K

Kontoor Brands

Global denim and outdoor apparel producer

Overview

Kontoor Brands designs, manufactures, and sells denim and outdoor apparel through wholesale partnerships with retailers and its own stores and e-commerce sites around the world. Its products are marketed under legacy brands like Wrangler and Lee, plus Helly Hansen, and are distributed via a global multichannel network that combines brand management with product development. The company differentiates itself by owning established, recognizable brands and pursuing a mix of wholesale and direct-to-consumer channels, while expanding outdoor offerings through acquisitions. Its goal is to grow profitable brand equity and market presence by expanding product lines, strengthening distribution, and extending its global reach.

Work here?Claim your company

About Kontoor Brands

Simplify's Rating
Why Kontoor Brands is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingDesignConsumer Goods

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Greensboro, NC

Founded

2019

Get referred to Kontoor Brands

See people who can refer or advise you

Simplify Jobs

Simplify's take

What believers are saying

  • Q3 2026 continuing revenue rose 3% to $685 million, led by Wrangler and Helly Hansen.
  • Adjusted gross margin expanded 230 basis points to 48.1% on Project Jeanius and pricing.
  • Management lifted 2026 EPS to $5.40 and targets at least $6.60 in 2027.

What critics are saying

  • Q3 reported revenue fell 19.7% and missed estimates, exposing fragile demand after Lee.
  • Kontoor flagged $30 million incremental tariff expense and 12.5% Q4 reciprocal tariffs.
  • A failed Helly Hansen integration after Lee's exit would cripple the growth story.

What makes Kontoor Brands unique

  • Wrangler and Helly Hansen give Kontoor two durable heritage brands across denim and outdoor.
  • Its direct-to-consumer channel grew 7% in U.S. Wrangler sales in Q3 2026.
  • Lee sale leaves a tighter portfolio and $698 million net proceeds for reinvestment.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$400M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Paid Parental Leave
  • Flexible Work Hours
  • Tuition Reimbursement

Stock Price

Company News

just-style
Nov 6th, 2026
Kontoor plans $400m buyback as Q3 earnings rise.

Kontoor plans $400m buyback as Q3 earnings rise. Kontoor Brands plans to repurchase $400m of its own shares after reporting higher third quarter (Q3) adjusted earnings and raising its fiscal 2026 (FY26) full-year earnings forecast. The apparel company said it expects to enter into accelerated share repurchase agreements with financial institutions in early November. The transaction will use its existing $750m repurchase authorisation, under which $680m remained available at the end of the quarter. Kontoor expects to receive an initial delivery of approximately 80% of the shares covered by the agreements. The company repurchased $20m of stock during the third quarter and had bought back $95m year to date. Kontoor Brands' president and chief financial officer Joe Alkire said: "We are building a more growth-oriented business through our transformation efforts and the evolution of our portfolio. These efforts are enabling us to attract top-tier talent, create investment capacity and enhance organisational agility, positioning us well to win in any environment. We have increased our planned share repurchases to $450 million based on the confidence we have in our long-term strategy and the significant value-creation opportunity ahead." Kontoor Brands Q3 metrics. During the third quarter ended 3 October 2026, the company's revenue from continuing operations increased 3% year on year to $685m. Wrangler generated $485m, also up 3%, while Helly Hansen revenue rose 3% to $191m. Wrangler's US direct-to-consumer revenue jumped 7%, with US wholesale sales up 2%. International revenue rose 6%, supported by a 25% increase in international direct-to-consumer sales. Helly Hansen's sport division grew 2% to $147m, while workwear revenue rose 5% to $44m. The company's adjusted operating income rose 6% to $101m, producing a 14.7% adjusted operating margin, up 40 basis points from the prior-year quarter. Adjusted earnings per share increased 40% to $1.50. Reported diluted earnings per share were negative $0.62, mainly because of a non-cash tax charge of $1.73 per share linked to the migration of Helly Hansen intellectual property. Adjusted gross margin increased 230 basis points to 48.1%. The company attributed the improvement to its Project Jeanius programme, product mix and pricing, after accounting for changes in product costs. The quarter also included higher adjusted selling, general and administrative costs, which rose to $229m, or 33.4% of revenue. Kontoor said the increase reflected additional costs previously allocated to Lee, as well as spending on direct-to-consumer operations, demand creation and technology. Kontoor chief executive officer and Board of Directors chairman Scott Baxter said: "Our third quarter results were driven by growth in both Wrangler and Helly Hansen, strong earnings and gross margin expansion. Execution excellence remains a critical focus of our organisation as we delivered strong business results, successfully completed the divestiture of Lee, advanced our integration of Helly Hansen, and realised additional synergies through optimisation of our tax platform." FY26 outlook. Kontoor updated its full-year revenue outlook to approximately $2.68bn, representing growth of 12%, and adjusted operating income of approximately $400m. The company raised its adjusted EPS forecast to $5.40, from a previous range of $5.25 to $5.35. It expects an adjusted gross margin of 50.0% to 50.2% and adjusted SG&A expenses to increase by about 25% year on year. The revised forecast includes $450m of share repurchases during the fourth quarter, higher freight and foreign exchange-related expenses, and costs previously allocated to Lee. Kontoor expects fees from services provided during the Lee transition to be recorded as other income. For 2027, the company said it expects an adjusted EPS of at least $6.60 and operating cash flow of at least $325m. The forecast includes one-time costs linked to the Helly Hansen systems migration, as well as restructuring and other measures intended to offset expenses previously allocated to Lee. Alkire continued: "We are updating our full-year outlook to reflect our year-to-date results, the successful completion and final terms of the divestiture of Lee, as well as stronger gross margin expansion and earnings growth. While the operating environment remains dynamic, we are well positioned to accelerate value creation supported by sharper portfolio focus, increased capital allocation optionality and stronger earnings growth." Give your business an edge with its leading industry insights.

MarketBeat
Nov 6th, 2026
Kontoor Brands, Inc. $KTB shares newly purchased by Boston Trust Walden Corp.

Kontoor Brands, Inc. $KTB shares newly purchased by Boston Trust Walden Corp. November 6, 2026 Key points. * Boston Trust Walden bought 432,003 Kontoor Brands shares in the third quarter, valued at about $27.2 million and representing roughly 0.79% of the company. Institutional investors collectively own 93.06% of its shares. * Kontoor reported quarterly EPS of $1.50, beating the $1.34 consensus, but revenue fell 19.7% year over year to $685.3 million and missed estimates. The company also raised its 2026 earnings outlook and announced plans for $450 million in share repurchases after its Lee divestiture. * Kontoor increased its quarterly dividend from $0.53 to $0.54 per share, equal to an annualized $2.16 and a 2.7% yield. Analysts' consensus rating was "Moderate Buy," with an average price target of $96.56. * MarketBeat previews the top five stocks to own by December 1st. Boston Trust Walden Corp purchased a new position in shares of Kontoor Brands, Inc. (NYSE:KTB - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 432,003 shares of the company's stock, valued at approximately $27,229,000. Boston Trust Walden Corp owned about 0.79% of Kontoor Brands as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors have also recently modified their holdings of KTB. BlackRock Inc. acquired a new position in shares of Kontoor Brands during the second quarter valued at about $674,664,000. Bank of New York Mellon Corp bought a new position in Kontoor Brands in the second quarter worth approximately $45,003,000. Bank of America Corp DE acquired a new stake in Kontoor Brands in the second quarter valued at approximately $38,382,000. Nicholas Investment Partners LP acquired a new stake in Kontoor Brands in the second quarter valued at approximately $21,761,000. Finally, Pacer Advisors Inc. bought a new stake in shares of Kontoor Brands during the first quarter valued at approximately $17,718,000. Institutional investors and hedge funds own 93.06% of the company's stock. Analyst upgrades and downgrades. A number of equities analysts have recently weighed in on KTB shares. Barclays upped their target price on Kontoor Brands from $96.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. UBS Group boosted their price target on shares of Kontoor Brands from $131.00 to $136.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Wells Fargo & Company upped their price objective on shares of Kontoor Brands from $100.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Jefferies Financial Group upgraded shares of Kontoor Brands from a "hold" rating to a "buy" rating and upped their price objective for the stock from $82.00 to $89.00 in a report on Wednesday, October 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kontoor Brands from $90.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $96.56. Discover more MarketBeat All Access Stock Market News Stock Screener Tool Kontoor Brands stock performance. NYSE KTB opened at $79.37 on Friday. The company has a fifty day moving average price of $70.49 and a 200-day moving average price of $72.86. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 16.57 and a beta of 0.85. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 0.99. Kontoor Brands, Inc. has a 1 year low of $56.19 and a 1 year high of $88.96. Kontoor Brands (NYSE:KTB - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.16. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The company had revenue of $685.35 million for the quarter, compared to analyst estimates of $694.18 million. During the same period last year, the firm earned $1.44 earnings per share. The firm's revenue was down 19.7% on a year-over-year basis. As a group, equities research analysts predict that Kontoor Brands, Inc. will post 5.27 EPS for the current fiscal year. Kontoor Brands increases dividend. The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Tuesday, December 8th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Tuesday, December 8th. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. This is an increase from Kontoor Brands's previous quarterly dividend of $0.53. Kontoor Brands's payout ratio is 44.26%. Kontoor Brands news summary. Here are the key news stories impacting Kontoor Brands this week: * Q3 earnings were $1.50 per share, above the $1.34 consensus estimate and up from $1.44 a year earlier. * Kontoor raised its 2026 earnings outlook and expects to repurchase $450 million of shares after completing the Lee divestiture. Management also cited growth at Wrangler and Helly Hansen and gross-margin expansion. * Revenue was $685.3 million, below analysts' $694.2 million estimate, and down 19.7% from a year earlier. The sales shortfall and steep year-over-year decline may temper enthusiasm for the earnings beat and outlook upgrade. Insider buying and selling. In other news, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $83.43, for a total value of $639,073.80. Following the completion of the transaction, the executive vice president directly owned 25,063 shares of the company's stock, valued at $2,091,006.09. This represents a 23.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Scott H. Baxter sold 184,403 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $83.40, for a total value of $15,379,210.20. Following the sale, the chief executive officer directly owned 261,786 shares of the company's stock, valued at $21,832,952.40. The trade was a 41.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by insiders. About Kontoor Brands. Kontoor Brands, Inc NYSE: KTB is a global lifestyle apparel company focused on denim and casualwear. Its portfolio includes the Wrangler and Lee brands, as well as Rock & Republic, offering jeans, shirts, jackets, tops, bottoms, accessories and related products for men, women and children. The company sells its products through wholesale customers, including department stores, specialty retailers and mass merchants, as well as through company-operated stores and e-commerce channels. Kontoor serves consumers in North America and international markets, with products distributed across multiple regions worldwide. Kontoor Brands became an independent publicly traded company in 2019 following its separation from VF Corporation. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Kontoor Brands, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kontoor Brands wasn't on the list. While Kontoor Brands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you'll find 7 stocks that could play a major role in the next tech-driven market boom. Continue following MarketBeat

Daily Political
Nov 5th, 2026
Kontoor Brands (NYSE:KTB) announces quarterly earnings results, beats estimates by $0.16 EPS.

Kontoor Brands (NYSE:KTB) announces quarterly earnings results, beats estimates by $0.16 EPS. Kontoor Brands (NYSE:KTB - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.16, FiscalAI reports. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The firm had revenue of $685.35 million during the quarter, compared to analysts' expectations of $694.18 million. During the same quarter in the previous year, the company posted $1.44 EPS. Kontoor Brands's revenue was down 19.7% on a year-over-year basis. Here are the key takeaways from Kontoor Brands' conference call: * Third-quarter continuing-operations revenue rose 3% to $685 million, while adjusted gross margin expanded 230 basis points to 48.1% and adjusted EPS increased 40% to $1.50. Kontoor raised its full-year outlook to adjusted EPS of $5.40, up 31%, and gross margin of 50.0%-50.2%. * Wrangler's U.S. men's-bottoms POS softened to 1% growth in September, and retail partners' inventories were down at a high-single-digit rate. The company expects Wrangler revenue to grow about 1% in Q4, assuming continued cautious retailer inventory management and no improvement in POS trends. * Helly Hansen revenue grew 3% in the quarter, and year-to-date revenue was up 8% on a reported pro forma basis, ahead of Kontoor's acquisition plan. Management expects Q4 growth of about 5% and said its 2027 plans remain in line with the brand's longer-term growth strategy. * Kontoor closed the Lee sale for $698 million in net proceeds and plans $450 million of Q4 share repurchases, including a $400 million accelerated program, plus $280 million in voluntary debt payments. The company expects to return about $1 billion of capital this year through buybacks, dividends, and debt reduction. * Management set a 2027 adjusted EPS floor of $6.60, representing more than 20% growth, and expects cash from operations of at least $325 million. The outlook includes elevated one-time costs and about $30 million of incremental full-year tariff expense; Kontoor expects cash flow to exceed $400 million beyond 2027. Kontoor Brands stock performance. KTB stock traded down $2.59 during trading hours on Thursday, hitting $79.37. 1,714,439 shares of the stock were exchanged, compared to its average volume of 767,495. Kontoor Brands has a 12 month low of $56.19 and a 12 month high of $88.96. The firm has a market capitalization of $4.34 billion, a P/E ratio of 13.18 and a beta of 0.85. The company has a 50-day simple moving average of $70.49 and a two-hundred day simple moving average of $72.86. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 1.82. Kontoor Brands increases dividend. The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Tuesday, December 8th will be issued a dividend of $0.54 per share. This is a boost from Kontoor Brands's previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, December 8th. Kontoor Brands's dividend payout ratio is presently 44.26%. Insider buying and selling at Kontoor Brands. In other Kontoor Brands news, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $83.43, for a total value of $639,073.80. Following the sale, the executive vice president owned 25,063 shares in the company, valued at $2,091,006.09. This trade represents a 23.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Scott H. Baxter sold 184,403 shares of Kontoor Brands stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $83.40, for a total transaction of $15,379,210.20. Following the sale, the chief executive officer owned 261,786 shares in the company, valued at approximately $21,832,952.40. This represents a 41.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.80% of the company's stock. Analyst upgrades and downgrades. Several equities research analysts have recently commented on KTB shares. UBS Group lifted their target price on Kontoor Brands from $131.00 to $136.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Jefferies Financial Group raised Kontoor Brands from a "hold" rating to a "buy" rating and upped their price target for the company from $82.00 to $89.00 in a research note on Wednesday, October 14th. Barclays raised their price target on Kontoor Brands from $96.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. JPMorgan Chase & Co. lifted their price objective on Kontoor Brands from $90.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company boosted their price objective on Kontoor Brands from $100.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kontoor Brands currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.56. More Kontoor Brands news. Here are the key news stories impacting Kontoor Brands this week: * Q3 earnings were $1.50 per share, above the $1.34 consensus estimate and up from $1.44 a year earlier. * Kontoor raised its 2026 earnings outlook and expects to repurchase $450 million of shares after completing the Lee divestiture. Management also cited growth at Wrangler and Helly Hansen and gross-margin expansion. * Revenue was $685.3 million, below analysts' $694.2 million estimate, and down 19.7% from a year earlier. The sales shortfall and steep year-over-year decline may temper enthusiasm for the earnings beat and outlook upgrade. About Kontoor Brands. Kontoor Brands, Inc (NYSE: KTB) is a global lifestyle apparel company focused on denim and casualwear. Its portfolio includes the Wrangler and Lee brands, as well as Rock & Republic, offering jeans, shirts, jackets, tops, bottoms, accessories and related products for men, women and children. The company sells its products through wholesale customers, including department stores, specialty retailers and mass merchants, as well as through company-operated stores and e-commerce channels. Kontoor serves consumers in North America and international markets, with products distributed across multiple regions worldwide. Kontoor Brands became an independent publicly traded company in 2019 following its separation from VF Corporation. Further reading. Receive News & Ratings for Kontoor Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kontoor Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Ecotextile News
Nov 5th, 2026
Kontoor raises outlook as sales grow.

Kontoor raises outlook as sales grow. Kontoor Brands has raised its full-year earnings forecast after third-quarter revenue from continuing operations rose 3% to $685 million. Wrangler and Helly Hansen each recorded 3% revenue growth, while the group reduced inventory by 6% to $570 million. Join its community. Explore all its independent journalism from as little as 30p per day. Less than an espresso - but more stimulating. Read its top news stories delivered straight to your inbox. * November 5, 2026 * November 4, 2026

MarketBeat
Nov 5th, 2026
Kontoor Brands (NYSE:KTB) announces quarterly earnings results, beats estimates by $0.16 EPS.

Kontoor Brands (NYSE:KTB) announces quarterly earnings results, beats estimates by $0.16 EPS. November 5, 2026 Key points. * Kontoor Brands reported adjusted EPS of $1.50, beating the $1.34 consensus estimate and rising from $1.44 a year earlier. * Revenue was $685.35 million, below the $694.18 million estimate; reported revenue fell 19.7% year over year, while continuing-operations revenue increased 3%. * Management raised its full-year adjusted EPS outlook to $5.40 and plans $450 million in fourth-quarter share repurchases following the Lee sale. * Five stocks to consider instead of Kontoor Brands. Kontoor Brands (NYSE:KTB - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.16, FiscalAI reports. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The firm had revenue of $685.35 million during the quarter, compared to analysts' expectations of $694.18 million. During the same quarter in the previous year, the company posted $1.44 EPS. Kontoor Brands's revenue was down 19.7% on a year-over-year basis. Here are the key takeaways from Kontoor Brands' conference call: * Third-quarter continuing-operations revenue rose 3% to $685 million, while adjusted gross margin expanded 230 basis points to 48.1% and adjusted EPS increased 40% to $1.50. Kontoor raised its full-year outlook to adjusted EPS of $5.40, up 31%, and gross margin of 50.0%-50.2%. * Wrangler's U.S. men's-bottoms POS softened to 1% growth in September, and retail partners' inventories were down at a high-single-digit rate. The company expects Wrangler revenue to grow about 1% in Q4, assuming continued cautious retailer inventory management and no improvement in POS trends. * Helly Hansen revenue grew 3% in the quarter, and year-to-date revenue was up 8% on a reported pro forma basis, ahead of Kontoor's acquisition plan. Management expects Q4 growth of about 5% and said its 2027 plans remain in line with the brand's longer-term growth strategy. * Kontoor closed the Lee sale for $698 million in net proceeds and plans $450 million of Q4 share repurchases, including a $400 million accelerated program, plus $280 million in voluntary debt payments. The company expects to return about $1 billion of capital this year through buybacks, dividends, and debt reduction. * Management set a 2027 adjusted EPS floor of $6.60, representing more than 20% growth, and expects cash from operations of at least $325 million. The outlook includes elevated one-time costs and about $30 million of incremental full-year tariff expense; Kontoor expects cash flow to exceed $400 million beyond 2027. Kontoor Brands stock performance. KTB stock traded down $2.59 during trading hours on Thursday, hitting $79.37. 1,714,439 shares of the stock were exchanged, compared to its average volume of 767,495. Kontoor Brands has a 12 month low of $56.19 and a 12 month high of $88.96. The firm has a market capitalization of $4.34 billion, a P/E ratio of 13.18 and a beta of 0.85. The company has a 50-day simple moving average of $70.49 and a two-hundred day simple moving average of $72.86. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 1.82. Kontoor Brands increases dividend. The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Tuesday, December 8th will be issued a dividend of $0.54 per share. This is a boost from Kontoor Brands's previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, December 8th. Kontoor Brands's dividend payout ratio is presently 44.26%. Insider buying and selling at Kontoor Brands. In other Kontoor Brands news, EVP Thomas L. Doerr, Jr. sold 7,660 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $83.43, for a total value of $639,073.80. Following the sale, the executive vice president owned 25,063 shares in the company, valued at $2,091,006.09. This trade represents a 23.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Scott H. Baxter sold 184,403 shares of Kontoor Brands stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $83.40, for a total transaction of $15,379,210.20. Following the sale, the chief executive officer owned 261,786 shares in the company, valued at approximately $21,832,952.40. This represents a 41.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.80% of the company's stock. Analyst upgrades and downgrades. Several equities research analysts have recently commented on KTB shares. UBS Group lifted their target price on Kontoor Brands from $131.00 to $136.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Jefferies Financial Group raised Kontoor Brands from a "hold" rating to a "buy" rating and upped their price target for the company from $82.00 to $89.00 in a research note on Wednesday, October 14th. Barclays raised their price target on Kontoor Brands from $96.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. JPMorgan Chase & Co. lifted their price objective on Kontoor Brands from $90.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company boosted their price objective on Kontoor Brands from $100.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kontoor Brands currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.56. More Kontoor Brands news. Here are the key news stories impacting Kontoor Brands this week: * Q3 earnings were $1.50 per share, above the $1.34 consensus estimate and up from $1.44 a year earlier. * Kontoor raised its 2026 earnings outlook and expects to repurchase $450 million of shares after completing the Lee divestiture. Management also cited growth at Wrangler and Helly Hansen and gross-margin expansion. * Revenue was $685.3 million, below analysts' $694.2 million estimate, and down 19.7% from a year earlier. The sales shortfall and steep year-over-year decline may temper enthusiasm for the earnings beat and outlook upgrade. About Kontoor Brands. Kontoor Brands, Inc NYSE: KTB is a global lifestyle apparel company focused on denim and casualwear. Its portfolio includes the Wrangler and Lee brands, as well as Rock & Republic, offering jeans, shirts, jackets, tops, bottoms, accessories and related products for men, women and children. The company sells its products through wholesale customers, including department stores, specialty retailers and mass merchants, as well as through company-operated stores and e-commerce channels. Kontoor serves consumers in North America and international markets, with products distributed across multiple regions worldwide. Kontoor Brands became an independent publicly traded company in 2019 following its separation from VF Corporation. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Kontoor Brands, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kontoor Brands wasn't on the list. While Kontoor Brands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce. Continue following MarketBeat

Recently Posted Jobs

Sign up to get curated job recommendations

Kontoor Brands is Hiring for 152 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs