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 shares have decreased by 44.3% and is now trading at $16.44. View which stocks have been most impacted by Coronavirus.

10 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 3 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, August 13th 2020. View our earnings forecast for Kontoor Brands.

Kontoor Brands (NYSE:KTB) posted its earnings results on Thursday, May, 7th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.22 by $0.05. The firm earned $504 million during the quarter, compared to analysts' expectations of $522.47 million. Kontoor Brands had a return on equity of 380.70% and a net margin of 3.27%. The firm's revenue was down 22.2% on a year-over-year basis. View Kontoor Brands' earnings history.

Kontoor Brands declared a quarterly dividend on Wednesday, February 19th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.56 per share on Friday, March 20th. This represents a $2.24 annualized dividend and a yield of 13.63%. 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 EPS guidance of $3.55-3.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.57.

10 Wall Street analysts have issued 1-year target prices for Kontoor Brands' shares. Their forecasts range from $17.00 to $46.00. On average, they expect Kontoor Brands' share price to reach $26.38 in the next year. This suggests a possible upside of 60.4% from the stock's current price. View analysts' price targets for Kontoor Brands.

News headlines about KTB stock have trended somewhat negative this week, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. 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 -1.6 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutKontoor Brands.

Kontoor Brands saw a drop in short interest in May. As of May 15th, there was short interest totaling 8,650,000 shares, a drop of 12.7% from the April 30th total of 9,910,000 shares. Based on an average trading volume of 1,180,000 shares, the days-to-cover ratio is presently 7.3 days. Currently, 16.5% of the shares of the stock are short sold. View Kontoor Brands' Current Options Chain.

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

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), Walt Disney (DIS), IBM (IBM), Intel (INTC), Gilead Sciences (GILD), NVIDIA (NVDA) and Pfizer (PFE).

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

Kontoor Brands' stock is owned by many different retail and institutional investors. Top institutional investors include PNC Financial Services Group Inc. (19.94%), State Street Corp (17.28%), BlackRock Inc. (12.29%), Capital World Investors (12.23%), Wellington Management Group LLP (3.76%) and Morgan Stanley (2.36%). Company insiders that own Kontoor Brands stock include Juliana L Chugg and Richard Carucci. View institutional ownership trends for Kontoor Brands.

KTB stock was sold by a variety of institutional investors in the last quarter, including Nicholas Investment Partners LP, Wellington Management Group LLP, Russell Investments Group Ltd., Paloma Partners Management Co, JPMorgan Chase & Co., BlackRock Inc., UBS Group AG, and Balyasny Asset Management LLC. View insider buying and selling activity for Kontoor Brands.

KTB stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Morgan Stanley, Morgan Stanley, Victory Capital Management Inc., Victory Capital Management Inc., Capital World Investors, Matarin Capital Management LLC, and Schroder Investment Management Group. 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 $16.44.

Kontoor Brands has a market capitalization of $938.81 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.

The official website for Kontoor Brands is 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]