Kontoor Brands (NYSE:KTB) Rating Increased to Hold at Zacks Research

Kontoor Brands (NYSE:KTB) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other research analysts have also recently commented on KTB. Wall Street Zen cut shares of Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Barclays raised their price target on shares of Kontoor Brands from $93.00 to $96.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Weiss Ratings downgraded shares of Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. BTIG Research reiterated a “buy” rating and issued a $100.00 price objective on shares of Kontoor Brands in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Kontoor Brands in a research report on Monday, June 8th. They issued an “overweight” rating and a $90.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Kontoor Brands presently has an average rating of “Moderate Buy” and a consensus target price of $91.20.

Kontoor Brands Price Performance

KTB stock opened at $85.69 on Thursday. The firm has a market cap of $4.74 billion, a P/E ratio of 17.35 and a beta of 0.87. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.10 and a current ratio of 1.87. Kontoor Brands has a 1 year low of $53.55 and a 1 year high of $88.85. The stock has a 50-day simple moving average of $75.14 and a 200-day simple moving average of $69.68.

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

Insider Buying and Selling

In other Kontoor Brands news, EVP Jennifer H. Broyles sold 4,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $81.02, for a total transaction of $324,080.00. Following the transaction, the executive vice president directly owned 40,261 shares in the company, valued at $3,261,946.22. This represents a 9.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kontoor Brands

Institutional investors have recently modified their holdings of the stock. Transamerica Financial Advisors LLC lifted its position in shares of Kontoor Brands by 335.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock worth $25,000 after purchasing an additional 312 shares during the last quarter. Torren Management LLC bought a new stake in Kontoor Brands in the fourth quarter valued at about $27,000. Private Trust Co. NA acquired a new stake in Kontoor Brands during the fourth quarter valued at approximately $31,000. Hantz Financial Services Inc. lifted its holdings in Kontoor Brands by 196.2% during the 4th quarter. Hantz Financial Services Inc. now owns 551 shares of the company’s stock worth $34,000 after buying an additional 365 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in Kontoor Brands during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.