Stifel Reiterates Kontoor Brands (KTB) Buy Recommendation
Fintel reports that on September 18, 2023, Stifel reiterated coverage of Kontoor Brands (NYSE:KTB) with a Buy recommendation.
Analyst Price Forecast Suggests 25.69% Upside
As of August 31, 2023, the average one-year price target for Kontoor Brands is 53.77. The forecasts range from a low of 27.27 to a high of $68.25. The average price target represents an increase of 25.69% from its latest reported closing price of 42.78.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Kontoor Brands is 2,641MM, an increase of 0.75%. The projected annual non-GAAP EPS is 4.46.
Kontoor Brands Declares $0.48 Dividend
On July 21, 2023 the company declared a regular quarterly dividend of $0.48 per share ($1.92 annualized). Shareholders of record as of September 8, 2023 received the payment on September 18, 2023. Previously, the company paid $0.48 per share.
At the current share price of $42.78 / share, the stock's dividend yield is 4.49%.