Kontoor Brands, Inc. (KTB) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts are moderately bullish on Kontoor Brands, with a consensus “Moderate Buy” rating from 12 analysts and an average 12-month price target of $96.56.
• Several brokerages recently raised their targets or upgraded the stock, including Jefferies to “buy” at $89, JPMorgan to $105, and UBS to $136.
• Kontoor reported quarterly EPS of $1.06, narrowly beating estimates, but revenue fell 11.2% year over year; meanwhile, the CEO and an executive vice president sold substantial shares, while institutional investors own 93.06% of the stock.

Kontoor Brands, Inc. (NYSE:KTB - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twelve analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $96.56.

Several brokerages have recently weighed in on KTB. BTIG Research reaffirmed a "buy" rating and issued a $105.00 target price on shares of Kontoor Brands in a research report on Tuesday, September 15th. Jefferies Financial Group upgraded Kontoor Brands from a "hold" rating to a "buy" rating and raised their target price for the company from $82.00 to $89.00 in a report on Wednesday, October 14th. UBS Group raised their target price on Kontoor Brands from $131.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, August 13th. JPMorgan Chase & Co. boosted their price target on Kontoor Brands from $90.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. Finally, Barclays upped their price target on Kontoor Brands from $96.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th.

Insider Buying and Selling

In other news, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the business's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $83.43, for a total transaction of $639,073.80. Following the transaction, the executive vice president directly owned 25,063 shares of the company's stock, valued at approximately $2,091,006.09. The trade was a 23.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Scott H. Baxter sold 184,403 shares of the company's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $83.40, for a total transaction of $15,379,210.20. Following the completion of the transaction, the chief executive officer owned 261,786 shares of the company's stock, valued at $21,832,952.40. This trade represents a 41.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Kontoor Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Kontoor Brands in the 2nd quarter worth $26,000. CENTRAL TRUST Co purchased a new position in Kontoor Brands in the 1st quarter valued at about $35,000. Bell Investment Advisors Inc purchased a new position in Kontoor Brands in the 2nd quarter valued at about $42,000. Harbor Investment Advisory LLC acquired a new stake in shares of Kontoor Brands during the second quarter valued at about $61,000. Finally, Versant Capital Management Inc grew its stake 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 valued at $69,000 after acquiring an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

Kontoor Brands Stock Up 3.7%

Shares of Kontoor Brands stock opened at $77.86 on Friday. The company has a fifty day moving average price of $71.28 and a 200 day moving average price of $74.93. 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 has a twelve month low of $56.19 and a twelve month high of $88.96. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 16.26 and a beta of 0.87.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01. Kontoor Brands had a return on equity of 59.71% and a net margin of 8.21%. The firm had revenue of $584.29 million during the quarter, compared to the consensus estimate of $586.95 million. During the same period in the prior year, the firm earned $1.33 EPS. The firm's quarterly revenue was down 11.2% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. Equities research analysts forecast that Kontoor Brands will post 5.27 earnings per share for the current fiscal year.

Kontoor Brands Company Profile

Kontoor Brands, Inc NYSE: KTB is a global lifestyle apparel company focused on denim and casualwear. Its portfolio includes the Wrangler and Lee brands, as well as Rock & Republic, offering jeans, shirts, jackets, tops, bottoms, accessories and related products for men, women and children.

The company sells its products through wholesale customers, including department stores, specialty retailers and mass merchants, as well as through company-operated stores and e-commerce channels. Kontoor serves consumers in North America and international markets, with products distributed across multiple regions worldwide.

Kontoor Brands became an independent publicly traded company in 2019 following its separation from VF Corporation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.