UBS Group Cuts Kontoor Brands (NYSE:KTB) Price Target to $108.00

Kontoor Brands (NYSE:KTB - Get Free Report) had its target price cut by analysts at UBS Group from $112.00 to $108.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's target price would indicate a potential upside of 22.72% from the company's current price.

Several other equities analysts also recently weighed in on KTB. Wells Fargo & Company increased their target price on Kontoor Brands from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Barclays increased their target price on Kontoor Brands from $83.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Guggenheim upped their price target on Kontoor Brands from $80.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus lowered 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 analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $96.33.

Kontoor Brands Trading Down 1.7 %

NYSE KTB traded down $1.52 during trading hours on Tuesday, hitting $88.01. 806,300 shares of the company's stock were exchanged, compared to its average volume of 561,147. The business's 50 day moving average is $87.14 and its 200-day moving average is $82.78. Kontoor Brands has a 12-month low of $52.95 and a 12-month high of $96.80. The firm has a market capitalization of $4.85 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50.

Institutional Investors Weigh In On Kontoor Brands

A number of large investors have recently modified their holdings of the stock. Mendel Money Management grew its stake in shares of Kontoor Brands by 2.8% in the fourth quarter. Mendel Money Management now owns 4,934 shares of the company's stock valued at $421,000 after buying an additional 135 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Kontoor Brands by 3.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,775 shares of the company's stock valued at $408,000 after buying an additional 141 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Kontoor Brands by 14.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,177 shares of the company's stock valued at $101,000 after buying an additional 145 shares in the last quarter. Huntington National Bank grew its stake in shares of Kontoor Brands by 62.4% in the fourth quarter. Huntington National Bank now owns 385 shares of the company's stock valued at $33,000 after buying an additional 148 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Kontoor Brands by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 882 shares of the company's stock valued at $75,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.

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.