Kontoor Brands, Inc., a lifestyle apparel company, designs, manufactures, procures, markets, and distributes apparel under the Wrangler and Lee brands in the United States and internationally. The company sells its products primarily through mass and mid-tier retailers, specialty stores, department stores, and retailer-owned and third-party e-commerce sites, as well as through direct-to-consumer channels, including full-price and outlet stores, and its websites. As of January 2, 2021, it operated 86 retail stores across 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.
IPO Year: 2019
Exchange: NYSE
Website: kontoorbrands.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $89.00 → $93.00 | Buy → Hold | Stifel |
| 1/26/2024 | Buy → Hold | Edward Jones | |
| 11/6/2023 | $47.00 → $59.00 | Equal Weight → Overweight | Barclays |
| 10/19/2023 | $51.00 → $56.00 | Neutral → Buy | Goldman |
| 3/1/2023 | $44.00 → $63.00 | Hold → Buy | Stifel |
| 7/11/2022 | $40.00 | Overweight | Wells Fargo |
| 6/10/2022 | $55.00 → $41.00 | Buy → Neutral | Goldman |
| 6/8/2022 | $53.00 → $40.00 | Overweight → Equal Weight | Barclays |
| 11/5/2021 | $86.00 → $87.00 | Overweight | Barclays |
| 7/14/2021 | $69.00 | Buy | Goldman Sachs |
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced plans to release its first quarter 2025 financial results on Tuesday, May 6, 2025, at approximately 6:50 a.m. ET. Following the news release, Kontoor management will host a conference call at approximately 8:30 a.m. ET to review results. The conference call will be broadcast live and accessible at kontoorbrands.com/investors. For those unable to listen to the live broadcast, an archived version will be available at the same location. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global lifestyle appare
A Two-Part Drop Inspired by Survival, Resilience, and the American Spirit Iconic denim brand Wrangler® is collaborating with Sony Pictures Consumer Products for an epic collaboration around the new season of hit HBO® series The Last of Us that blends rugged Americana style with the enduring spirit of the show, which is based on the acclaimed video game franchise developed by Naughty Dog for the PlayStation® consoles. Inspired by the journey of Joel, Ellie, and the resilient survivors of The Last of Us, this highly anticipated, all-gender collection will launch in two drops, delivering durable, story-driven pieces. This press release features multimedia. View the full release here: https://
Iconic American Menswear Styles Reimagined the Paul Smith Way First introduced at the Paul Smith Spring/Summer 2025 presentation at Pitti Uomo, Paul Smith has collaborated with iconic American brand, Lee®, on a collection inspired by Paul Smith's famous stripes and Sir Paul's saying, ‘look and see'. The 14-piece limited edition collection includes jeans, denim jackets, western-style shirts and T-shirts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250313479429/en/Lee® and Paul Smith Debut New Global Menswear Capsule Collection. Photo Credit: ©Lee 2025©Paul Smith The story of the two coming together dates to Paul's early days.
Fourth Quarter 2024 Highlights Revenue of $699 million increased 4 percent compared to prior year (5 percent on a constant currency basis) Reported gross margin was 43.7 percent. Adjusted gross margin of 44.7 percent increased 160 basis points compared to prior year on an adjusted basis, excluding the out-of-period duty charge in that period Reported operating income was $84 million. Adjusted operating income of $101 million increased 17 percent compared to prior year on an adjusted basis, excluding the out-of-period duty charge in that period Reported EPS was $1.14. Adjusted EPS of $1.38 increased 2 percent compared to prior year on an adjusted basis, excluding the out-of-perio
A roundup of the most newsworthy press releases from Cision Distribution this week TORONTO, Feb. 21, 2025 /CNW/ - With thousands of press releases published each week, it can be difficult to keep up with everything on Cision. To help journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed. The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that
A Texas-Sized Collaboration Brings Together Denim Giant Wrangler® and Whataburger® Iconic denim brand Wrangler® and beloved Texas-based Whataburger are serving up a sizzling new apparel collaboration just in time for the Texas rodeo season. This collaboration blends Wrangler's classic American style and Whataburger's timeless appeal, creating a fresh collection to capture the hearts of fashion and food enthusiasts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250220448452/en/The 33-piece apparel and accessories collection ranges from a flavor-filled denim vest covered in iconic branded patches, to bold orange-and-white striped
TORONTO, Feb. 19, 2025 /CNW/ - Canadian Tire Corporation, Limited (TSX:CTC) (TSX:CTC), CTC or the Company) today announced that it has signed a definitive agreement to sell its Helly Hansen business to Kontoor Brands, Inc. (NYSE:KTB, Kontoor)) for total gross proceeds of $1,276 million, subject to closing adjustments. The transaction reflects CTC's increasing focus on its Canadian retail portfolio. Helly Hansen is an iconic global brand which designs and develops products used by professionals and outdoor enthusiasts around the world. Its high-performance apparel and gear are
Fourth quarter 2024 revenue of approximately $699 million increased 4 percent compared to prior year (5 percent on a constant currency basis) Fourth quarter 2024 reported gross margin of approximately 43.7 percent. Adjusted gross margin of approximately 44.7 percent increased 160 basis points compared to prior year on an adjusted basis, excluding the out-of-period duty charge in that period Fourth quarter 2024 reported EPS of approximately $1.14. Adjusted EPS of approximately $1.38 increased 2 percent compared to prior year on an adjusted basis, excluding the out-of-period duty charge in that period. Adjusted EPS in the prior year was positively impacted by a discrete tax benefit. Excl
Acquisition accelerates Kontoor's revenue, earnings growth and cash flow profile and enhances the Company's TSR model Adds global brand with scale and increases penetration in the large and growing Outdoor and Workwear categories globally Diversifies the Company's consumer, geographic, category and channel footprint Leverages Kontoor's global, multi-brand operating platform and deep management expertise in Outdoor and Workwear Kontoor expects Helly Hansen to generate more than $680 million of revenue and $80 million of adjusted EBITDA for full year 2025 Purchase price is approximately $900 million and reflects an approximate 11x transaction multiple based on Kontoor's full year 2
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.52 per share of its common stock. The cash dividend will be payable on March 20, 2025, to shareholders of record at the close of business on March 10, 2025. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands: Wrangler® and Lee®. Kontoor designs, manufactures, distributes, and licenses superior high-quality products that loo
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Stifel downgraded Kontoor Brands from Buy to Hold and set a new price target of $93.00 from $89.00 previously
Edward Jones downgraded Kontoor Brands from Buy to Hold
Barclays upgraded Kontoor Brands from Equal Weight to Overweight and set a new price target of $59.00 from $47.00 previously
Goldman upgraded Kontoor Brands from Neutral to Buy and set a new price target of $56.00 from $51.00 previously
Stifel upgraded Kontoor Brands from Hold to Buy and set a new price target of $63.00 from $44.00 previously
Wells Fargo initiated coverage of Kontoor Brands with a rating of Overweight and set a new price target of $40.00
Goldman downgraded Kontoor Brands from Buy to Neutral and set a new price target of $41.00 from $55.00 previously
Barclays downgraded Kontoor Brands from Overweight to Equal Weight and set a new price target of $40.00 from $53.00 previously
Barclays reiterated coverage of Kontoor Brands with a rating of Overweight and set a new price target of $87.00 from $86.00 previously
Goldman Sachs initiated coverage of Kontoor Brands with a rating of Buy and set a new price target of $69.00
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A roundup of the most newsworthy press releases from Cision Distribution this week TORONTO, Feb. 21, 2025 /CNW/ - With thousands of press releases published each week, it can be difficult to keep up with everything on Cision. To help journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed. The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that
Additional leaders appointed to Executive Leadership Team Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Tom Waldron as Chief Operating Officer, effective March 19, 2024. "We are further advancing our operating model in conjunction with Project Jeanius to simplify our organization and increase speed and efficiency," said Scott Baxter, President, Chief Executive Officer and Chair of Kontoor Brands. "As the next step, I am pleased to announce that Tom Waldron has been appointed to the position of Chief Operating Officer of Kontoor Brands. Thi
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the promotion of Michael Karapetian to Vice President of Corporate Development, Strategy, and Investor Relations. Most recently, Karapetian was Vice President of Corporate Development. "We are pleased to announce the expansion of Mike's role at Kontoor," said Executive Vice President and Chief Financial Officer, Joe Alkire. "He has made significant contributions since joining the Company and we are confident he will continue to be a valuable partner and leader in the organization and help drive the next chapter of
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced that Rustin Welton, Executive Vice President and Chief Financial Officer, has decided to retire from Kontoor after four years of service with the Company. "I want to congratulate Rustin on his retirement and express my gratitude for his partnership and expert counsel that have been invaluable since Kontoor's inception and integral to our success," said President, Chief Executive Officer and Chair of the Board, Scott Baxter. "The strategic actions taken under his leadership have greatly improved the Company's balanc
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Pete Kidd as Executive Vice President and Chief Human Resources Officer, effective July 20, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230720565527/en/Kontoor Brands appoints Pete Kidd as Executive Vice President and Chief Human Resources Officer. (Photo: Business Wire) Kidd will be responsible for the company's global human resources strategy and operations including total rewards, talent acquisition and retention, talent and
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Ezio Garciamendez as Senior Vice President, Chief Supply Chain Officer, effective November 1, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221003005754/en/Ezio Garciamendez joins Kontoor Brands as Senior Vice President, Chief Supply Chain Officer. (Photo: Business Wire) Garciamendez will have responsibility for all aspects of Supply Chain management including global operations, planning, manufacturing, sourcing, quality, customer
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Mame Annan-Brown to serve as Global Head of Environmental, Social and Governance (ESG), effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220509006149/en/Mame Annan-Brown - EVP, Global Communications, Public Affairs & ESG, Kontoor Brands (Photo: Kontoor Brands) In this expanded role, Annan-Brown will lead the integration of Kontoor's global ESG efforts, spearheading strategy, integration, reporting and engagement acros
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Tom Doerr as Executive Vice President, General Counsel & Corporate Secretary, effective June 6, 2022. Doerr will be responsible for ensuring that the highest standards of integrity, ethics and behavior consistent with the organization's values and mission continue to be upheld. In addition to overseeing fundamental legal and business functions such as compliance, legal strategy, issues identification, crisis management and global trademarks and intellectual property oversight, he also will serve as
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Tammy Heller as Chief Human Resources Officer, effective September 29, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210921005298/en/Tammy Heller, Chief Human Resources Officer, Kontoor Brands (Photo: Business Wire) Heller will be responsible for developing and driving the organization's people strategy. In addition to overseeing fundamental Human Relations functions such as compensation, benefits, HR systems, recruitment, onboardi
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Mame Annan-Brown as Executive Vice President of Global Communications and Public Affairs, effective August 11, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210722005132/en/Mame Annan-Brown will join Kontoor Brands as Executive Vice President of Global Communications and Public Affairs. (Photo: Business Wire) Annan-Brown will have responsibility for all aspects of global corporate communications – developing, leading and executing
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced plans to release its first quarter 2025 financial results on Tuesday, May 6, 2025, at approximately 6:50 a.m. ET. Following the news release, Kontoor management will host a conference call at approximately 8:30 a.m. ET to review results. The conference call will be broadcast live and accessible at kontoorbrands.com/investors. For those unable to listen to the live broadcast, an archived version will be available at the same location. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global lifestyle appare
Fourth Quarter 2024 Highlights Revenue of $699 million increased 4 percent compared to prior year (5 percent on a constant currency basis) Reported gross margin was 43.7 percent. Adjusted gross margin of 44.7 percent increased 160 basis points compared to prior year on an adjusted basis, excluding the out-of-period duty charge in that period Reported operating income was $84 million. Adjusted operating income of $101 million increased 17 percent compared to prior year on an adjusted basis, excluding the out-of-period duty charge in that period Reported EPS was $1.14. Adjusted EPS of $1.38 increased 2 percent compared to prior year on an adjusted basis, excluding the out-of-perio
Fourth quarter 2024 revenue of approximately $699 million increased 4 percent compared to prior year (5 percent on a constant currency basis) Fourth quarter 2024 reported gross margin of approximately 43.7 percent. Adjusted gross margin of approximately 44.7 percent increased 160 basis points compared to prior year on an adjusted basis, excluding the out-of-period duty charge in that period Fourth quarter 2024 reported EPS of approximately $1.14. Adjusted EPS of approximately $1.38 increased 2 percent compared to prior year on an adjusted basis, excluding the out-of-period duty charge in that period. Adjusted EPS in the prior year was positively impacted by a discrete tax benefit. Excl
Acquisition accelerates Kontoor's revenue, earnings growth and cash flow profile and enhances the Company's TSR model Adds global brand with scale and increases penetration in the large and growing Outdoor and Workwear categories globally Diversifies the Company's consumer, geographic, category and channel footprint Leverages Kontoor's global, multi-brand operating platform and deep management expertise in Outdoor and Workwear Kontoor expects Helly Hansen to generate more than $680 million of revenue and $80 million of adjusted EBITDA for full year 2025 Purchase price is approximately $900 million and reflects an approximate 11x transaction multiple based on Kontoor's full year 2
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.52 per share of its common stock. The cash dividend will be payable on March 20, 2025, to shareholders of record at the close of business on March 10, 2025. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands: Wrangler® and Lee®. Kontoor designs, manufactures, distributes, and licenses superior high-quality products that loo
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced plans to release its fourth quarter 2024 financial results on Tuesday, February 25, 2025, at approximately 6:50 a.m. ET. Following the news release, Kontoor management will host a conference call at approximately 8:30 a.m. ET to review results. The conference call will be broadcast live and accessible at kontoorbrands.com/investors. For those unable to listen to the live broadcast, an archived version will be available at the same location. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global life
Third Quarter 2024 Highlights Revenue of $670 million increased 2 percent compared to prior year Reported gross margin was 44.7 percent. Adjusted gross margin was 45.0 percent and increased 150 basis points compared to prior year on a reported basis, excluding the out-of-period duty charge in that period Reported EPS was $1.26. Adjusted EPS of $1.37 increased 12 percent compared to prior year on a reported basis, excluding the out-of-period duty charge in that period Inventory decreased 24 percent compared to prior year The Company repurchased $40 million of shares As previously announced, the Company's Board of Directors declared a regular quarterly cash dividend of $0.52 per s
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.52 per share of its common stock, an increase of $0.02 or 4 percent. The cash dividend will be payable on December 19, 2024, to shareholders of record at the close of business on December 9, 2024. "As we maintain an unwavering focus on Total Shareholder Return, we are pleased to announce an increase to our quarterly dividend. This increase reflects managements' and the Board of Directors' confidence in our formula for future success, wh
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced plans to release its third quarter 2024 financial results on Thursday, October 31, 2024, at approximately 6:50 a.m. ET. Following the news release, Kontoor management will host a conference call at approximately 8:30 a.m. ET to review results. The conference call will be broadcast live and accessible at kontoorbrands.com/investors. For those unable to listen to the live broadcast, an archived version will be available at the same location. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global lifestyle
Second Quarter 2024 Highlights Revenue of $607 million decreased 1 percent compared to prior year Reported gross margin was 44.7 percent. Adjusted gross margin was 45.2 percent and increased 420 basis points compared to prior year Reported EPS was $0.92. Adjusted EPS of $0.98 increased 27 percent compared to prior year Inventory decreased 22 percent compared to prior year The Company repurchased $25 million of shares and made a $25 million voluntary term loan payment The Company's Board of Directors declared a regular quarterly cash dividend of $0.50 per share Updated Full Year 2024 Financial Outlook Revenue is expected to be in the range of $2.57 to $2.63 billion, r
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