Free Trial

Kontoor Brands (NYSE:KTB) Shares Down 6.7% - Time to Sell?

Kontoor Brands logo with Consumer Discretionary background

Kontoor Brands, Inc. (NYSE:KTB - Get Free Report) shares traded down 6.7% on Monday . The company traded as low as $86.16 and last traded at $85.67. 115,104 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 431,573 shares. The stock had previously closed at $91.85.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group raised their target price on shares of Kontoor Brands from $103.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Barclays raised their price objective on Kontoor Brands from $83.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Guggenheim boosted their target price on Kontoor Brands from $80.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Wells Fargo & Company raised their price target on Kontoor Brands from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus cut shares of Kontoor Brands from a "buy" rating to a "hold" rating and upped their price target for the stock from $89.00 to $93.00 in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Kontoor Brands presently has a consensus rating of "Moderate Buy" and an average price target of $95.00.

Read Our Latest Report on KTB

Kontoor Brands Trading Down 0.7 %

The stock has a fifty day simple moving average of $88.44 and a 200 day simple moving average of $81.65. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50. The firm has a market cap of $4.83 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 2.18 and a beta of 1.19.

Institutional Investors Weigh In On Kontoor Brands

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Kontoor Brands during the 4th quarter valued at about $6,314,000. Dana Investment Advisors Inc. bought a new position in Kontoor Brands during the fourth quarter valued at approximately $654,000. Charles Schwab Investment Management Inc. lifted its position in Kontoor Brands by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 697,326 shares of the company's stock valued at $59,559,000 after purchasing an additional 35,932 shares during the period. Jones Financial Companies Lllp boosted its holdings in Kontoor Brands by 65.5% in the fourth quarter. Jones Financial Companies Lllp now owns 47,662 shares of the company's stock worth $4,071,000 after purchasing an additional 18,861 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Kontoor Brands by 206.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,560 shares of the company's stock worth $133,000 after purchasing an additional 1,051 shares during the period. 93.06% of the stock is currently owned by institutional investors.

About Kontoor Brands

(Get Free Report)

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.

See Also

Should You Invest $1,000 in Kontoor Brands Right Now?

Before you consider Kontoor Brands, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kontoor Brands wasn't on the list.

While Kontoor Brands currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings: Will it Spark a Rally or Trigger a Sell-Off?
Marjorie Taylor Greene Bought THOUSANDS in Tesla Stock
The EXACT Date of Next Stock Market Crash

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines