Kontoor Brands, Inc. (NYSE:KTB) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Kontoor Brands, Inc. (NYSE:KTB) has received an average rating of "Moderate Buy" from analysts, with five buy ratings and two hold ratings from a total of seven research firms.
• The company's stock price target has been set at an average of $91.33, with recent price objectives revised upwards by several brokerages, including UBS Group raising it to $99.00.
• Kontoor Brands reported strong quarterly earnings, with $1.21 EPS surpassing estimates, and announced a quarterly dividend of $0.52 per share, reflecting a yield of 2.8%.

Shares of Kontoor Brands, Inc. (NYSE:KTB - Get Free Report) have been given an average rating of "Moderate Buy" by the seven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $91.3333.

A number of brokerages recently weighed in on KTB. Weiss Ratings restated a "hold (c+)" rating on shares of Kontoor Brands in a research report on Wednesday, October 8th. UBS Group boosted their price objective on Kontoor Brands from $92.00 to $99.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Barclays restated an "overweight" rating and set a $91.00 price objective (up previously from $86.00) on shares of Kontoor Brands in a research report on Friday, August 8th. Wall Street Zen upgraded Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Finally, Stifel Nicolaus boosted their price objective on Kontoor Brands from $72.00 to $73.00 and gave the stock a "hold" rating in a research report on Friday, August 8th.

Kontoor Brands Trading Down 3.9%

Shares of KTB opened at $74.20 on Monday. Kontoor Brands has a 52-week low of $50.00 and a 52-week high of $96.80. The business's fifty day moving average is $76.10 and its 200-day moving average is $68.61. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.95 and a current ratio of 2.18. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.70 and a beta of 1.15.

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

Kontoor Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 9th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $2.08 annualized dividend and a yield of 2.8%. Kontoor Brands's payout ratio is presently 46.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its holdings in Kontoor Brands by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 597,638 shares of the company's stock worth $38,327,000 after buying an additional 10,748 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Kontoor Brands during the 1st quarter worth about $898,000. American Century Companies Inc. lifted its holdings in Kontoor Brands by 9.4% during the 1st quarter. American Century Companies Inc. now owns 44,620 shares of the company's stock worth $2,862,000 after buying an additional 3,846 shares during the period. EP Wealth Advisors LLC acquired a new position in Kontoor Brands during the 1st quarter worth about $306,000. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Kontoor Brands by 5.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,091,445 shares of the company's stock worth $69,994,000 after buying an additional 53,992 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

About Kontoor Brands

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.

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