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NYSE:KTB

Kontoor Brands - KTB Stock Forecast, Price & News

$42.31
+2.32 (+5.80%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$39.87
$42.36
50-Day Range
$31.56
$40.41
52-Week Range
$30.98
$61.24
Volume
408,844 shs
Average Volume
470,805 shs
Market Capitalization
$2.34 billion
P/E Ratio
9.82
Dividend Yield
4.60%
Price Target
$40.83

Kontoor Brands MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
3.5% Downside
$40.83 Price Target
Short Interest
Bearish
8.60% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.60
Upright™ Environmental Score
News Sentiment
0.00mentions of Kontoor Brands in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.04%
From $4.45 to $4.63 Per Share

Overall MarketRank

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

1.88 out of 5 stars

Consumer Discretionary Sector

246th out of 292 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, manufactures, procures, markets, and distributes denim, apparel, and accessories under the Wrangler, Lee, and Rock & Republic brands in the United States and internationally. It operates through two segments, Wrangler and Lee. The company sells its products primarily through mass merchants, specialty stores, mid-tier and traditional department stores, company-operated stores, and online. As of January 1, 2022, it operated 80 retail stores across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. The company was incorporated in 2018 and is headquartered in Greensboro, North Carolina.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KTB. Stifel Nicolaus cut their target price on Kontoor Brands from $45.00 to $38.00 in a research note on Wednesday, July 20th. Williams Capital restated a "downgrade" rating on shares of Kontoor Brands in a research report on Monday, July 25th. Wells Fargo & Company began coverage on Kontoor Brands in a report on Monday, July 11th. They set an "overweight" rating and a $40.00 price target on the stock. Barclays lowered Kontoor Brands from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $53.00 to $40.00 in a report on Wednesday, June 8th. Finally, UBS Group cut their target price on Kontoor Brands from $78.00 to $50.00 in a research note on Friday, July 15th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $40.83.

Kontoor Brands Price Performance

Shares of NYSE:KTB traded up $2.32 during mid-day trading on Tuesday, reaching $42.31. 408,844 shares of the company traded hands, compared to its average volume of 470,805. The firm has a market cap of $2.34 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 1.14 and a beta of 1.14. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.06 and a quick ratio of 0.90. Kontoor Brands has a fifty-two week low of $30.98 and a fifty-two week high of $61.24. The stock has a fifty day simple moving average of $35.65 and a 200-day simple moving average of $40.55.

Kontoor Brands (NYSE:KTB - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. Kontoor Brands had a return on equity of 155.26% and a net margin of 9.52%. The company had revenue of $613.50 million for the quarter, compared to analysts' expectations of $624.46 million. During the same period last year, the firm earned $0.40 EPS. The firm's revenue for the quarter was up 25.0% on a year-over-year basis. Equities research analysts anticipate that Kontoor Brands will post 4.45 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Stockholders of record on Friday, September 9th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, September 8th. This represents a $1.84 annualized dividend and a dividend yield of 4.35%. Kontoor Brands's dividend payout ratio (DPR) is 42.69%.

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KTB Stock News Headlines

Wrangler, Lee Parent Posts Mixed Q2 Earnings
Kontoor Brands (NYSE:KTB) Shares Gap Down to $37.15
Kontoor Brands (NYSE:KTB) Downgraded by William Blair
Kontoor Brands (NYSE:KTB) PT Lowered to $34.00
4 Analysts Have This to Say About Kontoor Brands
KTB Dividend Yield Pushes Above 5%
See More Headlines
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KTB Company Calendar

Ex-Dividend for 6/20 Dividend
6/09/2022
Dividend Payable
6/20/2022
Last Earnings
8/04/2022
Today
8/16/2022
Ex-Dividend for 9/19 Dividend
9/08/2022
Dividend Payable
9/19/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Mens' & boy's furnishings, work clothing, & allied garments
Sub-Industry
N/A
Fax
N/A
Employees
14,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$40.83
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
-3.5%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$195.42 million
Pretax Margin
11.95%

Debt

Sales & Book Value

Annual Sales
$2.48 billion
Cash Flow
$5.30 per share
Book Value
$2.58 per share

Miscellaneous

Free Float
54,111,000
Market Cap
$2.34 billion
Optionable
Not Optionable
Beta
1.14

Key Executives

  • Mr. Scott H. Baxter (Age 57)
    Pres, CEO & Chair of the Board
    Comp: $4.3M
  • Mr. Rustin E. Welton (Age 52)
    Exec. VP & CFO
    Comp: $1.57M
  • Mr. Thomas E. Waldron (Age 54)
    Exec. VP, Global Brand Pres of Wrangler & Co-Chief Operating Officer
    Comp: $1.44M
  • Mr. Christopher Waldeck (Age 55)
    Exec. VP, Global Brand Pres of Lee & Co-Chief Operating Officer
    Comp: $1.44M
  • Denise Sumner
    VP & Chief Accounting Officer
  • Eric Tracy
    VP of Corp. Fin. & Investor Relations
  • Miranda Stephani
    Deputy Gen. Counsel & Assistant Corp. Sec.
  • Mr. Thomas L. Doerr Jr. (Age 47)
    EVP, Gen. Counsel & Corp. Sec.
  • Vanessa McCutchen
    VP of Corp. Communications
  • Ms. Tammy M. Heller (Age 48)
    EVP & Chief HR Officer













KTB Stock - Frequently Asked Questions

Should I buy or sell Kontoor Brands stock right now?

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

What is Kontoor Brands' stock price forecast for 2022?

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%.
View analysts price targets for KTB
or view top-rated stocks among Wall Street analysts.

How have KTB shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Kontoor Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our KTB earnings forecast
.

How were Kontoor Brands' earnings last quarter?

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.

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

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
.

Is Kontoor Brands a good dividend stock?

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.

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

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.

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 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.
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 $42.31.

How much money does Kontoor Brands make?

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.

How many employees does Kontoor Brands have?

The company employs 14,000 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 8/16/2022 by MarketBeat.com Staff

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