Kontoor Brands (KTB) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kontoor Brands in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" KTB shares.
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7 Wall Street research analysts have issued 1 year price objectives for Kontoor Brands' shares. Their KTB share price forecasts range from $47.00 to $65.00. On average, they anticipate the company's share price to reach $56.29 in the next year. This suggests a possible upside of 33.3% from the stock's current price.
View analysts price targets for KTB or view top-rated stocks among Wall Street analysts.

Kontoor Brands' stock was trading at $39.99 on January 1st, 2023. Since then, KTB shares have increased by 5.6% and is now trading at $42.21.
View the best growth stocks for 2023 here.

Kontoor Brands saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,450,000 shares, a drop of 7.9% from the August 15th total of 2,660,000 shares. Based on an average trading volume of 459,800 shares, the short-interest ratio is currently 5.3 days. Currently, 4.4% of the company's shares are short sold.
View Kontoor Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our KTB earnings forecast.

Kontoor Brands, Inc. (NYSE:KTB) posted its earnings results on Thursday, August, 3rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.11. The business earned $616.01 million during the quarter, compared to the consensus estimate of $607.52 million. Kontoor Brands had a net margin of 7.84% and a trailing twelve-month return on equity of 82.45%. The firm's revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share.

Kontoor Brands declared a quarterly dividend on Friday, July 21st. Shareholders of record on Friday, September 8th will be paid a dividend of $0.48 per share on Monday, September 18th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Thursday, September 7th.
Read our dividend analysis for KTB.

ETFs with the largest weight of Kontoor Brands (NYSE:KTB) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), WisdomTree U.S. SmallCap Dividend Fund (DES), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and Avantis U.S. Small Cap Equity ETF (AVSC).SPDR S&P 600 Small Cap ETF (SLY).

Kontoor Brands (NYSE:KTB) pays an annual dividend of $1.92 per share and currently has a dividend yield of 4.48%. KTB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 53.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KTB will have a dividend payout ratio of 36.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KTB.

Kontoor Brands updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $4.55-$4.75 for the period, compared to the consensus earnings per share estimate of $4.46. The company issued revenue guidance of -.

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.

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).

Kontoor Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "KTB."

Kontoor Brands' stock is owned by a number of institutional and retail investors. Top institutional shareholders include PNC Financial Services Group Inc. (19.20%), Cullen Capital Management LLC (15.02%), BlackRock Inc. (14.27%), State Street Corp (3.70%), Jennison Associates LLC (2.27%) and Geode Capital Management LLC (1.81%). Insiders that own company stock include Christopher Waldeck, Laurel Krueger, Susan Denise Sumner and Thomas E Waldron.
View institutional ownership trends.

Shares of KTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KTB stock can currently be purchased for approximately $42.21.

Kontoor Brands (NYSE:KTB) has a market capitalization of $2.37 billion and generates $2.63 billion in revenue each year. The company earns $245.49 million in net income (profit) each year or $3.61 on an earnings per share basis.

The company employs 14,400 workers across the globe.

Kontoor Brands' mailing address is 400 N. ELM STREET, GREENSBORO NC, 27401. The official website for the company is www.kontoorbrands.com. The company can be reached via phone at (336) 332-3400 or via email at ir@kontoorbrands.com.