Kontoor Brands (NYSE:KTB) Sets New 1-Year Low - Should You Sell?

Kontoor Brands, Inc. (NYSE:KTB - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $51.75 and last traded at $52.20, with a volume of 1225745 shares changing hands. The stock had previously closed at $56.08.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays reduced 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. UBS Group decreased their price objective on Kontoor Brands from $108.00 to $96.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Stifel Nicolaus dropped their target price on Kontoor Brands from $83.00 to $72.00 and set a "hold" rating for the company in a report on Thursday. Finally, Wells Fargo & Company decreased their price target on Kontoor Brands from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

Kontoor Brands Stock Up 0.3 %

The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 2.12 and a beta of 0.93. The firm has a fifty day moving average price of $68.56 and a 200 day moving average price of $80.15. The company has a current ratio of 2.50, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09.

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Kontoor Brands (NYSE:KTB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, topping 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 company had revenue of $699.00 million for the quarter, compared to analyst estimates of $698.07 million. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The business's revenue was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Kontoor Brands, Inc. will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a dividend of $0.52 per share. The ex-dividend date was Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.63%. Kontoor Brands's payout ratio is 47.60%.

Institutional Trading of Kontoor Brands

Hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC boosted its position in Kontoor Brands by 35.6% in the 3rd quarter. HighTower Advisors LLC now owns 6,097 shares of the company's stock valued at $497,000 after buying an additional 1,602 shares during the last quarter. Barclays PLC lifted its stake in shares of Kontoor Brands by 316.3% during the third quarter. Barclays PLC now owns 101,522 shares of the company's stock valued at $8,303,000 after acquiring an additional 77,137 shares during the period. Geode Capital Management LLC boosted its holdings in Kontoor Brands by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,203,100 shares of the company's stock valued at $98,409,000 after acquiring an additional 15,058 shares during the last quarter. TD Private Client Wealth LLC increased its position in Kontoor Brands by 35.7% in the third quarter. TD Private Client Wealth LLC now owns 1,594 shares of the company's stock worth $130,000 after purchasing an additional 419 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Kontoor Brands during the 3rd quarter worth about $332,000. 93.06% of the stock is owned by institutional investors.

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.