Kontoor Brands, Inc. (NYSE:KTB) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Kontoor Brands, Inc. (NYSE:KTB) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat reports. One 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 12 month price target among brokers that have updated their coverage on the stock in the last year is $91.00.

KTB has been the topic of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of Kontoor Brands in a research note on Wednesday, February 4th. They issued a “hold” rating and a $65.00 price objective on the stock. UBS Group lifted their price objective on shares of Kontoor Brands from $118.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. BTIG Research lifted their price objective on shares of Kontoor Brands from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Barclays lifted their price objective on shares of Kontoor Brands from $74.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Kontoor Brands from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KTB. Royal Bank of Canada increased its stake in Kontoor Brands by 29.1% in the first quarter. Royal Bank of Canada now owns 105,895 shares of the company’s stock valued at $6,793,000 after purchasing an additional 23,880 shares during the period. AQR Capital Management LLC increased its stake in shares of Kontoor Brands by 49.3% during the first 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 period. Integrated Wealth Concepts LLC increased its stake in shares of Kontoor Brands by 250.8% during the first quarter. Integrated Wealth Concepts LLC now owns 9,388 shares of the company’s stock worth $602,000 after acquiring an additional 6,712 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kontoor Brands by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,779 shares of the company’s stock worth $2,102,000 after acquiring an additional 1,432 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Kontoor Brands by 222.5% during the first quarter. Millennium Management LLC now owns 156,332 shares of the company’s stock worth $10,026,000 after acquiring an additional 107,855 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Kontoor Brands Price Performance

Shares of NYSE:KTB opened at $72.02 on Monday. The company’s fifty day moving average price is $68.65 and its 200 day moving average price is $70.09. Kontoor Brands has a 12 month low of $53.15 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.82 and a quick ratio of 0.87. The firm has a market capitalization of $3.98 billion, a P/E ratio of 17.78 and a beta of 1.05.

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

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were paid a $0.53 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $2.12 dividend on an annualized basis and a yield of 2.9%. Kontoor Brands’s payout ratio is currently 52.35%.

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.