Kontoor Brands (NYSE:KTB) Price Target Raised to $95.00

Kontoor Brands (NYSE:KTB) had its price target boosted by The Goldman Sachs Group from $84.00 to $95.00 in a report issued on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

KTB has been the subject of several other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kontoor Brands in a research note on Monday, December 29th. UBS Group raised their target price on shares of Kontoor Brands from $114.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Wall Street Zen cut shares of Kontoor Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Barclays upped their price target on shares of Kontoor Brands from $74.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Stifel Nicolaus increased their price target on shares of Kontoor Brands from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Kontoor Brands Stock Performance

KTB opened at $76.57 on Wednesday. The stock has a market cap of $4.23 billion, a P/E ratio of 18.91 and a beta of 1.15. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.82 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $64.07 and its 200 day simple moving average is $71.87. Kontoor Brands has a 1-year low of $50.00 and a 1-year high of $87.00.

Kontoor Brands (NYSE:KTB) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $975.78 million. Kontoor Brands had a return on equity of 62.02% and a net margin of 7.22%.Kontoor Brands’s revenue was up 45.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 earnings per share. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. As a group, equities analysts anticipate that Kontoor Brands will post 4.82 EPS for the current fiscal year.

Kontoor Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, March 10th. Kontoor Brands’s dividend payout ratio is 52.35%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new stake in Kontoor Brands during the 4th quarter worth approximately $147,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Kontoor Brands by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,136,443 shares of the company’s stock valued at $69,426,000 after acquiring an additional 215,621 shares during the period. Corient Private Wealth LLC raised its stake in shares of Kontoor Brands by 2.8% in the 4th quarter. Corient Private Wealth LLC now owns 10,402 shares of the company’s stock valued at $636,000 after acquiring an additional 280 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Kontoor Brands during the 4th quarter valued at $216,000. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of Kontoor Brands by 6.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 29,164 shares of the company’s stock valued at $1,742,000 after acquiring an additional 1,707 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.