Kontoor Brands Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kontoor Brands in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Kontoor Brands stock. 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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2 equities research analysts have issued twelve-month target prices for Kontoor Brands' stock. Their KTB stock forecasts range from $40.00 to $45.00. On average, they predict Kontoor Brands' stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 28.0% from the stock's current price.
View analysts' price targets for Kontoor Brands or view top-rated stocks among Wall Street analysts.

Kontoor Brands' stock was trading at $51.25 at the beginning of 2022. Since then, KTB stock has decreased by 36.0% and is now trading at $32.81.
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Kontoor Brands saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 4,200,000 shares, an increase of 22.4% from the May 15th total of 3,430,000 shares. Based on an average daily volume of 507,200 shares, the short-interest ratio is presently 8.3 days. Approximately 7.7% of the shares of the stock are short sold.
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Kontoor Brands is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Kontoor Brands, Inc. (NYSE:KTB) posted its quarterly earnings data on Thursday, May, 5th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.17. The business had revenue of $679.70 million for the quarter, compared to the consensus estimate of $655.65 million. Kontoor Brands had a net margin of 8.46% and a trailing twelve-month return on equity of 138.25%. The firm's revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS.
View Kontoor Brands' earnings history.

Kontoor Brands declared a quarterly dividend on Wednesday, April 20th. Stockholders of record on Friday, June 10th will be paid a dividend of $0.46 per share on Monday, June 20th. This represents a $1.84 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend is Thursday, June 9th.
View Kontoor Brands' dividend history.

Kontoor Brands(NYSE:KTB) pays an annual dividend of $1.84 per share and currently has a dividend yield of 5.47%. KTB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Kontoor Brands does not yet have a strong track record of dividend growth. The dividend payout ratio of Kontoor Brands is 50.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Kontoor Brands will have a dividend payout ratio of 36.80% next year. This indicates that Kontoor Brands will be able to sustain or increase its dividend.
View Kontoor Brands' dividend history.

Kontoor Brands issued an update on its FY 2022 earnings guidance on Monday, May, 23rd. The company provided earnings per share (EPS) guidance of $4.75-$4.85 for the period, compared to the consensus earnings per share estimate of $4.52. The company issued revenue guidance of $2.70B-, compared to the consensus revenue estimate of $2.70 billion.

4 employees have rated Kontoor Brands CEO Apisak Tantivorawong on Glassdoor.com. Apisak Tantivorawong has an approval rating of 72% among Kontoor Brands' employees.

Some companies that are related to Kontoor Brands include Cintas (CTAS), V.F. (VFC), Ralph Lauren (RL), PVH (PVH) and Oxford Industries (OXM).
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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."

Shares of KTB 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 $32.81.

Kontoor Brands (NYSE:KTB) has a market capitalization of $1.84 billion and generates $2.48 billion in revenue each year. The company earns $195.42 million in net income (profit) each year or $3.62 on an earnings per share basis.

Kontoor Brands employs 14,000 workers across the globe.

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