Kontoor Brands - KTB Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kontoor Brands in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" KTB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KTB, but not buy additional shares or sell existing shares.
View KTB analyst ratings or view top-rated stocks.

4 analysts have issued twelve-month price objectives for Kontoor Brands' stock. Their KTB share price forecasts range from $34.00 to $50.00. On average, they anticipate the company's share price to reach $41.00 in the next year. This suggests that the stock has a possible downside of 8.5%.
View analysts price targets for KTB or view top-rated stocks among Wall Street analysts.

Kontoor Brands' stock was trading at $51.25 on January 1st, 2022. Since then, KTB shares have decreased by 12.6% and is now trading at $44.79.
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Kontoor Brands saw a decrease in short interest in November. As of November 15th, there was short interest totaling 5,190,000 shares, a decrease of 7.5% from the October 31st total of 5,610,000 shares. Based on an average daily volume of 478,700 shares, the days-to-cover ratio is presently 10.8 days. Approximately 9.5% of the shares of the stock are short sold.
View Kontoor Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our KTB earnings forecast.

Kontoor Brands, Inc. (NYSE:KTB) announced its quarterly earnings data on Thursday, November, 3rd. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.12. The business had revenue of $606.52 million for the quarter, compared to analysts' expectations of $630.40 million. Kontoor Brands had a net margin of 9.21% and a trailing twelve-month return on equity of 143.05%.

Kontoor Brands declared a quarterly dividend on Monday, October 24th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.48 per share on Monday, December 19th. This represents a $1.92 annualized dividend and a yield of 4.29%. The ex-dividend date is Thursday, December 8th. This is a boost from the stock's previous quarterly dividend of $0.46.
Read our dividend analysis for KTB.

Kontoor Brands (NYSE:KTB) pays an annual dividend of $1.84 per share and currently has a dividend yield of 4.11%. 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 44.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KTB will have a dividend payout ratio of 41.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KTB.

Kontoor Brands issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $4.35-$4.40 for the period, compared to the consensus EPS estimate of $4.20. The company issued revenue guidance of $2.58 billion-$2.58 billion, compared to the consensus revenue estimate of $2.56 billion.

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 many different retail and institutional investors. Top institutional shareholders include Cullen Capital Management LLC (19.64%), BlackRock Inc. (14.58%), Vanguard Group Inc. (11.13%), State Street Corp (3.45%), Jennison Associates LLC (3.23%) and Frontier Capital Management Co. LLC (1.58%). Insiders that own company stock include Laurel Krueger, Richard Carucci, Susan Denise Sumner and Thomas E Waldron.
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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 $44.79.

Kontoor Brands (NYSE:KTB) has a market capitalization of $2.48 billion and generates $2.48 billion in revenue each year. The company earns $195.42 million in net income (profit) each year or $4.14 on an earnings per share basis.

The company employs 14,000 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.