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Investing.com - UBS raised its price target on Kontoor Brands (NYSE:KTB) to $99.00 from $92.00 on Friday, while maintaining a Buy rating on the denim apparel company. The stock has shown impressive momentum with a 16.7% gain over the past week, and InvestingPro data reveals the company maintains a perfect Piotroski Score of 9, indicating exceptional financial strength.
The investment firm cited Kontoor’s strengthening position in the denim category and attractive long-term growth potential as the company expands into additional categories, channels, and geographic markets. With a healthy current ratio of 2.78 and a strong return on equity of 56%, the company appears well-positioned for expansion.
UBS highlighted the recent acquisition of Helly Hansen as a positive factor that should enhance Kontoor’s long-term earnings per share growth trajectory.
The firm noted that Kontoor’s second-quarter results demonstrated the company’s ability to overcome tariff headwinds while delivering higher margins over time.
UBS forecasts an 11% five-year EPS compound annual growth rate for Kontoor Brands and expects the company to transition from a cash flow stock to a growth stock, which should help drive shares toward the new price target.
In other recent news, Kontoor Brands Inc. reported impressive financial results for the second quarter of 2025. The company’s earnings per share reached $1.33, significantly surpassing the analysts’ estimate of $0.87, resulting in a 52.87% surprise. Revenue also exceeded expectations, totaling $658 million compared to the forecasted $625.96 million. These results highlight Kontoor Brands’ strong performance and have captured the attention of investors. The company’s recent developments reflect its ability to outperform market predictions. Additionally, the financial community is taking note of these results, which could influence future analyst ratings and forecasts. Investors are likely to keep a close watch on Kontoor Brands as it continues to demonstrate financial strength.
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