Susquehanna Keeps a Buy Rating on Kontoor Brands (KTB)


In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Kontoor Brands (KTB), with a price target of $30.00. The company’s shares closed last Thursday at $20.13.

According to TipRanks.com, Poser is a 2-star analyst with an average return of 0.1% and a 50.6% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Canada Goose Holdings, and Wolverine World Wide.

Currently, the analyst consensus on Kontoor Brands is a Hold with an average price target of $24.17, an 8.3% upside from current levels. In a report issued on July 27, Goldman Sachs also upgraded the stock to Buy with a $24.00 price target.

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The company has a one-year high of $43.24 and a one-year low of $12.91. Currently, Kontoor Brands has an average volume of 1.4M.

Based on the recent corporate insider activity of 33 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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