Barclays (LON:BARC) analyst Adrienne Yih maintained a Buy rating on Kontoor Brands (NYSE:KTB) Inc on Thursday, setting a price target of $56, which is approximately 22.78% above the present share price of $45.61.
Yih expects Kontoor Brands Inc to post earnings per share (EPS) of $1.07 for the fourth quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Kontoor Brands, with an average price target of $43.2.
The analysts price targets range from a high of $56 to a low of $36.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $583.22 million and a net profit of $82.86 million. The company's market cap is $2.57 billion.
According to TipRanks.com, Barclays analyst Adrienne Yih is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.0% and a 57.03% success rate.
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.