shares in the last quarter. First Horizon Corp bought a new position in Kontoor Brands during the third quarter worth $31,000. Finally, Assetmark Inc. boosted its holdings in Kontoor Brands by 532.3% in the third quarter. Assetmark Inc. now owns 392 shares of the company’s stock worth $31,000 after purchasing an additional 330 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

About Kontoor Brands

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.