Kontoor Brands - KTB Stock Forecast, Price & News

8 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 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" KTB shares.
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8 Wall Street research analysts have issued 12-month price targets for Kontoor Brands' shares. Their KTB share price forecasts range from $43.00 to $65.00. On average, they predict the company's share price to reach $55.13 in the next twelve months. This suggests a possible upside of 16.9% from the stock's current price.
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Kontoor Brands' stock was trading at $39.99 at the beginning of the year. Since then, KTB shares have increased by 18.0% and is now trading at $47.17.
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Kontoor Brands saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 4,280,000 shares, an increase of 9.7% from the February 13th total of 3,900,000 shares. Based on an average trading volume of 460,700 shares, the short-interest ratio is currently 9.3 days. Currently, 7.9% of the company's shares are sold short.
View Kontoor Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our KTB earnings forecast.

Kontoor Brands, Inc. (NYSE:KTB) released its quarterly earnings results on Tuesday, February, 28th. The company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.12. The company had revenue of $731.60 million for the quarter, compared to analyst estimates of $666.78 million. Kontoor Brands had a net margin of 9.33% and a trailing twelve-month return on equity of 124.39%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share.

Kontoor Brands announced a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Friday, March 10th will be given a dividend of $0.48 per share on Monday, March 20th. This represents a $1.92 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Thursday, March 9th.
Read our dividend analysis for KTB.

ETFs with the largest weight of Kontoor Brands (NYSE:KTB) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Invesco S&P SmallCap Quality ETF (XSHQ), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Distillate Small/Mid Cash Flow ETF (DSMC), Royce Quant Small-Cap Quality Value ETF (SQLV) and SPDR S&P 600 Small CapValue ETF (SLYV).

Kontoor Brands (NYSE:KTB) pays an annual dividend of $1.92 per share and currently has a dividend yield of 4.04%. 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 44.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KTB will have a dividend payout ratio of 34.91% 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 Tuesday, February, 28th. The company provided earnings per share guidance of $4.55-$4.75 for the period, compared to the consensus EPS estimate of $4.36. 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."

Kontoor Brands' stock is owned by a number of retail and institutional investors. Top institutional investors include PNC Financial Services Group Inc. (19.44%), Cullen Capital Management LLC (5.92%), Jennison Associates LLC (3.23%), Morgan Stanley (2.17%), Fuller & Thaler Asset Management Inc. (1.93%) and JPMorgan Chase & Co. (1.86%). Insiders that own company stock include Christopher Waldeck, 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 $47.17.

Kontoor Brands (NYSE:KTB) has a market capitalization of $2.62 billion and generates $2.63 billion in revenue each year. The company earns $245.49 million in net income (profit) each year or $4.30 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.