Kontoor Brands, Inc. (NYSE:KTB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Kontoor Brands, Inc. (NYSE:KTB) have been given an average recommendation of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $96.33.

Several brokerages have recently issued reports on KTB. Wells Fargo & Company lifted their target price on Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday. Stifel Nicolaus cut Kontoor Brands from a “buy” rating to a “hold” rating and raised their price target for the company from $89.00 to $93.00 in a report on Friday, November 1st. Guggenheim upped their price objective on Kontoor Brands from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group cut their target price on shares of Kontoor Brands from $112.00 to $108.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Barclays boosted their price target on shares of Kontoor Brands from $83.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st.

Kontoor Brands Stock Performance

Shares of NYSE KTB opened at $88.01 on Tuesday. The company has a market cap of $4.85 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.12 and a beta of 1.19. Kontoor Brands has a 52-week low of $52.95 and a 52-week high of $96.80. 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’s fifty day moving average is $87.12 and its two-hundred day moving average is $82.91.

Kontoor Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Monday, March 10th. Kontoor Brands’s dividend payout ratio (DPR) is 46.85%.

Institutional Trading of Kontoor Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HHM Wealth Advisors LLC bought a new position in Kontoor Brands during the fourth quarter valued at $29,000. Northwest Investment Counselors LLC purchased a new position in shares of Kontoor Brands during the 3rd quarter worth about $30,000. Huntington National Bank grew its holdings in Kontoor Brands by 62.4% during the 4th quarter. Huntington National Bank now owns 385 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Kontoor Brands by 242.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 274 shares during the last quarter. Finally, Kennebec Savings Bank purchased a new stake in Kontoor Brands in the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

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.