On Nov 02, 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.
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 strengthening momentum of its brands, reinforcing its status as a prominent denim entity, as demonstrated by continuous gains in point of sale share. The projection of an 11% five-year compound annual growth rate and anticipation of near-term earnings per share outperformance are expected to act as catalysts for the company's stock.
Kontoor Brands is advancing on several fronts, achieving organic market share gains, expanding into new categories, and increasing distribution channels. At the same time, the company is enhancing its top-tier operating margin, with additional opportunities for expansion anticipated in the following two years.
Kontoor Brands has demonstrated enhanced profitability and ongoing market share expansion, along with visibility into the Spring/Summer '25 order book. This has led to a revision of projected earnings, with increases to the FY24 and FY25 EPS forecasts following the Q3 report.
The company's performance has remained strong despite a challenging environment, and its stock has appreciated 84% on a year-over-year basis. However, given its status as a low-single digit revenue growth business, its valuation appears to be quite stretched. The Project Jeanius is anticipated to enhance margins by fiscal 2025 and 2026, yet risks including valuation contraction, the reliance on Walmart as a major customer, and fluctuations in commodity prices, present challenges to advocating for a strong upside in the stock's future.
Here are the latest investment ratings and price targets for $Kontoor Brands (KTB.US)$ from 4 analysts:
Note:
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