Kontoor Brands, Inc. (NYSE:KTB) Receives $89.67 Average Target Price from Brokerages

Key Points

• Kontoor Brands, Inc. has received a consensus rating of "Moderate Buy" from six brokerages, with one hold and five buy recommendations, and an average 12-month target price of $89.67.
• The company's recent quarterly earnings report showed earnings per share (EPS) of $1.21, exceeding estimates by $0.35, with revenue growing by 8.5% year-over-year to $658.26 million.
• Kontoor Brands announced a quarterly dividend of $0.52 per share, reflecting an annualized dividend of $2.08 and a yield of 2.7%, with an ex-dividend date set for September 9th.

Shares of Kontoor Brands, Inc. (NYSE:KTB - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $89.6667.

A number of equities research analysts have issued reports on KTB shares. Wells Fargo & Company upped their target price on Kontoor Brands from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. The Goldman Sachs Group set a $85.00 target price on Kontoor Brands and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Stifel Nicolaus upped their target price on 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 upped their target price on Kontoor Brands from $92.00 to $99.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Barclays reissued an "overweight" rating and issued a $91.00 price objective (up from $86.00) on shares of Kontoor Brands in a research report on Friday, August 8th.

Institutional Investors Weigh In On Kontoor Brands

Several hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of Kontoor Brands by 69.3% in the second quarter. JPMorgan Chase & Co. now owns 2,553,092 shares of the company's stock valued at $168,428,000 after acquiring an additional 1,044,921 shares during the period. Geode Capital Management LLC boosted its position in shares of Kontoor Brands by 2.1% in the second quarter. Geode Capital Management LLC now owns 1,623,778 shares of the company's stock valued at $107,129,000 after acquiring an additional 32,630 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Kontoor Brands by 11.8% in the fourth quarter. Ameriprise Financial Inc. now owns 1,355,286 shares of the company's stock valued at $115,755,000 after acquiring an additional 142,956 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Kontoor Brands by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,267,431 shares of the company's stock valued at $108,252,000 after acquiring an additional 5,207 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Kontoor Brands by 54.2% in the second quarter. Invesco Ltd. now owns 1,241,839 shares of the company's stock valued at $81,924,000 after acquiring an additional 436,246 shares during the period. 93.06% of the stock is owned by institutional investors.

Kontoor Brands Stock Up 0.6%

Shares of NYSE KTB traded up $0.49 during trading hours on Friday, hitting $77.22. The stock had a trading volume of 909,931 shares, compared to its average volume of 883,378. The company has a market capitalization of $4.29 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.76 and a beta of 1.11. The firm's 50-day moving average price is $67.21 and its two-hundred day moving average price is $66.47. Kontoor Brands has a 52 week low of $50.00 and a 52 week high of $96.80. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.95 and a current ratio of 2.18.

Kontoor Brands (NYSE:KTB - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.21 earnings per share (EPS) for the quarter, topping 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 return on equity of 68.76% and a net margin of 9.48%.The company's revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business 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. Analysts anticipate that Kontoor Brands will post 4.82 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Tuesday, September 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend 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.