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NYSE:KTB

Kontoor Brands - KTB Stock Forecast, Price & News

$45.99
-1.01 (-2.15%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$45.84
$46.75
50-Day Range
$38.69
$47.10
52-Week Range
$30.98
$51.85
Volume
321,295 shs
Average Volume
301,547 shs
Market Capitalization
$2.55 billion
P/E Ratio
11.11
Dividend Yield
4.09%
Price Target
$42.17

Kontoor Brands MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
8.3% Downside
$42.17 Price Target
Short Interest
Healthy
6.12% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.60
Upright™ Environmental Score
News Sentiment
0.95mentions of Kontoor Brands in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.05%
From $4.39 to $4.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.85 out of 5 stars

Consumer Discretionary Sector

224th out of 274 stocks

Mens' & Boy's Furnishings, Work Clothing, & Allied Garments Industry

5th out of 6 stocks


KTB stock logo

About Kontoor Brands (NYSE:KTB) Stock

Kontoor Brands, Inc. engages in the design, manufacture, sourcing, marketing, and distribution of a portfolio of brands. It operates through the Wrangler and Lee segment. The company was founded on November 18, 2018 and is headquartered in Greensboro, NC.

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KTB Stock News Headlines

Kontoor Brands: A Working Capital Story
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Kontoor Brands' (NYSE:KTB) Dividend Will Be Increased To $0.48
Kontoor Brands: Macroeconomic Risks Persist
Kontoor Brands: Q3 Earnings Insights
6 Accidental High-Yielders Now Paying You 6%
KTB Kontoor Brands, Inc.
See More Headlines
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KTB Company Calendar

Last Earnings
11/03/2022
Ex-Dividend for 12/19 Dividend
12/08/2022
Dividend Payable
12/19/2022
Today
1/30/2023
Next Earnings (Estimated)
3/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Mens' & boy's furnishings, work clothing, & allied garments
Sub-Industry
N/A
Fax
N/A
Employees
14,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$42.17
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
-8.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$195.42 million
Pretax Margin
11.61%

Debt

Sales & Book Value

Annual Sales
$2.48 billion
Cash Flow
$4.95 per share
Book Value
$2.58 per share

Miscellaneous

Free Float
54,190,000
Market Cap
$2.55 billion
Optionable
Not Optionable
Beta
1.14

Key Executives

  • Scott H. Baxter
    Chairman, President & Chief Executive Officer
  • Thomas E. Waldron
    Co-COO, EVP & Global Brand President-Wrangler
  • Christopher Waldeck
    Co-COO, Executive VP & Global Brand President-Lee
  • Rustin E. Welton
    Chief Financial Officer & Executive Vice President
  • Thomas Lee Doerr
    Secretary, Executive VP & General Counsel













KTB Stock - Frequently Asked Questions

Should I buy or sell Kontoor Brands stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kontoor Brands in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" KTB shares. 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.
View KTB analyst ratings
or view top-rated stocks.

What is Kontoor Brands' stock price forecast for 2023?

4 brokerages have issued 1-year price objectives for Kontoor Brands' shares. Their KTB share price forecasts range from $37.00 to $50.00. On average, they anticipate the company's stock price to reach $42.17 in the next twelve months. This suggests that the stock has a possible downside of 9.0%.
View analysts price targets for KTB
or view top-rated stocks among Wall Street analysts.

How have KTB shares performed in 2023?

Kontoor Brands' stock was trading at $39.99 at the beginning of the year. Since then, KTB stock has increased by 15.9% and is now trading at $46.33.
View the best growth stocks for 2023 here
.

Are investors shorting Kontoor Brands?

Kontoor Brands saw a drop in short interest in December. As of December 30th, there was short interest totaling 4,410,000 shares, a drop of 5.2% from the December 15th total of 4,650,000 shares. Based on an average daily volume of 484,400 shares, the days-to-cover ratio is presently 9.1 days. Approximately 8.1% of the company's stock are sold short.
View Kontoor Brands' Short Interest
.

When is Kontoor Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our KTB earnings forecast
.

How were Kontoor Brands' earnings last quarter?

Kontoor Brands, Inc. (NYSE:KTB) announced its earnings results on Thursday, November, 3rd. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.12. The business had revenue of $606.52 million for the quarter, compared to the consensus estimate of $630.40 million. Kontoor Brands had a net margin of 9.21% and a trailing twelve-month return on equity of 143.05%.

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

Kontoor Brands announced a quarterly dividend on Monday, October 24th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.48 per share on Monday, December 19th. This represents a $1.92 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Thursday, December 8th. This is a boost from the stock's previous quarterly dividend of $0.46.
Read our dividend analysis for KTB
.

Is Kontoor Brands a good dividend stock?

Kontoor Brands (NYSE:KTB) pays an annual dividend of $1.92 per share and currently has a dividend yield of 4.09%. 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 46.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KTB will have a dividend payout ratio of 42.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KTB.

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

Kontoor Brands issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of $4.35-$4.40 for the period, compared to the consensus estimate of $4.20. The company issued revenue guidance of $2.58 billion-$2.58 billion, compared to the consensus revenue estimate of $2.56 billion.

What is Apisak Tantivorawong's approval rating as Kontoor Brands' CEO?

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.

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

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 investors include Comerica Bank (0.16%), New York State Teachers Retirement System (0.12%), State of Alaska Department of Revenue (0.06%), Yousif Capital Management LLC (0.06%), Maryland State Retirement & Pension System (0.04%) and Oregon Public Employees Retirement Fund (0.03%). Insiders that own company stock include Laurel Krueger, Richard Carucci, Susan Denise Sumner and Thomas E Waldron.
View institutional ownership trends
.

How do I buy shares of Kontoor Brands?

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.
Compare Top Brokerages Here.

What is Kontoor Brands' stock price today?

One share of KTB stock can currently be purchased for approximately $46.33.

How much money does Kontoor Brands make?

Kontoor Brands (NYSE:KTB) has a market capitalization of $2.57 billion and generates $2.48 billion in revenue each year. The company earns $195.42 million in net income (profit) each year or $4.14 on an earnings per share basis.

How many employees does Kontoor Brands have?

The company employs 14,000 workers across the globe.

How can I contact Kontoor Brands?

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.

This page (NYSE:KTB) was last updated on 1/30/2023 by MarketBeat.com Staff