UBS reiterated coverage of Kontoor Brands with a rating of Buy and set a new price target of $97.00 from $89.00 previously
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| 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 |
144 - Kontoor Brands, Inc. (0001760965) (Subject)
10-Q - Kontoor Brands, Inc. (0001760965) (Filer)
8-K - Kontoor Brands, Inc. (0001760965) (Filer)
SC 13G/A - Kontoor Brands, Inc. (0001760965) (Subject)
SC 13G/A - Kontoor Brands, Inc. (0001760965) (Subject)
SC 13G/A - Kontoor Brands, Inc. (0001760965) (Subject)
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
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
4 - Kontoor Brands, Inc. (0001760965) (Issuer)
4 - Kontoor Brands, Inc. (0001760965) (Issuer)
4 - Kontoor Brands, Inc. (0001760965) (Issuer)
Just in time for early holiday shopping, Lee® announces a curated line of handbags and totes that pay homage to the brand's denim heritage. Made under license by the manufacturer Montana West, the bags are available via Tiktok Shop, a first for the brand, as well as online retail sites. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241101802945/en/Lee® Launches New Handbags Line for Holiday Shopping. (Photo: Business Wire) Made with durable materials like denim and vegan leather, each bag showcases Lee's iconic logo on a classic tote design. This collection embraces the trend of denim bags, which have become increasingly popular
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
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
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector. ADT Inc. (NYSE:ADT) Dividend Yield: 3.07% Barclays analyst Manav Patnaik mai
Stifel analyst Jim Duffy maintains Kontoor Brands (NYSE:KTB) with a Buy and raises the price target from $77 to $80.
Goldman Sachs analyst Brooke Roach maintains Kontoor Brands (NYSE:KTB) with a Buy and raises the price target from $68 to $77.