Kontoor Brands, Inc. (NYSE:KTB - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $91.50.
A number of equities research analysts recently commented on KTB shares. UBS Group decreased their target price on shares of Kontoor Brands from $108.00 to $96.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Wells Fargo & Company decreased 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 report on Thursday. Finally, Barclays reduced their target price on Kontoor Brands from $100.00 to $93.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th.
Check Out Our Latest Analysis on Kontoor Brands
Kontoor Brands Trading Down 0.4 %
Shares of KTB traded down $0.27 during trading hours on Friday, reaching $62.09. 38,232 shares of the company traded hands, compared to its average volume of 480,020. The company has a current ratio of 2.50, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 2.12 and a beta of 1.23. The stock's fifty day moving average price is $80.66 and its 200 day moving average price is $82.39. Kontoor Brands has a 12-month low of $52.95 and a 12-month high of $96.80.
Kontoor Brands (NYSE:KTB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.07. The firm had revenue of $699.00 million during the quarter, compared to analysts' expectations of $698.07 million. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The company's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 EPS. Sell-side analysts forecast that Kontoor Brands will post 4.82 earnings per share for the current year.
Kontoor Brands Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Monday, March 10th. Kontoor Brands's dividend payout ratio is presently 47.60%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in KTB. State Street Corp raised its holdings in Kontoor Brands by 1.2% in the 3rd quarter. State Street Corp now owns 2,205,592 shares of the company's stock valued at $180,373,000 after acquiring an additional 26,759 shares during the last quarter. Pacer Advisors Inc. increased its position in Kontoor Brands by 2.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,786,250 shares of the company's stock worth $152,564,000 after purchasing an additional 44,287 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kontoor Brands by 16.6% during the 4th quarter. Geode Capital Management LLC now owns 1,402,701 shares of the company's stock worth $119,827,000 after buying an additional 199,601 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Kontoor Brands by 11.8% during the 4th quarter. Ameriprise Financial Inc. now owns 1,355,286 shares of the company's stock worth $115,755,000 after buying an additional 142,956 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Kontoor Brands by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,267,431 shares of the company's stock worth $108,252,000 after buying an additional 5,207 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.
Kontoor Brands Company Profile
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Get Free ReportKontoor 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.
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