Kontoor Brands (KTB) Stock Forecast, Price & News

7 Wall Street 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 research analysts is that investors should "moderate buy" KTB shares.
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7 equities research analysts have issued 1 year target prices for Kontoor Brands' stock. Their KTB share price forecasts range from $47.00 to $65.00. On average, they expect the company's share price to reach $56.29 in the next twelve months. This suggests a possible upside of 28.2% 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 at the start of the year. Since then, KTB stock has increased by 9.8% and is now trading at $43.91.
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Kontoor Brands saw a increase in short interest in September. As of September 15th, there was short interest totaling 2,670,000 shares, an increase of 9.0% from the August 31st total of 2,450,000 shares. Based on an average daily volume of 443,100 shares, the short-interest ratio is currently 6.0 days. Currently, 4.8% of the company's stock are sold short.
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) announced its quarterly earnings data 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 company had revenue of $616.01 million for 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 EPS.

Kontoor Brands announced a quarterly dividend on Friday, July 21st. Investors of record on Friday, September 8th will be given a dividend of $0.48 per share on Monday, September 18th. This represents a $1.92 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date 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 4.37%. 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 earnings per share (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."

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 $43.91.

Kontoor Brands (NYSE:KTB) has a market capitalization of $2.46 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.