Kontoor Brands, Inc. (NYSE:KTB) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Kontoor Brands, Inc. (NYSE:KTB - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $91.50.

Several equities analysts have recently commented on the stock. UBS Group lowered their price objective on shares of Kontoor Brands from $108.00 to $96.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Wells Fargo & Company lowered their price objective on shares of Kontoor Brands from $100.00 to $90.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Barclays lowered their price objective on shares of Kontoor Brands from $100.00 to $93.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th.

Hedge Funds Weigh In On Kontoor Brands

Institutional investors have recently bought and sold shares of the stock. HHM Wealth Advisors LLC bought a new position in shares of Kontoor Brands during the fourth quarter valued at approximately $29,000. Farther Finance Advisors LLC increased its stake in shares of Kontoor Brands by 242.5% during the third quarter. Farther Finance Advisors LLC now owns 387 shares of the company's stock valued at $32,000 after purchasing an additional 274 shares in the last quarter. Huntington National Bank increased its stake in shares of Kontoor Brands by 62.4% during the fourth quarter. Huntington National Bank now owns 385 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares in the last quarter. Fortitude Family Office LLC increased its stake in shares of Kontoor Brands by 407.3% during the fourth quarter. Fortitude Family Office LLC now owns 416 shares of the company's stock valued at $36,000 after purchasing an additional 334 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Kontoor Brands by 229.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 722 shares of the company's stock valued at $62,000 after purchasing an additional 503 shares in the last quarter. 93.06% of the stock is owned by institutional investors.

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Kontoor Brands Trading Up 4.5 %

NYSE KTB traded up $2.70 during trading on Friday, hitting $62.21. 1,056,790 shares of the company's stock traded hands, compared to its average volume of 481,707. The stock has a fifty day moving average of $80.66 and a two-hundred day moving average of $82.33. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.50 and a quick ratio of 1.42. Kontoor Brands has a 12-month low of $52.95 and a 12-month high of $96.80. The firm has a market cap of $3.44 billion, a P/E ratio of 14.01, a PEG ratio of 2.12 and a beta of 1.23.

Kontoor Brands (NYSE:KTB - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.31 by $0.07. The firm had revenue of $699.00 million during the quarter, compared to the consensus estimate of $698.07 million. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 earnings per share. As a group, sell-side analysts expect that Kontoor Brands will post 4.82 EPS for the current year.

Kontoor Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Monday, March 10th. Kontoor Brands's payout ratio is currently 47.60%.

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.