After Stifel Nicolaus and Guggenheim gave Kontoor Brands (NYSE: KTB) a Buy rating last month, the company received another Buy, this time from Susquehanna. Analyst Sam Poser reiterated a Buy rating on Kontoor Brands today and set a price target of $44.00. The company’s shares closed last Monday at $36.07.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 5.0% and a 57.0% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings, Wolverine World Wide, and Lululemon Athletica.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kontoor Brands with a $40.50 average price target, a 12.5% upside from current levels. In a report issued on October 31, Guggenheim also maintained a Buy rating on the stock with a $40.00 price target.
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The company has a one-year high of $41.75 and a one-year low of $25.78. Currently, Kontoor Brands has an average volume of 810K.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KTB in relation to earlier this year.
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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.
