Kontoor Brands (NYSE:KTB) Updates FY 2026 Earnings Guidance

Kontoor Brands (NYSE:KTB) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 5.250-5.350 for the period, compared to the consensus earnings per share estimate of 5.220. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KTB. JPMorgan Chase & Co. lifted their target price on Kontoor Brands from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of Kontoor Brands in a report on Friday, May 1st. Weiss Ratings lowered Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Barclays increased their target price on Kontoor Brands from $93.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Zacks Research raised shares of Kontoor Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.70.

Kontoor Brands Stock Down 3.0%

Shares of Kontoor Brands stock opened at $74.86 on Wednesday. The business has a 50-day moving average price of $81.20 and a 200 day moving average price of $73.24. Kontoor Brands has a fifty-two week low of $56.19 and a fifty-two week high of $88.96. The firm has a market cap of $4.14 billion, a P/E ratio of 15.15 and a beta of 0.88. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 1.83.

Kontoor Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 8th. Kontoor Brands’s payout ratio is 42.91%.

Insider Activity

In related news, EVP Jennifer H. Broyles sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $81.02, for a total transaction of $324,080.00. Following the sale, the executive vice president directly owned 40,261 shares of the company’s stock, valued at approximately $3,261,946.22. This represents a 9.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Kontoor Brands

A number of institutional investors and hedge funds have recently modified their holdings of KTB. Parkside Financial Bank & Trust lifted its stake in shares of Kontoor Brands by 12.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,436 shares of the company’s stock valued at $88,000 after buying an additional 157 shares during the period. Bank of Montreal Can grew its position in Kontoor Brands by 1.8% during the fourth quarter. Bank of Montreal Can now owns 9,297 shares of the company’s stock worth $568,000 after buying an additional 164 shares in the last quarter. Stifel Financial Corp increased its stake in Kontoor Brands by 0.8% during the fourth quarter. Stifel Financial Corp now owns 24,710 shares of the company’s stock valued at $1,510,000 after acquiring an additional 199 shares during the period. Corient Private Wealth LLC increased its stake in Kontoor Brands by 2.8% during the fourth quarter. Corient Private Wealth LLC now owns 10,402 shares of the company’s stock valued at $636,000 after acquiring an additional 280 shares during the period. Finally, Transamerica Financial Advisors LLC raised its holdings in Kontoor Brands by 335.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 405 shares of the company’s stock valued at $25,000 after acquiring an additional 312 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

About Kontoor Brands

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.