NYSE:KTB - Kontoor 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 33.1% and is now trading at $19.75. View which stocks have been mosted impacted by Coronavirus.

11 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 4 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, June 18th 2020. View our earnings forecast for Kontoor Brands.

Kontoor Brands (NYSE:KTB) released its earnings results on Thursday, March, 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.92 by $0.05. The company earned $652.60 million during the quarter, compared to the consensus estimate of $683.26 million. Kontoor Brands had a return on equity of 46.77% and a net margin of 3.79%. The firm's quarterly revenue was down 10.1% compared to the same quarter last year. View Kontoor Brands' earnings history.

Kontoor Brands declared a quarterly dividend on Wednesday, February 19th. Stockholders 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 11.34%. The ex-dividend date of this dividend 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 earnings per share guidance of $3.55-3.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.57.

11 equities research analysts have issued 1-year price objectives for Kontoor Brands' stock. Their forecasts range from $7.50 to $46.00. On average, they expect Kontoor Brands' stock price to reach $29.94 in the next twelve months. This suggests a possible upside of 51.6% from the stock's current price. View analysts' price targets for Kontoor Brands.

Headlines about KTB stock have been trending very positive on Monday, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Kontoor Brands earned a news impact score of 4.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutKontoor Brands.

Kontoor Brands saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 9,576,500 shares, a drop of 5.1% from the February 27th total of 10,090,000 shares. Based on an average trading volume of 587,400 shares, the short-interest ratio is presently 16.3 days. Approximately 18.2% of the company's stock are sold short. View Kontoor Brands' Current Options Chain.

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

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), Gilead Sciences (GILD), Intel (INTC), NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS) and IBM (IBM).

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. (19.94%), State Street Corp (15.41%), Capital World Investors (11.84%), Bank of New York Mellon Corp (1.78%), Janus Henderson Group PLC (1.54%) and Geode Capital Management LLC (1.03%). 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 PNC Financial Services Group Inc., Alliancebernstein L.P., Capital World Investors, CNH Partners LLC, FMR LLC, Bank of America Corp DE, Jennison Associates LLC, and Los Angeles Capital Management & Equity Research Inc.. 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, Norges Bank, Nicholas Investment Partners LP, Janus Henderson Group PLC, M&G Investment Management Ltd., Goldman Sachs Group Inc., Bank of Montreal Can, and Covenant Multifamily Offices LLC. 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 $19.75.

Kontoor Brands has a market capitalization of $1.13 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. View additional information about Kontoor Brands.

The official website for Kontoor Brands is http://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]