Kontoor Brands, Inc. (NYSE:KTB) Receives $91.20 Consensus Price Target from Analysts

Shares of Kontoor Brands, Inc. (NYSE:KTB) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $91.20.

A number of equities analysts recently weighed in on KTB shares. Zacks Research raised shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th. Wall Street Zen cut Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. assumed coverage on Kontoor Brands in a research report on Monday, June 8th. They set an “overweight” rating and a $90.00 price target for the company. Weiss Ratings raised Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, BTIG Research reiterated a “buy” rating and issued a $100.00 price objective on shares of Kontoor Brands in a report on Friday, May 1st.

Kontoor Brands Stock Up 2.5%

Shares of KTB opened at $85.40 on Wednesday. The company’s 50-day moving average price is $76.90 and its 200 day moving average price is $70.86. Kontoor Brands has a 12-month low of $53.55 and a 12-month high of $88.96. The company has a current ratio of 1.87, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83. The firm has a market cap of $4.72 billion, a P/E ratio of 17.29 and a beta of 0.87.

Kontoor Brands (NYSE:KTB) last announced its 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 analysts’ expectations of $784.76 million. Kontoor Brands had a return on equity of 60.17% and a net margin of 8.30%.The company’s quarterly revenue was up 45.0% compared to the same quarter last year. During the same period last year, the business earned $1.20 EPS. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. On average, sell-side analysts forecast that Kontoor Brands will post 5.2 earnings per share for the current year.

Kontoor Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 8th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 8th. Kontoor Brands’s payout ratio is currently 42.91%.

Insiders Place Their Bets

In other Kontoor Brands news, EVP Jennifer H. Broyles sold 4,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $81.02, for a total transaction of $324,080.00. Following the sale, the executive vice president directly owned 40,261 shares in the company, valued at $3,261,946.22. This represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Transamerica Financial Advisors LLC increased its stake in Kontoor Brands by 335.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock worth $25,000 after buying an additional 312 shares during the period. Torren Management LLC acquired a new position in shares of Kontoor Brands in the fourth quarter worth $27,000. Private Trust Co. NA acquired a new position in shares of Kontoor Brands in the fourth quarter worth $31,000. Hantz Financial Services Inc. increased its position in shares of Kontoor Brands by 196.2% during the fourth quarter. Hantz Financial Services Inc. now owns 551 shares of the company’s stock worth $34,000 after acquiring an additional 365 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Kontoor Brands during the fourth quarter worth $35,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.