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

Kontoor Brands, Inc. (NYSE:KTB) has received an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $95.00.

A number of brokerages recently issued reports on KTB. Wells Fargo & Company boosted their price objective on shares of Kontoor Brands from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. UBS Group increased their target price on shares of Kontoor Brands from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Weiss Ratings cut shares of Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Zacks Research raised shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Barclays upped their price objective on shares of Kontoor Brands from $96.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th.

Kontoor Brands Price Performance

Shares of KTB opened at $64.82 on Monday. The stock has a market cap of $3.54 billion, a P/E ratio of 13.53 and a beta of 0.87. Kontoor Brands has a 1 year low of $56.19 and a 1 year high of $88.96. The stock’s 50-day moving average price is $74.76 and its two-hundred day moving average price is $74.83. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 1.82.

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

Kontoor Brands Dividend Announcement

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

Insider Activity

In related news, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $83.43, for a total value of $639,073.80. Following the completion of the transaction, the executive vice president directly owned 25,063 shares in the company, valued at approximately $2,091,006.09. The trade was a 23.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott H. Baxter sold 184,403 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $83.40, for a total value of $15,379,210.20. Following the sale, the chief executive officer directly owned 261,786 shares of the company’s stock, valued at approximately $21,832,952.40. The trade was a 41.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KTB. Versant Capital Management Inc increased its position in shares of Kontoor Brands by 68.2% during the third quarter. Versant Capital Management Inc now owns 1,090 shares of the company’s stock worth $69,000 after acquiring an additional 442 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Kontoor Brands in the 2nd quarter valued at $453,000. Community Bank of Raymore bought a new stake in Kontoor Brands in the 2nd quarter valued at $227,000. Integrated Wealth Concepts LLC bought a new stake in Kontoor Brands in the 2nd quarter valued at $169,000. Finally, RFG Advisory LLC acquired a new position in Kontoor Brands in the 2nd quarter worth $1,544,000. Institutional investors own 93.06% of the company’s stock.

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.