Weiss Ratings Reaffirms "Hold (C+)" Rating for Kontoor Brands (NYSE:KTB)

Key Points

• Weiss Ratings has restated a "Hold (C+)" rating for Kontoor Brands (NYSE:KTB), reflecting a cautious stance amidst diverse analyst recommendations.
• KTB shares have been rated as "Buy" by five analysts and "Hold" by two, with a consensus price target of $91.33 following recent earnings that exceeded expectations.
• Kontoor Brands experienced a 0.7% increase in stock price, with current trading around $80.40, and has a market cap of approximately $4.47 billion.

Kontoor Brands (NYSE:KTB - Get Free Report)'s stock had its "hold (c+)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

KTB has been the subject of a number of other reports. Wall Street Zen raised shares of Kontoor Brands from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. UBS Group increased their price target 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. 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 report on Tuesday, June 10th. Stifel Nicolaus increased their price target 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. 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. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $91.33.

Kontoor Brands Stock Up 0.7%

NYSE:KTB opened at $80.40 on Wednesday. Kontoor Brands has a 1-year low of $50.00 and a 1-year high of $96.80. The company has a 50-day moving average of $75.28 and a 200 day moving average of $68.40. The firm has a market cap of $4.47 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The company has a debt-to-equity ratio of 2.74, a current ratio of 2.18 and a quick ratio of 0.95.

Kontoor Brands (NYSE:KTB - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.35. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. The company had revenue of $658.26 million during the quarter, compared to analyst estimates of $632.97 million. During the same period in the prior year, the firm earned $0.98 earnings per share. The firm'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. As a group, research analysts anticipate that Kontoor Brands will post 4.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Kontoor Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in KTB. JPMorgan Chase & Co. grew its stake in shares of Kontoor Brands by 69.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,553,092 shares of the company's stock worth $168,428,000 after purchasing an additional 1,044,921 shares during the period. Norges Bank acquired a new stake in shares of Kontoor Brands during the 2nd quarter worth approximately $45,762,000. Invesco Ltd. grew its stake in shares of Kontoor Brands by 54.2% during the 2nd quarter. Invesco Ltd. now owns 1,241,839 shares of the company's stock worth $81,924,000 after purchasing an additional 436,246 shares during the period. Nuveen LLC acquired a new stake in shares of Kontoor Brands during the 1st quarter worth approximately $19,837,000. Finally, Balyasny Asset Management L.P. grew its stake in shares of Kontoor Brands by 134.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 468,630 shares of the company's stock worth $30,916,000 after purchasing an additional 268,604 shares during the period. Institutional investors and hedge funds own 93.06% of the company's stock.

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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