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

Shares of Kontoor Brands, Inc. (NYSE:KTB) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $91.20.

Several research firms have weighed in on KTB. Zacks Research lowered Kontoor Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 10th. The Goldman Sachs Group lifted their target price on Kontoor Brands from $84.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Wells Fargo & Company lifted their target price on Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Weiss Ratings downgraded Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. began coverage on Kontoor Brands in a research note on Monday, June 8th. They set an “overweight” rating and a $90.00 target price for the company.

Kontoor Brands Stock Up 4.0%

NYSE:KTB opened at $83.13 on Friday. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 16.83 and a beta of 0.89. Kontoor Brands has a twelve month low of $53.55 and a twelve month high of $87.00. The stock’s 50 day moving average price is $73.05 and its two-hundred day moving average price is $68.41. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 1.83.

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

Kontoor Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 8th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, June 8th. Kontoor Brands’s payout ratio is currently 42.91%.

Insider Activity at Kontoor Brands

In other news, EVP Jennifer H. Broyles sold 4,000 shares of Kontoor Brands stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $81.02, for a total transaction of $324,080.00. Following the completion of the transaction, 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 SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Kontoor Brands

Several institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new stake in Kontoor Brands in the 1st quarter valued at $17,718,000. NewEdge Advisors LLC boosted its stake in Kontoor Brands by 387.9% in the 1st quarter. NewEdge Advisors LLC now owns 7,363 shares of the company’s stock valued at $518,000 after purchasing an additional 5,854 shares during the period. Bank of America Corp DE boosted its stake in Kontoor Brands by 30.4% in the 1st quarter. Bank of America Corp DE now owns 490,682 shares of the company’s stock valued at $34,490,000 after purchasing an additional 114,518 shares during the period. Janus Henderson Group PLC boosted its stake in Kontoor Brands by 34.1% in the 1st quarter. Janus Henderson Group PLC now owns 564,955 shares of the company’s stock valued at $39,730,000 after purchasing an additional 143,749 shares during the period. Finally, Smith Group Asset Management LLC boosted its stake in Kontoor Brands by 74.0% in the 1st quarter. Smith Group Asset Management LLC now owns 7,505 shares of the company’s stock valued at $528,000 after purchasing an additional 3,191 shares during the period. 93.06% of the stock is currently owned by institutional investors.

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.