UBS Group Issues Pessimistic Forecast for Kontoor Brands (NYSE:KTB) Stock Price

Kontoor Brands (NYSE:KTB) had its target price reduced by UBS Group from $112.00 to $108.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on KTB. Barclays lifted their price target on shares of Kontoor Brands from $83.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Wells Fargo & Company boosted their price objective on shares of Kontoor Brands from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Guggenheim boosted their price objective on shares of 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 shares of Kontoor Brands from a “buy” rating to a “hold” rating and boosted their price objective 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Kontoor Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.33.

Kontoor Brands Stock Up 0.5 %

Shares of KTB stock opened at $89.72 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09. Kontoor Brands has a 1 year low of $52.95 and a 1 year high of $96.80. The firm’s fifty day moving average price is $87.14 and its two-hundred day moving average price is $82.78. The firm has a market capitalization of $4.95 billion, a P/E ratio of 20.21, a PEG ratio of 2.03 and a beta of 1.19.

Kontoor Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, March 10th. Kontoor Brands’s payout ratio is 46.85%.

Institutional Trading of Kontoor Brands

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vise Technologies Inc. boosted its holdings in shares of Kontoor Brands by 16.5% during the 4th quarter. Vise Technologies Inc. now owns 3,777 shares of the company’s stock worth $323,000 after buying an additional 535 shares during the period. PharVision Advisers LLC bought a new stake in shares of Kontoor Brands during the 4th quarter worth about $249,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kontoor Brands by 16.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 137,148 shares of the company’s stock worth $11,714,000 after buying an additional 18,923 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Kontoor Brands by 161.6% during the 4th quarter. Squarepoint Ops LLC now owns 116,277 shares of the company’s stock worth $9,931,000 after buying an additional 71,830 shares during the period. Finally, Two Sigma Advisers LP bought a new stake in shares of Kontoor Brands during the 4th quarter worth about $401,000. 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.