Kontoor Brands, Inc. (NYSE:KTB) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Kontoor Brands, Inc. (NYSE:KTB) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $91.3333.

KTB has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on Kontoor Brands from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings upgraded Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. BTIG Research reiterated a “buy” rating and issued a $100.00 price target on shares of Kontoor Brands in a research note on Friday, May 1st. UBS Group lifted their price target on Kontoor Brands from $118.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company lifted their price target on Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th.

Hedge Funds Weigh In On Kontoor Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund raised its holdings in shares of Kontoor Brands by 89.5% during the third quarter. New York State Common Retirement Fund now owns 32,739 shares of the company’s stock valued at $2,612,000 after buying an additional 15,465 shares during the last quarter. Skba Capital Management LLC raised its holdings in shares of Kontoor Brands by 14.5% during the third quarter. Skba Capital Management LLC now owns 283,891 shares of the company’s stock valued at $22,646,000 after buying an additional 35,980 shares during the last quarter. UBS Group AG raised its holdings in shares of Kontoor Brands by 3.8% during the fourth quarter. UBS Group AG now owns 551,758 shares of the company’s stock valued at $33,707,000 after buying an additional 20,270 shares during the last quarter. Fieldview Capital Management LLC raised its holdings in shares of Kontoor Brands by 50.8% during the third quarter. Fieldview Capital Management LLC now owns 57,491 shares of the company’s stock valued at $4,586,000 after buying an additional 19,363 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in Kontoor Brands by 100.1% during the third quarter. Intech Investment Management LLC now owns 139,122 shares of the company’s stock worth $11,098,000 after purchasing an additional 69,609 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Kontoor Brands Price Performance

Shares of NYSE:KTB opened at $71.50 on Tuesday. The business’s 50 day simple moving average is $70.74 and its 200-day simple moving average is $67.98. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 14.47 and a beta of 0.91. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.87 and a quick ratio of 1.10. Kontoor Brands has a 12 month low of $53.55 and a 12 month high of $87.00.

Kontoor Brands (NYSE:KTB) last posted its earnings results on Thursday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). The company had revenue of $613.32 million during the quarter, compared to analysts’ expectations of $784.76 million. Kontoor Brands had a net margin of 8.30% and a return on equity of 60.17%. Kontoor Brands’s quarterly revenue was up 45.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. As a group, equities analysts forecast that Kontoor Brands will post 5.2 earnings per share for the current fiscal year.

Kontoor Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 8th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, June 8th. Kontoor Brands’s payout ratio is presently 42.91%.

About Kontoor Brands

Kontoor Brands, Inc is a global apparel company best known for its Wrangler and Lee denim and lifestyle brands. Established as an independent, publicly traded company in May 2019 following a spin-off from VF Corporation, Kontoor leverages a legacy that dates back to 1889 with the founding of Lee and to 1947 with the introduction of the Wrangler brand. The company focuses on designing, manufacturing and distributing premium, casual and workwear apparel, including jeans, pants, shorts, shirts, jackets and complementary accessories.

Kontoor Brands operates a diversified sales model that combines wholesale partnerships with leading retailers, distribution through e-commerce channels and select direct-to-consumer formats.