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.
Check Out Our Latest Stock Report on Kontoor Brands
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.
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
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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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