Wall Street Zen Downgrades Kontoor Brands (NYSE:KTB) to Buy

Kontoor Brands (NYSE:KTB) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Several other analysts have also recently weighed in on KTB. BTIG Research restated a “buy” rating and set a $95.00 price objective on shares of Kontoor Brands in a research report on Tuesday, November 4th. Stifel Nicolaus increased their target price on Kontoor Brands from $73.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. UBS Group lifted their price target on Kontoor Brands from $114.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kontoor Brands in a report on Wednesday, October 8th. Finally, Robert W. Baird initiated coverage on Kontoor Brands in a report on Friday, October 17th. They set an “outperform” rating and a $105.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Kontoor Brands Stock Performance

NYSE:KTB opened at $72.22 on Friday. The stock has a market cap of $4.01 billion, a P/E ratio of 18.61, a PEG ratio of 1.64 and a beta of 1.27. The company has a quick ratio of 0.82, a current ratio of 1.91 and a debt-to-equity ratio of 2.53. The business’s 50-day moving average price is $80.54 and its two-hundred day moving average price is $71.93. Kontoor Brands has a twelve month low of $50.00 and a twelve month high of $96.80.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings data on Monday, November 3rd. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.09. The company had revenue of $853.22 million for the quarter, compared to analysts’ expectations of $879.10 million. Kontoor Brands had a net margin of 7.68% and a return on equity of 63.21%. Kontoor Brands’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 earnings per share. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS. Q4 2025 guidance at 1.640-1.640 EPS. As a group, equities analysts predict that Kontoor Brands will post 4.82 EPS for the current fiscal year.

Institutional Trading of Kontoor Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in Kontoor Brands by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 2,606,199 shares of the company’s stock valued at $207,897,000 after acquiring an additional 53,107 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Kontoor Brands by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,623,778 shares of the company’s stock worth $107,129,000 after purchasing an additional 32,630 shares during the period. Invesco Ltd. lifted its position in shares of Kontoor Brands by 54.2% in the 2nd quarter. Invesco Ltd. now owns 1,241,839 shares of the company’s stock worth $81,924,000 after purchasing an additional 436,246 shares during the period. Northern Trust Corp boosted its stake in shares of Kontoor Brands by 1.0% during the 1st quarter. Northern Trust Corp now owns 1,134,524 shares of the company’s stock valued at $72,757,000 after purchasing an additional 10,847 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in shares of Kontoor Brands by 5.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,091,445 shares of the company’s stock valued at $69,994,000 after buying an additional 53,992 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Kontoor Brands Company Profile

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.