Kontoor Brands (KTB)

• Market cap: $4.82B
• 1 day: 1.25%
• 5 days: -1.67%
• 1 month: -0.24%
• 3 months: 10.96%
• 6 months: 31.12%
• Year to date: 41.60%
• 1 year: 45.78%
• 5 years: 114.30%
• 10 years: 115.68%
• Sector: Consumer Staples
• Industry: Men’s & Boys Furnishings, Work Clothing & Allied Garments

About: Kontoor Brands Inc is a lifestyle apparel company. It is engaged in designing, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including Wrangler and Lee. It manufactures its products in owned and leased facilities and distributes the products through both brick-and-mortar and e-commerce retailers. It generates the majority of its revenue from the Wrangler segment. The company's geographical segments are the United States and International, of which the majority of its revenue comes from the United States.

Employees: 13,700

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

74% more call options, than puts

Call options by funds: $3.5M | Put options by funds: $2.01M

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

21% more capital invested

Capital invested by funds: $3.77B [Q2] → $4.58B (+$801M) [Q3]

19% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 48

6.04% more ownership

Funds ownership: 102.2% [Q2] → 108.24% (+6.04%) [Q3]

3% more funds holding

Funds holding: 358 [Q2] → 367 (+9) [Q3]

3% less repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 117

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $90 3% upside
• Avg. target: $99 13% upside
• High target: $110 26% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Guggenheim Robert Drbul 55% 1-year accuracy 18 / 33 met price target	14% upside $100	Buy Maintained	1 Nov 2024
UBS Jay Sole 69% 1-year accuracy 31 / 45 met price target	26% upside $110	Buy Maintained	1 Nov 2024
Barclays Paul Kearney 63% 1-year accuracy 5 / 8 met price target	14% upside $100	Overweight Maintained	1 Nov 2024
Stifel Jim Duffy 62% 1-year accuracy 21 / 34 met price target	6% upside $93	Hold Downgraded	1 Nov 2024
Wells Fargo Ike Boruchow 62% 1-year accuracy 28 / 45 met price target	3% upside $90	Overweight Maintained	23 Oct 2024