NYSE:KTBKontoor Brands Stock Price, Forecast & News

Kontoor Brands' stock was trading at $29.53 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, KTB stock has decreased by 45.7% and is now trading at $16.03. View which stocks have been mosted impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kontoor Brands in the last year. There are currently 2 sell ratings, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Kontoor Brands.

Kontoor Brands is scheduled to release its next quarterly earnings announcement on Thursday, June 18th 2020. View our earnings forecast for Kontoor Brands.

Kontoor Brands (NYSE:KTB) announced its quarterly earnings data on Thursday, March, 5th. The company reported $0.97 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.92 by $0.05. The firm had revenue of $652.60 million for the quarter, compared to the consensus estimate of $683.26 million. Kontoor Brands had a return on equity of 46.77% and a net margin of 3.79%. The firm's revenue was down 10.1% on a year-over-year basis. View Kontoor Brands' earnings history.

Kontoor Brands announced a quarterly dividend on Wednesday, February 19th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.56 per share on Friday, March 20th. This represents a $2.24 annualized dividend and a dividend yield of 13.97%. The ex-dividend date is Monday, March 9th. View Kontoor Brands' dividend history.

Kontoor Brands issued an update on its FY20 earnings guidance on Thursday, March, 5th. The company provided earnings per share (EPS) guidance of $3.55-3.65 for the period, compared to the Thomson Reuters consensus estimate of $3.57.

11 brokerages have issued 1-year price objectives for Kontoor Brands' stock. Their forecasts range from $7.50 to $46.00. On average, they expect Kontoor Brands' share price to reach $28.17 in the next year. This suggests a possible upside of 75.7% from the stock's current price. View analysts' price targets for Kontoor Brands.

Media stories about KTB stock have been trending very negative recently, InfoTrie reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Kontoor Brands earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutKontoor Brands.

Kontoor Brands saw a decline in short interest in March. As of March 13th, there was short interest totaling 9,576,500 shares, a decline of 5.1% from the February 27th total of 10,090,000 shares. Based on an average trading volume of 587,400 shares, the days-to-cover ratio is currently 16.3 days. Currently, 18.2% of the company's shares are sold short. View Kontoor Brands' Current Options Chain.

Some companies that are related to Kontoor Brands include VF (VFC), Cintas (CTAS), Ralph Lauren (RL), PVH (PVH), Oxford Industries (OXM) and Naked Brand Group (NAKD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Kontoor Brands investors own include VF (VFC), AbbVie (ABBV), AT&T (T), Verizon Communications (VZ), Gilead Sciences (GILD), Intel (INTC), NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS) and IBM (IBM).

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

Kontoor Brands' stock is owned by many different institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.08%). Company insiders that own Kontoor Brands stock include Juliana L Chugg and Richard Carucci. View institutional ownership trends for Kontoor Brands.

KTB stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Kontoor Brands stock in the last two years include Juliana L Chugg, and Richard Carucci. View insider buying and selling activity for Kontoor Brands.

Shares of KTB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of KTB stock can currently be purchased for approximately $16.03.

Kontoor Brands has a market capitalization of $914.35 million and generates $2.55 billion in revenue each year. The company earns $96.65 million in net income (profit) each year or $3.84 on an earnings per share basis. Kontoor Brands employs 15,100 workers across the globe. View additional information about Kontoor Brands.

The official website for Kontoor Brands is http://www.kontoorbrands.com/.

Kontoor Brands' mailing address is 400 N. ELM STREET, GREENSBORO NC, 27401. The company can be reached via phone at 336-332-3400 or via email at [email protected]