Kontoor Brands, Inc. (KTB)
NYSE: KTB · IEX Real-Time Price · USD
58.58
+1.20 (2.09%)
Apr 23, 2024, 10:11 AM EDT - Market open
Kontoor Brands Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Kontoor Brands stock have an average target of 66.5, with a low estimate of 47 and a high estimate of 85. The average target predicts an increase of 13.52% from the current stock price of 58.58.
Analyst Consensus: Buy
* Price targets were last updated on Feb 29, 2024.
Analyst Ratings
The average analyst rating for Kontoor Brands stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 3 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 9 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $56 → $64 | Strong Buy | Maintains | $56 → $64 | +9.25% | Feb 29, 2024 |
| Barclays | Barclays | Buy Maintains $75 → $65 | Buy | Maintains | $75 → $65 | +10.96% | Feb 29, 2024 |
| UBS | UBS | Strong Buy Maintains $83 → $85 | Strong Buy | Maintains | $83 → $85 | +45.10% | Feb 16, 2024 |
| Edward Jones | Edward Jones | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Jan 26, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $56 → $68 | Buy | Maintains | $56 → $68 | +16.08% | Dec 22, 2023 |
Financial Forecast
Revenue This Year
2.62B
from 2.61B
Increased by 0.63%
Revenue Next Year
2.71B
from 2.62B
Increased by 3.13%
EPS This Year
4.71
from 4.06
Increased by 16.03%
EPS Next Year
5.18
from 4.71
Increased by 9.92%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.8B | 2.9B | 3.0B |
| Avg | 2.6B | 2.7B | 2.8B |
| Low | 2.5B | 2.5B | 2.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.6% | 10.4% | 11.7% |
| Avg | 0.6% | 3.1% | 2.5% |
| Low | -5.2% | -5.7% | -8.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.01 | 5.86 | 6.42 |
| Avg | 4.71 | 5.18 | 5.37 |
| Low | 4.27 | 4.16 | 4.09 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 23.4% | 24.4% | 23.9% |
| Avg | 16.0% | 9.9% | 3.6% |
| Low | 5.2% | -11.8% | -21.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.