2 days ago
Stifel Nicolaus Keeps Their Hold Rating on Kontoor Brands (KTB)
Stifel Nicolaus analyst Peter McGoldrick maintained a Hold rating on Kontoor Brands on August 12 and set a price target of $73.00. The company's shares closed yesterday at $70.71.
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McGoldrick covers the Consumer Cyclical sector, focusing on stocks such as Fox Factory Holding, Kontoor Brands, and Crocs. According to TipRanks, McGoldrick has an average return of 0.8% and a 33.33% success rate on recommended stocks.
In addition to Stifel Nicolaus, Kontoor Brands also received a Hold from TR | OpenAI – 4o's Vince Stitcher in a report issued on July 30. However, on August 12, TR | OpenAI – 4o reiterated a Buy rating on Kontoor Brands (NYSE: KTB).
Based on Kontoor Brands' latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $622.9 million and a net profit of $42.88 million. In comparison, last year the company earned a revenue of $631.15 million and had a net profit of $59.51 million
