Wells Fargo analyst Ike Boruchow maintained a Buy rating on Kontoor Brands (KTB – Research Report) yesterday and set a price target of $68.00. The company’s shares closed yesterday at $61.87.
Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Gap, Nike, and PVH. According to TipRanks, Boruchow has an average return of -3.3% and a 44.02% success rate on recommended stocks.
Kontoor Brands has an analyst consensus of Strong Buy, with a price target consensus of $62.60, which is a 1.18% upside from current levels. In a report released on December 14, Stifel Nicolaus also maintained a Buy rating on the stock with a $70.00 price target.
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The company has a one-year high of $62.23 and a one-year low of $36.35. Currently, Kontoor Brands has an average volume of 464.8K.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KTB in relation to earlier this year. Earlier this month, Sumner Susan Denise, the VP & CAO of KTB sold 13,287.00 shares for a total of $725,388.72.
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Kontoor Brands (KTB) Company Description:
Kontoor Brands, Inc. engages in the manufacture and sale of apparel. It designs, manufactures, sources, markets, and distributes its portfolio of brands which include Wrangler and Lee denim, apparel, and accessories. The company was founded on November 11, 2018 and is headquartered in Greensboro, NC.
Read More on KTB:
- The sports and lifestyle brand stocks to own in 2024, according to Stifel
- Kontoor Brands price target raised by $10 at Stifel, here’s why
- Kontoor Brands announces $300M share repurchase program
- ‘Time to Upgrade’: Barclays Turns Bullish on These 2 Stocks — Here’s Why
- Kontoor Brands upgraded to Overweight from Equal Weight at Barclays
