Kontoor Brands (KTB) Stock Price, News & Analysis

$70.18
+1.18 (+1.71%)
(As of 05/17/2024 ET)
Today's Range
$68.81
$70.30
50-Day Range
$53.92
$69.24
52-Week Range
$37.10
$70.30
Volume
431,678 shs
Average Volume
564,701 shs
Market Capitalization
$3.92 billion
P/E Ratio
17.77
Dividend Yield
2.85%
Price Target
$75.20

Kontoor Brands MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
7.2% Upside
$75.20 Price Target
Short Interest
Bearish
8.51% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.60
Upright™ Environmental Score
News Sentiment
0.99mentions of Kontoor Brands in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.28%
From $4.73 to $5.50 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.41 out of 5 stars

Consumer Discretionary Sector

116th out of 267 stocks

Mens' & Boy's Furnishings, Work Clothing, & Allied Garments Industry

5th out of 6 stocks

KTB stock logo

About Kontoor Brands Stock (NYSE:KTB)

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. The company sells its products primarily through mass merchants, specialty stores, mid-tier and traditional department stores, company-operated stores, and online. It operates in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. Kontoor Brands, Inc. was incorporated in 2018 and is headquartered in Greensboro, North Carolina.

KTB Stock Price History

KTB Stock News Headlines

The Market Got Excited, But Kontoor Is Still A Hold
Kontoor Brands (KTB) Stock Trades Up, Here Is Why
Lee® Launches Golf Collection for Men
Kontoor Brands (NYSE:KTB) Surprises With Q1 Sales
Kontoor Brands Declares Quarterly Dividend
Kontoor Brands, Inc. (KTB)
Kontoor Brands: Difficult Environment
See More Headlines
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Company Calendar

Ex-Dividend for 3/18 Dividend
3/07/2024
Dividend Payable
3/18/2024
Last Earnings
5/02/2024
Today
5/17/2024
Ex-Dividend for 6/20 Dividend
6/10/2024
Dividend Payable
6/20/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Mens' & boy's furnishings, work clothing, & allied garments
Sub-Industry
N/A
Fax
N/A
Employees
13,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$75.20
High Stock Price Target
$85.00
Low Stock Price Target
$68.00
Potential Upside/Downside
+7.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$230.99 million
Pretax Margin
10.26%

Debt

Sales & Book Value

Annual Sales
$2.61 billion
Cash Flow
$5.35 per share
Book Value
$6.94 per share

Miscellaneous

Free Float
54,378,000
Market Cap
$3.92 billion
Optionable
Optionable
Beta
1.11
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Key Executives

  • Mr. Scott H. Baxter (Age 59)
    President, CEO & Chair of the Board
    Comp: $3.1M
  • Mr. Joseph A. Alkire (Age 43)
    Executive VP & CFO
    Comp: $820.55k
  • Mr. Thomas E. WaldronMr. Thomas E. Waldron (Age 56)
    Chief Operating Officer
    Comp: $1.34M
  • Mr. Thomas L. Doerr Jr. (Age 49)
    Executive VP, General Counsel & Corporate Secretary
    Comp: $905k
  • Mr. Christopher M. WaldeckMr. Christopher M. Waldeck (Age 57)
    Executive Officer
    Comp: $1.34M
  • Denise Sumner
    VP & Chief Accounting Officer
  • Eric Tracy
    VP of Corporate Finance & Investor Relations
  • Ms. Mame Annan-Brown
    Exec. VP of Global Communications, Public Affairs & ESG and President of Kontoor Brands Foundation
  • Mr. Peter Kidd
    Executive VP & Chief Human Resources Officer
  • Ms. Jenni Broyles
    Executive VP & Global Brands President of Wrangler & Lee

KTB Stock Analysis - Frequently Asked Questions

Should I buy or sell Kontoor Brands stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kontoor Brands in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KTB shares.
View KTB analyst ratings
or view top-rated stocks.

What is Kontoor Brands' stock price target for 2024?

6 brokers have issued 1-year price objectives for Kontoor Brands' stock. Their KTB share price targets range from $68.00 to $85.00. On average, they expect the company's share price to reach $75.20 in the next twelve months. This suggests a possible upside of 7.2% from the stock's current price.
View analysts price targets for KTB
or view top-rated stocks among Wall Street analysts.

How have KTB shares performed in 2024?

Kontoor Brands' stock was trading at $62.42 at the beginning of 2024. Since then, KTB shares have increased by 12.4% and is now trading at $70.18.
View the best growth stocks for 2024 here
.

Are investors shorting Kontoor Brands?

Kontoor Brands saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,660,000 shares, an increase of 7.4% from the April 15th total of 4,340,000 shares. Based on an average daily volume of 659,600 shares, the days-to-cover ratio is presently 7.1 days. Approximately 8.5% of the shares of the company are sold short.
View Kontoor Brands' Short Interest
.

When is Kontoor Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our KTB earnings forecast
.

How were Kontoor Brands' earnings last quarter?

Kontoor Brands, Inc. (NYSE:KTB) issued its earnings results on Thursday, May, 2nd. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.26. The firm had revenue of $631.20 million for the quarter, compared to the consensus estimate of $607.91 million. Kontoor Brands had a trailing twelve-month return on equity of 71.45% and a net margin of 8.72%. Kontoor Brands's revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 EPS.

How often does Kontoor Brands pay dividends? What is the dividend yield for Kontoor Brands?

Kontoor Brands declared a quarterly dividend on Friday, April 19th. Investors of record on Monday, June 10th will be paid a dividend of $0.50 per share on Thursday, June 20th. This represents a $2.00 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Monday, June 10th.
Read our dividend analysis for KTB
.

Is Kontoor Brands a good dividend stock?

Kontoor Brands (NYSE:KTB) pays an annual dividend of $2.00 per share and currently has a dividend yield of 2.94%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 50.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KTB will have a dividend payout ratio of 36.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KTB.

What guidance has Kontoor Brands issued on next quarter's earnings?

Kontoor Brands issued an update on its FY 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share (EPS) guidance of 4.700-4.800 for the period, compared to the consensus estimate of 4.660. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion.

What is Apisak Tantivorawong's approval rating as Kontoor Brands' CEO?

4 employees have rated Kontoor Brands Chief Executive Officer Apisak Tantivorawong on Glassdoor.com. Apisak Tantivorawong has an approval rating of 72% among the company's employees.

What other stocks do shareholders of Kontoor Brands own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kontoor Brands investors own include Intel (INTC), NVIDIA (NVDA), AT&T (T), AbbVie (ABBV), Pfizer (PFE), Advanced Micro Devices (AMD), V.F. (VFC), Walt Disney (DIS), Verizon Communications (VZ) and Cisco Systems (CSCO).

Who are Kontoor Brands' major shareholders?

Kontoor Brands' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.49%), Capital World Investors (3.04%), Jennison Associates LLC (1.00%), Principal Financial Group Inc. (0.50%), Mesirow Institutional Investment Management Inc. (0.41%) and Keeley Teton Advisors LLC (0.23%). Insiders that own company stock include Christopher Waldeck, Laurel Krueger and Thomas E Waldron.
View institutional ownership trends
.

How do I buy shares of Kontoor Brands?

Shares of KTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KTB) was last updated on 5/18/2024 by MarketBeat.com Staff

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