Demystifying Kontoor Brands: Insights From 4 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Kontoor Brands (NYSE:KTB) received mixed analyst ratings in the latest quarter, with 2 bullish and 2 somewhat bullish ratings. The average 12-month price target is $72.0, reflecting a 5.11% increase from the previous $68.50. Analyst actions include both raises and lowers in ratings and price targets by firms such as Barclays, UBS, Wells Fargo, and Stifel. Kontoor Brands, known for its Wrangler and Lee brands, shows strong financial health with notable revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio.
February 29, 2024 | 2:00 pm
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Kontoor Brands received mixed analyst ratings with an updated average price target of $72.0. The company's strong financial performance and positive revenue trend are highlighted, despite a high debt-to-equity ratio.
The mixed analyst ratings with a slight upward revision in the average price target suggest a cautiously optimistic outlook for Kontoor Brands. The company's strong financial indicators, such as revenue growth, net margin, ROE, and ROA, support a positive short-term impact on the stock price. However, the high debt-to-equity ratio is a concern that investors should monitor.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100