On Nov 01, major Wall Street analysts update their ratings for $Kontoor Brands (KTB.US)$, with price targets ranging from $93 to $110.
Barclays analyst Paul Kearney maintains with a buy rating, and adjusts the target price from $83 to $100.
UBS analyst Jay Sole maintains with a buy rating, and adjusts the target price from $88 to $110.
Wells Fargo analyst Ike Boruchow maintains with a buy rating, and adjusts the target price from $90 to $95.
Guggenheim analyst Robert Drbul maintains with a buy rating, and adjusts the target price from $62 to $100.
Stifel analyst Jim Duffy maintains with a hold rating, and maintains the target price at $93.
Furthermore, according to the comprehensive report, the opinions of $Kontoor Brands (KTB.US)$'s main analysts recently are as follows:
Kontoor Brands' third-quarter report highlighted the brands' escalating momentum, showcasing the company's enhancement as a prominent denim entity, marked by continuous gains in point of sale share. The anticipated 11% compound annual growth rate over five years and the expectation of earnings per share outperformance in the near future are seen as potential catalysts for the company's stock movement.
Kontoor Brands is advancing on various fronts, achieving organic market share gains, extending its categories, and widening distribution channels. Additionally, the company is enhancing its leading operating margin, with prospects for further improvement over the forthcoming two years.
The firm's optimism towards Kontoor Brands is supported by enhanced profitability, ongoing market share gains, and visibility into the Spring/Summer '25 orderbook. This positive outlook is reflected in the increased EPS estimates for FY24 and FY25 following the Q3 report.
The company has demonstrated commendable execution amidst a fluctuating environment, and while its stock has experienced a significant 84% increase on a year-over-year basis, it is suggested that the current valuation fully reflects the expectations for a business with low-single digit revenue growth. The Project Jeanius is anticipated to contribute to margin improvement in the fiscal years of 2025 and 2026. However, considering the potential for valuation contraction, the reliance on Walmart accounting for 36% of business, and the unpredictability of commodity prices, it is challenging to argue for a persuasive growth narrative for the stock.
Here are the latest investment ratings and price targets for $Kontoor Brands (KTB.US)$ from 5 analysts:
Note:
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