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

Shares of Kontoor Brands, Inc. (NYSE:KTB) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $88.00.

KTB has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on Kontoor Brands from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Stifel Nicolaus dropped their price target on shares of Kontoor Brands from $83.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. UBS Group cut their price target on shares of Kontoor Brands from $108.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, Barclays decreased their price objective on shares of Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of Kontoor Brands in the third quarter valued at about $332,000. Principal Financial Group Inc. boosted its stake in Kontoor Brands by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 261,022 shares of the company’s stock valued at $22,294,000 after purchasing an additional 7,445 shares during the period. Janus Henderson Group PLC grew its holdings in Kontoor Brands by 31.4% in the 3rd quarter. Janus Henderson Group PLC now owns 47,474 shares of the company’s stock valued at $3,883,000 after buying an additional 11,337 shares during the last quarter. Fortitude Family Office LLC increased its position in Kontoor Brands by 407.3% in the 4th quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock worth $36,000 after buying an additional 334 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Kontoor Brands by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 697,326 shares of the company’s stock valued at $59,559,000 after acquiring an additional 35,932 shares during the period. Institutional investors own 93.06% of the company’s stock.

Kontoor Brands Trading Down 1.0 %

Shares of NYSE:KTB opened at $55.46 on Wednesday. The firm has a fifty day moving average of $67.27 and a two-hundred day moving average of $79.79. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. Kontoor Brands has a 12-month low of $50.00 and a 12-month high of $96.80. The firm has a market capitalization of $3.07 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data on Tuesday, February 25th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. The firm had revenue of $699.00 million during the quarter, compared to analysts’ expectations of $698.07 million. During the same quarter last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts expect that Kontoor Brands will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Monday, March 10th. Kontoor Brands’s dividend payout ratio is currently 47.60%.

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.