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NYSE:KTB

Kontoor Brands (KTB) Stock Forecast, Price & News

$41.82
-0.91 (-2.13%)
(As of 04:28 PM ET)
Compare
Today's Range
$41.77
$42.99
50-Day Range
$40.12
$49.50
52-Week Range
$31.46
$53.83
Volume
257,075 shs
Average Volume
451,486 shs
Market Capitalization
$2.35 billion
P/E Ratio
11.58
Dividend Yield
4.59%
Price Target
$56.29

Kontoor Brands MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
34.6% Upside
$56.29 Price Target
Short Interest
Healthy
4.43% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.60
Upright™ Environmental Score
News Sentiment
0.25mentions of Kontoor Brands in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.65%
From $4.69 to $5.33 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Consumer Discretionary Sector

82nd out of 269 stocks

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

5th out of 6 stocks


KTB stock logo

About Kontoor Brands (NYSE:KTB) Stock

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. It licenses and sells apparel under the Rock & Republic brad 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 Price History

KTB Stock News Headlines

Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Stifel Nicolaus Reiterates "Buy" Rating for Kontoor Brands (NYSE:KTB)
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Lee® Launches the Re-imagined Women’s Lee Rider Jean
Kontoor Brands announces CFO transition
Kontoor Brands (KTB) Receives a Buy from Guggenheim
Kontoor Brands earnings preview: what Wall Street is expecting
See More Headlines
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KTB Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 9/18 Dividend
9/07/2023
Dividend Payable
9/18/2023
Today
9/26/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Mens' & boy's furnishings, work clothing, & allied garments
Sub-Industry
N/A
Fax
N/A
Employees
14,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$56.29
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$47.00
Forecasted Upside/Downside
+33.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$245.49 million
Pretax Margin
10.48%

Debt

Sales & Book Value

Annual Sales
$2.63 billion
Cash Flow
$5.20 per share
Book Value
$4.52 per share

Miscellaneous

Free Float
54,665,000
Market Cap
$2.37 billion
Optionable
Not Optionable
Beta
1.12
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Key Executives

  • Mr. Scott H. Baxter (Age 58)
    Pres, CEO & Chair of the Board
    Comp: $3.14M
  • Mr. Thomas E. Waldron (Age 55)
    Exec. VP, Global Brand Pres of Wrangler & Co-COO
    Comp: $1.29M
  • Mr. Christopher M. Waldeck (Age 56)
    Exec. VP, Global Brand Pres of Lee & Co-COO
    Comp: $1.29M
  • Mr. Thomas L. Doerr Jr. (Age 48)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $845.36k
  • Mr. Joseph A. Alkire (Age 43)
    Exec. VP & CFO
  • Denise Sumner
    VP & Chief Accounting Officer
  • Eric Tracy
    VP of Corp. Fin. & Investor Relations
  • Ms. Mame Annan-Brown
    Exec. VP of Global Communications, Public Affairs & ESG and Pres of Kontoor Brands Foundation
  • Mr. Peter Kidd
    Exec. VP & Chief HR Officer
  • Mr. Ezio Garciamendez
    Sr. VP & Chief Supply Chain Officer













KTB Stock - Frequently Asked Questions

Should I buy or sell Kontoor Brands stock right now?

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.
View KTB analyst ratings
or view top-rated stocks.

What is Kontoor Brands' stock price forecast for 2023?

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.

How have KTB shares performed in 2023?

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
.

Are investors shorting Kontoor Brands?

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
.

When is Kontoor Brands' next earnings date?

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

How were Kontoor Brands' earnings last quarter?

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.

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

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
.

Is Kontoor Brands a good dividend stock?

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.

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

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 -.

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).

What is Kontoor Brands' stock symbol?

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

Who are Kontoor Brands' major shareholders?

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
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Kontoor Brands' stock price today?

One share of KTB stock can currently be purchased for approximately $42.21.

How much money does Kontoor Brands make?

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.

How many employees does Kontoor Brands have?

The company employs 14,400 workers across the globe.

How can I contact Kontoor Brands?

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.

This page (NYSE:KTB) was last updated on 9/26/2023 by MarketBeat.com Staff

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