NYSE:KTBKontoor Brands Stock Price, Forecast & News

Kontoor Brands' stock was trading at $29.53 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, KTB shares have decreased by 25.1% and is now trading at $22.11.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kontoor Brands in the last year. There are currently 2 sell ratings, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Kontoor Brands is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
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Kontoor Brands (NYSE:KTB) released its quarterly earnings data on Thursday, August, 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.41) by $0.19. The business earned $349.30 million during the quarter, compared to the consensus estimate of $292.27 million. Kontoor Brands had a net margin of 0.34% and a return on equity of 734.11%. The firm's quarterly revenue was down 42.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS.
View Kontoor Brands' earnings history.

Kontoor Brands announced a quarterly dividend on Wednesday, February 19th. Investors 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 10.13%. The ex-dividend date of this dividend is Monday, March 9th.
View Kontoor Brands' dividend history.

12 Wall Street analysts have issued 1-year price targets for Kontoor Brands' stock. Their forecasts range from $20.00 to $46.00. On average, they expect Kontoor Brands' share price to reach $27.50 in the next year. This suggests a possible upside of 24.4% from the stock's current price.
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News stories about KTB stock have trended extremely negative this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of 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 -4.1 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days.
View the latest news about Kontoor Brands.

Kontoor Brands saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 8,650,000 shares, a decrease of 12.7% from the April 15th total of 9,910,000 shares. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 7.3 days. Approximately 16.5% of the company's shares are sold short.
View Kontoor Brands' Short Interest.

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).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Kontoor Brands investors own include AT&T (T), VF (VFC), Verizon Communications (VZ), Walt Disney (DIS), NVIDIA (NVDA), AbbVie (ABBV), IBM (IBM), Intel (INTC), Pfizer (PFE) and Gilead Sciences (GILD).

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

Kontoor Brands' stock is owned by a variety of retail and institutional investors. Top institutional investors include PNC Financial Services Group Inc. (19.90%), Frontier Capital Management Co. LLC (1.39%), Victory Capital Management Inc. (1.30%), Jennison Associates LLC (1.25%), Bank of Montreal Can (1.04%) and Bank of New York Mellon Corp (1.03%). Company insiders that own Kontoor Brands stock include Juliana L Chugg, Richard Carucci and Thomas E Waldron.
View institutional ownership trends for Kontoor Brands.

KTB stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Zurcher Kantonalbank Zurich Cantonalbank , Goldman Sachs Group Inc., Prudential Financial Inc., PNC Financial Services Group Inc., ClariVest Asset Management LLC, Northstar Asset Management LLC, and Robecosam AG.
View insider buying and selling activity for Kontoor Brands.

KTB stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Victory Capital Management Inc., Russell Investments Group Ltd., Frontier Capital Management Co. LLC, Bank of Montreal Can, Stormborn Capital Management LLC, Platinum Investment Management Ltd., and Roubaix Capital LLC. 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.

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 $22.11.

Kontoor Brands has a market capitalization of $1.26 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.

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]