Analysts Set Kontoor Brands, Inc. (NYSE:KTB) Price Target at $95.00

Kontoor Brands, Inc. (NYSE:KTB) has been given an average rating of “Moderate Buy” by the twelve brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $95.00.

KTB has been the topic of a number of research analyst reports. Zacks Research raised shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, July 9th. Barclays lifted their price objective on shares of Kontoor Brands from $96.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. upped their target price on shares of Kontoor Brands from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Wall Street Zen cut Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, BTIG Research raised their price target on Kontoor Brands from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, August 14th.

Kontoor Brands Stock Down 0.2%

Shares of NYSE KTB opened at $73.49 on Thursday. Kontoor Brands has a 12 month low of $56.19 and a 12 month high of $88.96. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 15.34 and a beta of 0.87. The business has a 50-day moving average of $82.13 and a 200-day moving average of $75.19.

Kontoor Brands (NYSE:KTB) last announced its earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The business had revenue of $584.29 million for the quarter, compared to the consensus estimate of $586.95 million. During the same period last year, the firm posted $1.33 earnings per share. Kontoor Brands’s quarterly revenue was down 11.2% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. Sell-side analysts expect that Kontoor Brands will post 5.27 earnings per share for the current fiscal year.

Kontoor Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 8th. Kontoor Brands’s dividend payout ratio is presently 44.26%.

Insider Activity

In related news, EVP Thomas Doerr, Jr. sold 7,660 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $83.43, for a total transaction of $639,073.80. Following the transaction, the executive vice president directly owned 25,063 shares of the company’s stock, valued at approximately $2,091,006.09. This trade represents a 23.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jennifer Broyles sold 4,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $81.02, for a total value of $324,080.00. Following the transaction, the executive vice president directly owned 40,261 shares in the company, valued at approximately $3,261,946.22. This represents a 9.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 196,063 shares of company stock worth $16,342,364. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KTB. UBS Group AG grew its holdings in shares of Kontoor Brands by 3.8% during the 4th quarter. UBS Group AG now owns 551,758 shares of the company’s stock valued at $33,707,000 after purchasing an additional 20,270 shares during the last quarter. AMG National Trust Bank bought a new stake in Kontoor Brands in the second quarter worth $8,877,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Kontoor Brands during the first quarter valued at about $1,918,000. BlackRock Inc. bought a new position in shares of Kontoor Brands during the second quarter valued at about $674,664,000. Finally, Fifth Third Bancorp grew its stake in shares of Kontoor Brands by 5,635.9% during the first quarter. Fifth Third Bancorp now owns 82,826 shares of the company’s stock valued at $5,822,000 after buying an additional 81,382 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Kontoor Brands Company Profile

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.