Analysts Set Kontoor Brands, Inc. (NYSE:KTB) PT at $91.33

Key Points

• Kontoor Brands, Inc. (NYSE:KTB) receives a consensus rating of “Moderate Buy” from six analysts, with one hold rating and five buy ratings.
• The company's stock recently closed at $80.75, with a 1-year price range between $50.00 and $96.80.
• Kontoor Brands has announced a quarterly dividend of $0.52 per share, reflecting an annualized yield of 2.6%.

Kontoor Brands, Inc. (NYSE:KTB - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $91.3333.

Several brokerages have recently issued reports on KTB. Barclays reaffirmed an "overweight" rating and set a $91.00 price objective (up from $86.00) on shares of Kontoor Brands in a report on Friday, August 8th. The Goldman Sachs Group set a $85.00 price target on shares of Kontoor Brands and gave the company a "buy" rating in a research note on Tuesday, June 10th. Wells Fargo & Company increased their price objective on shares of Kontoor Brands from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, September 11th. UBS Group lifted their price objective on shares of Kontoor Brands from $92.00 to $99.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Stifel Nicolaus upped their target price on shares of Kontoor Brands from $72.00 to $73.00 and gave the company a "hold" rating in a research report on Friday, August 8th.

Institutional Investors Weigh In On Kontoor Brands

A number of hedge funds have recently made changes to their positions in KTB. Atlantic Union Bankshares Corp purchased a new stake in shares of Kontoor Brands during the 2nd quarter worth $26,000. CX Institutional purchased a new position in Kontoor Brands during the 1st quarter worth $32,000. Ameritas Advisory Services LLC acquired a new position in Kontoor Brands during the 2nd quarter valued at about $35,000. Versant Capital Management Inc increased its position in Kontoor Brands by 46.7% during the 1st quarter. Versant Capital Management Inc now owns 650 shares of the company's stock valued at $42,000 after buying an additional 207 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Kontoor Brands by 23.4% during the 1st quarter. Blue Trust Inc. now owns 1,446 shares of the company's stock valued at $93,000 after buying an additional 274 shares in the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Kontoor Brands Price Performance

NYSE:KTB traded up $1.29 on Thursday, reaching $82.11. 460,474 shares of the company's stock traded hands, compared to its average volume of 571,229. The company has a quick ratio of 0.95, a current ratio of 2.18 and a debt-to-equity ratio of 2.74. The stock has a 50-day simple moving average of $70.50 and a 200-day simple moving average of $66.57. The firm has a market cap of $4.56 billion, a PE ratio of 15.66, a P/E/G ratio of 1.85 and a beta of 1.10. Kontoor Brands has a 12 month low of $50.00 and a 12 month high of $96.80.

Kontoor Brands (NYSE:KTB - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.35. The business had revenue of $658.26 million for the quarter, compared to analysts' expectations of $632.97 million. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The business's quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. Equities research analysts forecast that Kontoor Brands will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Tuesday, September 9th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 9th. Kontoor Brands's dividend payout ratio is currently 46.43%.

Kontoor Brands Company Profile

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.