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NYSE:KTB

Kontoor Brands Stock Forecast, Price & News

$42.28
+0.61 (+1.46 %)
(As of 12/1/2020 12:00 AM ET)
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Today's Range
$41.94
Now: $42.28
$42.86
50-Day Range
$27.31
MA: $35.62
$43.98
52-Week Range
$12.90
Now: $42.28
$44.88
Volume264,817 shs
Average Volume952,430 shs
Market Capitalization$2.42 billion
P/E Ratio45.96
Dividend Yield3.71%
Beta0.91
Kontoor Brands, Inc., a lifestyle apparel company, designs, manufactures, sources, markets, and distributes apparel under the Wrangler and Lee brands in the United States and internationally. The company sells its products primarily through mass and mid-tier retailers, specialty stores, department stores, and retailer-owned and third-party e-commerce sites, as well as through direct-to-consumer channels, including full-price stores, outlet stores, and its websites. Kontoor Brands, Inc. was incorporated in 2018 and is headquartered in Greensboro, North Carolina.

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.00 out of 5 stars


Industry, Sector and Symbol

Industry Mens' & boy's furnishings, work clothing, & allied garments
Sub-IndustryN/A
CUSIPN/A
Phone336-332-3400
Employees15,100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.55 billion
Cash Flow$4.83 per share
Book Value$0.45 per share

Profitability

Net Income$96.65 million

Miscellaneous

Market Cap$2.42 billion
Next Earnings Date3/4/2021 (Estimated)
OptionableNot Optionable
$42.28
+0.61 (+1.46 %)
(As of 12/1/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Kontoor Brands (NYSE:KTB) Frequently Asked Questions

How has Kontoor Brands' stock price been impacted by Coronavirus?

Kontoor Brands' stock was trading at $29.53 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, KTB shares have increased by 43.2% and is now trading at $42.28.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Kontoor Brands?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kontoor Brands in the last year. There are currently 2 sell ratings, 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Kontoor Brands
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Kontoor Brands?

Wall Street analysts have given Kontoor Brands a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Kontoor Brands wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Kontoor Brands' next earnings date?

Kontoor Brands is scheduled to release its next quarterly earnings announcement on Thursday, March 4th 2021.
View our earnings forecast for Kontoor Brands
.

How were Kontoor Brands' earnings last quarter?

Kontoor Brands, Inc. (NYSE:KTB) posted its earnings results on Thursday, October, 29th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.58 by $0.75. The business had revenue of $583 million for the quarter, compared to analyst estimates of $549.10 million. Kontoor Brands had a return on equity of 1,685.31% and a net margin of 2.56%. The firm's quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 earnings per share.
View Kontoor Brands' earnings history
.

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

Kontoor Brands declared a quarterly dividend on Friday, October 30th. Shareholders of record on Thursday, December 10th will be paid a dividend of $0.40 per share on Friday, December 18th. This represents a $1.60 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Wednesday, December 9th.
View Kontoor Brands' dividend history
.

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

Kontoor Brands updated its FY20 earnings guidance on Thursday, October, 29th. The company provided earnings per share guidance of $2.25-2.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.52.

What price target have analysts set for KTB?

12 brokerages have issued twelve-month target prices for Kontoor Brands' stock. Their forecasts range from $20.00 to $46.00. On average, they expect Kontoor Brands' stock price to reach $31.33 in the next year. This suggests that the stock has a possible downside of 25.9%.
View analysts' price targets for Kontoor Brands
.

Are investors shorting Kontoor Brands?

Kontoor Brands saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 3,480,000 shares, a decrease of 17.5% from the October 31st total of 4,220,000 shares. Based on an average trading volume of 579,600 shares, the short-interest ratio is presently 6.0 days. Approximately 6.6% of the shares of the company are short sold.
View Kontoor Brands' Short Interest
.

Who are some of Kontoor Brands' key competitors?

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), The Walt Disney (DIS), Verizon Communications (VZ) and Cisco Systems (CSCO).

Who are Kontoor Brands' key executives?

Kontoor Brands' management team includes the following people:
  • Mr. Scott H. Baxter, Pres, CEO & Director (Age 55, Pay $1.64M)
  • Mr. Rustin Welton, Exec. VP & CFO (Age 50, Pay $729.88k)
  • Ms. Laurel Krueger, Exec. VP, Gen. Counsel & Corp. Sec. (Age 45, Pay $1.03M)
  • Mr. Thomas E. Waldron, Exec. VP & Global Brand Pres at Wrangler (Age 51, Pay $775.13k)
  • Mr. Chris Waldeck, Exec. VP & Global Brand Pres of Lee (Age 52, Pay $845.27k)
  • Denise Sumner, VP & Chief Accounting Officer
  • Eric Tracy, Sr. Director of Investor Relations
  • Mr. Scott Shoener, Exec. VP, Chief HR & Corp. Communications Officer
  • Vanessa McCutchen, Sr. Director of Corp. Communications
  • Ms. Sara Bland, Exec. VP of Global Strategy

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.40%), State Street Corp (2.98%), Jennison Associates LLC (2.84%), Victory Capital Management Inc. (1.48%), Artemis Investment Management LLP (1.22%) and Arrowstreet Capital Limited Partnership (1.15%). Company insiders that own Kontoor Brands stock include Juliana L Chugg, Richard Carucci and Thomas E Waldron.
View institutional ownership trends for Kontoor Brands
.

Which institutional investors are selling Kontoor Brands stock?

KTB stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Cubist Systematic Strategies LLC, Platinum Investment Management Ltd., Morgan Stanley, Northstar Asset Management LLC, Raymond James & Associates, Thrivent Financial for Lutherans, and Landscape Capital Management L.L.C..
View insider buying and selling activity for Kontoor Brands
.

Which institutional investors are buying Kontoor Brands stock?

KTB stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Artemis Investment Management LLP, Scopus Asset Management L.P., Fuller & Thaler Asset Management Inc., Point72 Asset Management L.P., Great West Life Assurance Co. Can, Victory Capital Management Inc., and Charles Schwab Investment Management Inc.. Company insiders that have bought Kontoor Brands stock in the last two years include Juliana L Chugg, Richard Carucci, and Thomas E Waldron.
View insider buying and selling activity for Kontoor Brands
.

How do I buy shares of 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.

What is Kontoor Brands' stock price today?

One share of KTB stock can currently be purchased for approximately $42.28.

How big of a company is Kontoor Brands?

Kontoor Brands has a market capitalization of $2.42 billion 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.

What is Kontoor Brands' official website?

The official website for Kontoor Brands is www.kontoorbrands.com.

How can I contact Kontoor Brands?

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]

This page was last updated on 12/2/2020 by MarketBeat.com Staff

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