Kontoor Brands (KTB) Stock Price, News & Analysis

Company Overview

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. The company sells its products primarily through mass merchants, specialty stores, mid-tier and traditional department stores, company-operated stores, and online. It operates in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. Kontoor Brands, Inc. was incorporated in 2018 and is headquartered in Greensboro, North Carolina.

Key Stats

• Today's Range: $85.25 to $87.36
• 50-Day Range: $76.56 to $94.15
• 52-Week Range: $52.95 to $94.82
• Volume: 1.25 million shs
• Average Volume: 482,964 shs
• Market Capitalization: $4.82 billion
• P/E Ratio: 19.67
• Dividend Yield: 2.38%
• Price Target: $95.00
• Consensus Rating: Moderate Buy

Kontoor Brands Stock Analysis - MarketRank™

Kontoor Brands scored higher than 80% of companies evaluated by MarketBeat, and ranked 38th out of 287 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Kontoor Brands has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Kontoor Brands has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 9.32%

Earnings Growth

Earnings for Kontoor Brands are expected to grow by 9.32% in the coming year, from $4.83 to $5.28 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Kontoor Brands is 19.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kontoor Brands is 19.67, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.33.

Price to Earnings Growth Ratio

Kontoor Brands has a PEG Ratio of 2.31. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Kontoor Brands has a P/B Ratio of 13.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.37% of the float of Kontoor Brands has been sold short.

Short Interest Ratio / Days to Cover

Kontoor Brands has a short interest ratio ("days to cover") of 8.4.

Change versus previous month

Short interest in Kontoor Brands has recently decreased by 2.27%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Kontoor Brands pays a meaningful dividend of 2.43%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Kontoor Brands does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Kontoor Brands is 46.85%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Kontoor Brands will have a dividend payout ratio of 39.39% next year. This indicates that Kontoor Brands will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.2 / 5
• Environmental Score: -3.60

Percentage of Shares Shorted

6.37% of the float of Kontoor Brands has been sold short.

Short Interest Ratio / Days to Cover

Kontoor Brands has a short interest ratio ("days to cover") of 8.4.

Change versus previous month

Short interest in Kontoor Brands has recently decreased by 2.27%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 1.68

News Sentiment

Kontoor Brands has a news sentiment score of 1.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Kontoor Brands this week, compared to 5 articles on an average week.

Search Interest

2 people have searched for KTB on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Kontoor Brands to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Kontoor Brands insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $10,691,314.00 in company stock.

Percentage Held by Insiders

Only 2.60% of the stock of Kontoor Brands is held by insiders.

Percentage Held by Institutions

93.06% of the stock of Kontoor Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KTB Stock Analysis - Frequently Asked Questions

How have KTB shares performed this year?

Kontoor Brands' stock was trading at $62.42 at the beginning of 2024. Since then, KTB shares have increased by 39.9% and is now trading at $87.35.
View the best growth stocks for 2024 here.

How were Kontoor Brands' earnings last quarter?

Kontoor Brands, Inc. (NYSE:KTB) issued its quarterly earnings results on Thursday, October, 31st. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.11. The company's quarterly revenue was up 2.4% on a year-over-year basis.

Who are Kontoor Brands' major shareholders?

Top institutional investors of Kontoor Brands include PNC Financial Services Group Inc. (15.31%), FMR LLC (5.48%), State Street Corp (4.00%) and Pacer Advisors Inc. (3.16%). Insiders that own company stock include Scott H Baxter, Thomas E Waldron, Christopher Waldeck, Thomas L Doerr Jr and Susan Denise Sumner.
View institutional ownership trends.

How do I buy shares of Kontoor Brands?

Shares of KTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Kontoor Brands own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kontoor Brands investors own include Net Lease Office Properties (NLOP), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Visa (V) and Tesla (TSLA).

Company Calendar

• Last Earnings: 10/31/2024
• Ex-Dividend for 12/19 Dividend: 12/09/2024
• Dividend Payable: 12/19/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Mens' & boy's furnishings, work clothing, & allied garments
• Sub-Industry: N/A
• Current Symbol: NYSE:KTB
• CUSIP: N/A
• CIK: 1760965
• Web: www.kontoorbrands.com
• Phone: (336) 332-3400
• Fax: N/A
• Employees: 13,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $95.00
• High Stock Price Target: $110.00
• Low Stock Price Target: $77.00
• Potential Upside/Downside: +8.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.44
• Trailing P/E Ratio: 19.67
• Forward P/E Ratio: 18.08
• P/E Growth: 2.31
• Net Income: $230.99 million
• Net Margins: 9.72%
• Pretax Margin: 11.30%
• Return on Equity: 73.99%
• Return on Assets: 16.70%

Debt

• Debt-to-Equity Ratio: 2.09
• Current Ratio: 2.50
• Quick Ratio: 1.42

Sales & Book Value

• Annual Sales: $2.58 billion
• Price / Sales: 1.87
• Cash Flow: $5.07 per share
• Price / Cash Flow: 17.22
• Book Value: $6.62 per share
• Price / Book: 13.19

Miscellaneous

• Outstanding Shares: 55,141,000
• Free Float: 53,707,000
• Market Cap: $4.82 billion
• Optionable: Optionable
• Beta: 1.20