Kontoor Brands, Inc. (NYSE:KTB) Receives $96.00 Consensus Price Target from Brokerages

Kontoor Brands, Inc. (NYSE:KTB) has earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $96.00.

Several equities research analysts have issued reports on the company. UBS Group increased their target price on Kontoor Brands from $114.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Baird R W raised Kontoor Brands to a “strong-buy” rating in a report on Friday, October 17th. Barclays increased their target price on shares of Kontoor Brands from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kontoor Brands in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Kontoor Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th.

Kontoor Brands Trading Up 1.6%

Shares of Kontoor Brands stock opened at $74.03 on Friday. The stock has a market capitalization of $4.12 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.66 and a beta of 1.27. Kontoor Brands has a 52-week low of $50.00 and a 52-week high of $96.80. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.82 and a current ratio of 1.91. The stock’s 50-day simple moving average is $80.02 and its 200 day simple moving average is $72.09.

Kontoor Brands (NYSE:KTB) last posted its earnings results 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 firm had revenue of $853.22 million during the quarter, compared to the consensus estimate of $879.10 million. Kontoor Brands had a net margin of 7.68% and a return on equity of 63.21%. The company’s revenue was up 27.3% on a year-over-year basis. During the same quarter last year, the company 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, research analysts anticipate that Kontoor Brands will post 4.82 EPS for the current year.

Kontoor Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Monday, December 8th will be paid a $0.53 dividend. This is an increase from Kontoor Brands’s previous quarterly dividend of $0.52. This represents a $2.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 8th. Kontoor Brands’s payout ratio is 53.61%.

Hedge Funds Weigh In On Kontoor Brands

A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in shares of Kontoor Brands by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 597,638 shares of the company’s stock valued at $38,327,000 after purchasing an additional 10,748 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Kontoor Brands in the first quarter worth $898,000. American Century Companies Inc. boosted its position in Kontoor Brands by 9.4% during the first quarter. American Century Companies Inc. now owns 44,620 shares of the company’s stock valued at $2,862,000 after buying an additional 3,846 shares during the period. EP Wealth Advisors LLC purchased a new stake in Kontoor Brands during the first quarter valued at about $306,000. Finally, Fuller & Thaler Asset Management Inc. grew its stake 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 last quarter. Institutional investors own 93.06% of the company’s stock.

About Kontoor Brands

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.