Analysts Set Kontoor Brands, Inc. (NYSE:KTB) PT at $90.25

Shares of Kontoor Brands, Inc. (NYSE:KTB) have earned an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $90.25.

Several brokerages have recently weighed in on KTB. Wall Street Zen lowered Kontoor Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Robert W. Baird started coverage on Kontoor Brands in a research report on Friday, October 17th. They issued an “outperform” rating and a $105.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. BNP Paribas set a $50.00 price target on shares of Kontoor Brands in a report on Tuesday, December 9th. Finally, Stifel Nicolaus increased their price objective on shares of Kontoor Brands from $73.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th.

Kontoor Brands Stock Performance

NYSE KTB opened at $62.18 on Friday. The company’s fifty day moving average is $72.50 and its two-hundred day moving average is $72.33. Kontoor Brands has a 52-week low of $50.00 and a 52-week high of $96.80. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.91 and a quick ratio of 0.82. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 16.03 and a beta of 1.18.

Kontoor Brands (NYSE:KTB) last released its earnings results on Monday, November 3rd. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $879.10 million. During the same quarter last year, the company earned $1.37 earnings per share. The firm’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. Equities research analysts forecast that Kontoor Brands will post 4.82 EPS for the current year.

Kontoor Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Monday, December 8th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.4%. This is a boost from Kontoor Brands’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Monday, December 8th. Kontoor Brands’s dividend payout ratio (DPR) is currently 54.64%.

Institutional Trading of Kontoor Brands

Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of Kontoor Brands by 69.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,553,092 shares of the company’s stock worth $168,428,000 after purchasing an additional 1,044,921 shares in the last quarter. Norges Bank acquired a new position in Kontoor Brands in the second quarter valued at about $45,762,000. Boston Partners bought a new stake in Kontoor Brands during the third quarter worth about $44,733,000. Invesco Ltd. increased its holdings in shares of Kontoor Brands by 54.2% during the second quarter. Invesco Ltd. now owns 1,241,839 shares of the company’s stock worth $81,924,000 after buying an additional 436,246 shares in the last quarter. Finally, Amundi bought a new position in shares of Kontoor Brands in the third quarter valued at approximately $24,653,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.