Barclays Issues Positive Forecast for Kontoor Brands (NYSE:KTB) Stock Price

Kontoor Brands (NYSE:KTBFree Report) had its target price increased by Barclays from $74.00 to $93.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms also recently weighed in on KTB. Weiss Ratings reissued a “hold (c)” rating on shares of Kontoor Brands in a research note on Monday, December 29th. UBS Group boosted their target price on Kontoor Brands from $114.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Jefferies Financial Group initiated coverage on Kontoor Brands in a research report on Wednesday, February 4th. They set a “hold” rating and a $65.00 price target on the stock. BTIG Research boosted their price objective on Kontoor Brands from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wall Street Zen lowered Kontoor Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.00.

View Our Latest Report on KTB

Kontoor Brands Stock Down 0.1%

Shares of KTB opened at $78.14 on Wednesday. Kontoor Brands has a 1 year low of $50.00 and a 1 year 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 0.82. The stock has a 50 day simple moving average of $63.47 and a two-hundred day simple moving average of $71.78. The firm has a market cap of $4.34 billion, a P/E ratio of 19.29 and a beta of 1.15.

Kontoor Brands (NYSE:KTBGet Free Report) last posted 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 the consensus estimate of $975.78 million. During the same period last year, the firm posted $1.38 earnings per share. The business’s revenue 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. On average, analysts forecast that Kontoor Brands will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, March 10th. This represents a $2.12 annualized dividend and a dividend yield of 2.7%. Kontoor Brands’s payout ratio is currently 54.64%.

Hedge Funds Weigh In On Kontoor Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in KTB. Harbor Capital Advisors Inc. grew its position in shares of Kontoor Brands by 73.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 308 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the period. CWM LLC grew its holdings in Kontoor Brands by 4.0% in the third quarter. CWM LLC now owns 4,069 shares of the company’s stock worth $325,000 after purchasing an additional 157 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Kontoor Brands by 12.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,436 shares of the company’s stock valued at $88,000 after purchasing an additional 157 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Kontoor Brands by 9.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,795 shares of the company’s stock valued at $110,000 after purchasing an additional 162 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Kontoor Brands by 1.8% in the 4th quarter. Bank of Montreal Can now owns 9,297 shares of the company’s stock worth $568,000 after purchasing an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Key Headlines Impacting Kontoor Brands

Here are the key news stories impacting Kontoor Brands this week:

About Kontoor Brands

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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.

Further Reading

Analyst Recommendations for Kontoor Brands (NYSE:KTB)

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