According to Bloomberg, the eight rating agencies currently keeping an eye on the stock have recommended “Hold” for the shares of Kontoor Brands, Inc. (NYSE: KTB), which is the company’s stock symbol. One of the analysts has given a buy rating to the stock, even though the investment analysts’ recommendation is to maintain a hold position. Analysts in the preceding year rated the company’s stock, with an average price target of $42.17 per share for the company stock for the subsequent 12 months.
A large number of research companies have recently provided the most up-to-date thoughts that they have on KTB. Goldman Sachs Group increased its price objective for Kontoor Brands from $36.00 to $41.00 following the publication of a research report on December 12th. Despite this change, the firm maintained its “neutral” rating for the company. Barclays decreased their target price for Kontoor Brands from $40.00 to $37.00 in a report released on Monday, November 7th. The firm also rated its shares as “equal weight,” meaning they are of equal value. Wells Fargo & Company downgraded Kontoor Brands from “overweight” to “neutral” in a report released on Wednesday, October 19th. Additionally, the firm decreased its target price from $48.00 to $44.00. The last and most significant modification was made here.
On Thursday, the opening price of a share on the NYSE KTB was $46.29 per share. The current market value of the company’s stock is $2.57 billion, and the share price-to-earnings ratio is 11.18. Both its P/E/G ratio and its beta value come in at 1.14, and its beta value is 1.14. The ratio of current assets to current liabilities is 2.12, while the ratio of quick assets to current liabilities is 0.78. The ratio of debt to equity is 3.96. The low point for Kontoor Brands over the past year was $30.98, while the company’s high point over the past year was $51.85. (Both prices are in USD). The stock price is currently trading at a moving average for the past 50 days, $42.25, and the moving average for the past 200 days is $38.57.
The most recent quarterly earnings report for Kontoor Brands, published on November 3rd and found on the NYSE under the ticker symbol “KTB,” was released in the previous month. Earnings per share for the company came in at $1.11 for the quarter, which was $0.12 higher than the average estimate of $0.99 that industry analysts released in the previous month. Earnings per share for the company came in at $1.11 for the quarter, which was $0.12 higher than the average estimate of $0.99 that industry analysts made. The sales for the company came in at $606.52 million for the quarter, which is a number that is significantly lower than the $630.40 million that analysts predicted it would bring in. The return on equity for Kontoor Brands was 143.05 percent, and the company had a net margin of 9.21%. Sell-side analysts predict that Kontoor Brands will generate an average profit of $4.39 per share during the current fiscal year, a significant increase from the company’s previous earnings per share.
Additionally, on December 19th, the company announced and distributed a quarterly dividend, which was paid out on the same day it was announced. On Friday, December 9th, dividend payments were made to shareholders whose information was already on record for $0.48 each. As of December 8th, it was considered that this dividend had been paid out in its entirety. Because of this, the dividend yield ends up being 4.15 percent, and the annual dividend payment ends up being 1.92 dollars. The dividend paid out by Kontoor Brands every quarter is now $0.46 more than previously. The payout ratio for Kontoor Brands is currently sitting at 46.38 percent as of right now.
Hedge funds have recently altered how they keep their positions in the company to better suit their needs. The value of Advisor Group Holdings Inc.’s holdings in Kontoor Brands increased by 7.3% over the first three months of the year. After purchasing an additional 418 shares during the most recent quarter, Advisor Group Holdings Inc. now has 6,135 shares. Based on the current market price, these shares are worth $295,000. Raymond James & Associates increased the amount of Kontoor Brands stock owned by 8.1% during the first three months of 2018. Raymond James & Associates now has 24,441 shares, valued at $1,011,000, after purchasing an additional 1,821 shares during the period in question. Raymond James Financial Services Advisors Inc. increased the amount of Kontoor Brands stock owned by 4.3% over the first three months of 2018. Following the acquisition of an additional 439 shares, Raymond James Financial Services Advisors Inc. now has 10,700 shares of the company’s stock in its possession. Given the current price of the company’s shares, this results in a total market value for the business of 422,000 dollars. Citigroup, Inc. increased its holdings in Kontoor Brands by 3.5% during the first three months of 2018. Citigroup Inc. now has a total of 45,858 shares after purchasing an additional 1,561 shares during the most recent period. The combined value of all Citigroup Inc.’s company shares is currently $1,895,000. Last but not least, during the first three months of 2018, the percentage of Kontoor Brands stock owned by the Bank of Montreal increased by 2.1%. After purchasing an additional 362 shares during the period, Bank of Montreal has a total ownership stake in the company equal to 17,999 shares, currently valued at $771,000.
Wrangler, Lee, and Rock & Republic are the three brands Kontoor Brands, Inc. uses to sell its products. Kontoor Brands, Inc. focuses on the lifestyle apparel market. The company is active not only in the United States of America but also in other countries, where it designs, manufactures, buys, sells, and distributes denim, clothing, and accessories. There is a split into two halves, respectively referred to as Lee and Wrangler. The vast majority of the company’s products are offered for sale offline in addition to being sold online. These products can be purchased in stores owned and operated by the company, in specialty stores, in traditional and mid-tier department stores, and mass merchants.