Weiss Ratings Reaffirms “Hold (C+)” Rating for Kontoor Brands (NYSE:KTB)

Kontoor Brands (NYSE:KTB)‘s stock had its “hold (c+)” rating reaffirmed by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also issued reports on KTB. Wells Fargo & Company increased their target price on Kontoor Brands from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. The Goldman Sachs Group set a $85.00 price objective on Kontoor Brands and gave the company a “buy” rating in a report on Tuesday, June 10th. Stifel Nicolaus raised their price objective on Kontoor Brands from $72.00 to $73.00 and gave the company a “hold” rating in a report on Friday, August 8th. Wall Street Zen upgraded Kontoor Brands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Barclays restated an “overweight” rating and issued a $91.00 price objective (up previously from $86.00) on shares of Kontoor Brands in a report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Kontoor Brands presently has a consensus rating of “Moderate Buy” and an average target price of $91.33.

Kontoor Brands Trading Up 0.7%

Shares of NYSE:KTB opened at $80.40 on Wednesday. Kontoor Brands has a 1 year low of $50.00 and a 1 year high of $96.80. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The company has a debt-to-equity ratio of 2.74, a current ratio of 2.18 and a quick ratio of 0.95. The business’s 50 day moving average price is $75.28 and its 200-day moving average price is $68.40.

Kontoor Brands (NYSE:KTB) last announced its earnings results on Thursday, August 7th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.35. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The firm had revenue of $658.26 million for the quarter, compared to analyst estimates of $632.97 million. During the same quarter last year, the firm posted $0.98 EPS. The business’s revenue was up 8.5% on a year-over-year basis. Kontoor Brands has set its FY 2025 guidance at 5.450-5.450 EPS. Q3 2025 guidance at 1.350-1.350 EPS. On average, equities research analysts forecast that Kontoor Brands will post 4.82 earnings per share for the current fiscal year.

Institutional Trading of Kontoor Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased 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 worth $38,327,000 after acquiring an additional 10,748 shares during the last quarter. American Century Companies Inc. increased its position in shares of Kontoor Brands by 9.4% during the 1st quarter. American Century Companies Inc. now owns 44,620 shares of the company’s stock worth $2,862,000 after purchasing an additional 3,846 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Kontoor Brands by 5.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,091,445 shares of the company’s stock worth $69,994,000 after purchasing an additional 53,992 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Kontoor Brands during the 1st quarter worth about $306,000. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Kontoor Brands during the 1st quarter worth about $898,000. 93.06% of the stock is owned by institutional investors and hedge funds.

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.