Kontoor Brands, Inc. (NYSE:KTB) Given Average Recommendation of "Moderate Buy" by Analysts

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%.

Shares of Kontoor Brands, Inc. (NYSE:KTB - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $91.3333.

A number of analysts have recently issued reports on KTB shares. Wall Street Zen upgraded shares of Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Barclays restated an "overweight" rating and issued a $91.00 price target (up previously from $86.00) on shares of Kontoor Brands in a research report on Friday, August 8th. Stifel Nicolaus boosted their price target on shares of Kontoor Brands from $72.00 to $73.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. UBS Group boosted their target price on shares of Kontoor Brands from $92.00 to $99.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company increased their price target 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.

Institutional Investors Weigh In On Kontoor Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Kontoor Brands in the second quarter worth about $26,000. CX Institutional bought a new stake in shares of Kontoor Brands during the 1st quarter valued at $32,000. Ameritas Advisory Services LLC bought a new position in Kontoor Brands in the 2nd quarter worth about $35,000. Versant Capital Management Inc lifted its stake 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 acquiring an additional 207 shares during the period. Finally, Blue Trust Inc. increased its position in shares of 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 purchasing an additional 274 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Kontoor Brands Stock Performance

KTB stock traded down $1.39 during trading hours on Thursday, reaching $80.62. The stock had a trading volume of 2,223,014 shares, compared to its average volume of 640,892. The stock has a market capitalization of $4.48 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. The company has a debt-to-equity ratio of 2.74, a current ratio of 2.18 and a quick ratio of 0.95. The stock has a 50-day simple moving average of $70.76 and a 200 day simple moving average of $66.77. Kontoor Brands has a fifty-two week low of $50.00 and a fifty-two week high of $96.80.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced 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 firm had revenue of $658.26 million during the quarter, compared to analysts' expectations of $632.97 million. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. The company's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $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. Analysts predict that Kontoor Brands will post 4.82 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, September 9th. Kontoor Brands's dividend payout ratio (DPR) 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.