Kontoor Brands, Inc. (NYSE:KTB) Receives $91.00 Average Price Target from Brokerages

Shares of Kontoor Brands, Inc. (NYSE:KTB) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $91.00.

KTB has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on Kontoor Brands from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. BTIG Research increased their price target on Kontoor Brands from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Barclays raised their price objective on Kontoor Brands from $74.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Weiss Ratings restated a “hold (c)” rating on shares of Kontoor Brands in a report on Monday, December 29th. Finally, Wells Fargo & Company upped their target price on Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th.

Kontoor Brands Trading Up 1.6%

NYSE:KTB opened at $67.43 on Thursday. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 16.65 and a beta of 1.15. The firm has a fifty day simple moving average of $64.76 and a two-hundred day simple moving average of $71.63. Kontoor Brands has a 12 month low of $50.00 and a 12 month high of $87.00.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.08. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $975.78 million. Kontoor Brands had a net margin of 7.22% and a return on equity of 62.02%. The business’s quarterly revenue was up 45.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.38 earnings per share. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. Analysts expect that Kontoor Brands will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, March 10th. Kontoor Brands’s payout ratio is 52.35%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in shares of Kontoor Brands by 29.1% during the first quarter. Royal Bank of Canada now owns 105,895 shares of the company’s stock worth $6,793,000 after acquiring an additional 23,880 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Kontoor Brands by 49.3% in the 1st quarter. AQR Capital Management LLC now owns 14,641 shares of the company’s stock worth $939,000 after acquiring an additional 4,836 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Kontoor Brands by 250.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,388 shares of the company’s stock valued at $602,000 after acquiring an additional 6,712 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kontoor Brands by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,779 shares of the company’s stock valued at $2,102,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Kontoor Brands by 222.5% during the 1st quarter. Millennium Management LLC now owns 156,332 shares of the company’s stock valued at $10,026,000 after purchasing an additional 107,855 shares during the last quarter. 93.06% of the stock is owned by 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.