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.

1.3 Analyst's Opinion

Consensus Rating
Kontoor Brands has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 8 buy ratings, 2 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $31.33, Kontoor Brands has a forecasted downside of 25.9% from its current price of $42.28.
Amount of Analyst Coverage
Kontoor Brands has only been the subject of 3 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Kontoor Brands has received 48 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Kontoor Brands has received 66 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Kontoor Brands has received 57.89% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Kontoor Brands and other stocks. Vote “Outperform” if you believe KTB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe KTB will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Kontoor Brands pays a meaningful dividend of 3.71%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Kontoor Brands does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Kontoor Brands is 41.67%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Kontoor Brands will have a dividend payout ratio of 47.48% next year. This indicates that Kontoor Brands will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Kontoor Brands insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.90% of the stock of Kontoor Brands is held by insiders.
Percentage Held by Institutions
85.07% of the stock of Kontoor Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Kontoor Brands are expected to grow by 42.80% in the coming year, from $2.36 to $3.37 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Kontoor Brands is 45.96, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Kontoor Brands is 45.96, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 57.04.
Price to Earnings Growth Ratio
Kontoor Brands has a PEG Ratio of 4.59. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Kontoor Brands has a P/B Ratio of 93.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.00 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Mens' & boy's furnishings, work clothing, & allied garments

Sub-IndustryN/A

SectorConsumer Discretionary

Current SymbolNYSE:KTB

Previous Symbol

CUSIPN/A

CIK1760965

Webwww.kontoorbrands.com

Phone336-332-3400

Employees15,100

Debt

Debt-to-Equity Ratio39.25

Current Ratio2.21

Quick Ratio1.27

Price-To-Earnings

Trailing P/E Ratio45.96

Forward P/E Ratio17.92

P/E Growth4.59

Sales & Book Value

Annual Sales$2.55 billion

Price / Sales0.95

Cash Flow$4.83 per share

Price / Cash Flow8.75

Book Value$0.45 per share

Price / Book93.96

Profitability

EPS (Most Recent Fiscal Year)$3.84

Net Income$96.65 million

Net Margins2.56%

Return on Equity1,685.31%

Return on Assets8.07%

Miscellaneous

Outstanding Shares57,205,000

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?

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