Kontoor Brands - KTB Stock Forecast, Price & News

4 Wall Street equities research 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 equities research 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.
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4 analysts have issued 12-month price objectives for Kontoor Brands' shares. Their KTB share price forecasts range from $34.00 to $50.00. On average, they expect the company's share price to reach $40.83 in the next twelve months. This suggests that the stock has a possible downside of 3.5%.
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Kontoor Brands' stock was trading at $51.25 on January 1st, 2022. Since then, KTB shares have decreased by 17.4% and is now trading at $42.31.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our KTB earnings forecast.

Kontoor Brands, Inc. (NYSE:KTB) posted its quarterly earnings results on Thursday, August, 4th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. The firm had revenue of $613.50 million for the quarter, compared to analysts' expectations of $624.46 million. Kontoor Brands had a net margin of 9.52% and a trailing twelve-month return on equity of 155.26%. The firm's revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 EPS.

Kontoor Brands announced a quarterly dividend on Wednesday, July 20th. Shareholders of record on Friday, September 9th will be given a dividend of $0.46 per share on Monday, September 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Thursday, September 8th.
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 4.60%. KTB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KTB will have a dividend payout ratio of 39.74% 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, August, 11th. The company provided earnings per share guidance of $4.40-$4.50 for the period, compared to the consensus EPS estimate of $4.23. The company issued revenue guidance of $2.62 billion-$2.62 billion, compared to the consensus revenue estimate of $2.62 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 a number of retail and institutional investors. Top institutional investors include Cullen Capital Management LLC (16.39%), FMR LLC (5.65%), State Street Corp (3.35%), Jennison Associates LLC (2.54%), Northern Trust Corp (1.65%) and JPMorgan Chase & Co. (1.38%). 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 $42.31.

Kontoor Brands (NYSE:KTB) has a market capitalization of $2.34 billion and generates $2.48 billion in revenue each year. The company earns $195.42 million in net income (profit) each year or $4.31 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.