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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda

Kontoor Brands (KTB) Stock Price, News & Analysis

$56.45
+1.06 (+1.91%)
(As of 04/19/2024 ET)
Today's Range
$55.16
$56.56
50-Day Range
$53.92
$63.52
52-Week Range
$37.10
$64.49
Volume
492,298 shs
Average Volume
434,228 shs
Market Capitalization
$3.15 billion
P/E Ratio
13.90
Dividend Yield
3.54%
Price Target
$70.40

Kontoor Brands MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
24.7% Upside
$70.40 Price Target
Short Interest
Bearish
8.50% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.60
Upright™ Environmental Score
News Sentiment
0.88mentions of Kontoor Brands in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.38%
From $4.70 to $5.47 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.

4.21 out of 5 stars

Consumer Discretionary Sector

74th out of 270 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

Kontoor Brands Declares Quarterly Dividend
Kontoor Brands, Inc. (KTB)
“More countries ditch the US dollar”
Since March 2018, China started purchasing oil in gold-backed yuan. By December 2022, Foreign Minister Wang Yi stated that Chinese-Arab relations experienced a "historic improvement." after arab nations ditched the dollar to trade with China. On June 6, 2023 China told its banks to slash interest rates on US dollars.
“More countries ditch the US dollar”
Since March 2018, China started purchasing oil in gold-backed yuan. By December 2022, Foreign Minister Wang Yi stated that Chinese-Arab relations experienced a "historic improvement." after arab nations ditched the dollar to trade with China. On June 6, 2023 China told its banks to slash interest rates on US dollars.
Kontoor Brands: Difficult Environment
KTB Apr 2024 55.000 call
KTB Apr 2024 65.000 call
KTB Apr 2024 45.000 put
Demystifying Kontoor Brands: Insights From 4 Analyst Reviews
Kontoor Brands Slips After Q4 Profit Misses View
Why Kontoor Brands (KTB) Shares Are Sliding Today
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Ex-Dividend for 3/18 Dividend
3/07/2024
Dividend Payable
3/18/2024
Today
4/21/2024
Next Earnings (Confirmed)
5/02/2024
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
$70.40
High Stock Price Target
$85.00
Low Stock Price Target
$64.00
Potential Upside/Downside
+24.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$230.99 million
Pretax Margin
10.43%

Debt

Sales & Book Value

Annual Sales
$2.61 billion
Cash Flow
$5.18 per share
Book Value
$6.62 per share

Miscellaneous

Free Float
54,310,000
Market Cap
$3.15 billion
Optionable
Optionable
Beta
1.13
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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 equities 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 equities 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 brokerages have issued 1-year price targets for Kontoor Brands' stock. Their KTB share price targets range from $64.00 to $85.00. On average, they expect the company's stock price to reach $70.40 in the next twelve months. This suggests a possible upside of 24.7% 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 the year. Since then, KTB shares have decreased by 9.6% and is now trading at $56.45.
View the best growth stocks for 2024 here
.

Are investors shorting Kontoor Brands?

Kontoor Brands saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,650,000 shares, an increase of 49.5% from the March 15th total of 3,110,000 shares. Based on an average daily volume of 569,300 shares, the short-interest ratio is presently 8.2 days. Currently, 8.5% of the company's shares 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, May 2nd 2024.
View our KTB earnings forecast
.

How can I listen to Kontoor Brands' earnings call?

Kontoor Brands will be holding an earnings conference call on Thursday, May 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Kontoor Brands' earnings last quarter?

Kontoor Brands, Inc. (NYSE:KTB) posted its earnings results on Wednesday, February, 28th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by $0.02. The business earned $669.80 million during the quarter, compared to analysts' expectations of $720.70 million. Kontoor Brands had a net margin of 8.86% and a trailing twelve-month return on equity of 76.30%.

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

Kontoor Brands announced a quarterly dividend on Friday, April 19th. Shareholders of record on Monday, June 10th will be given a dividend of $0.50 per share on Thursday, June 20th. This represents a $2.00 annualized dividend and a dividend yield of 3.54%. 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 3.54%. 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 49.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KTB will have a dividend payout ratio of 36.56% 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 FY24 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of $4.65 to $4.75 for the period, compared to the consensus EPS estimate of $5.10. The company issued revenue guidance of $2.57 billion to $2.63 billion, compared to the consensus revenue estimate of $2.71 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 a number of retail and institutional investors. Top institutional investors include Azzad Asset Management Inc. ADV (0.06%), State of Alaska Department of Revenue (0.05%) and Mather Group LLC. (0.00%). 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 4/21/2024 by MarketBeat.com Staff

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