Kontoor Brands Inc. (KTB) Is A Stock You Should Watch

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As of Wednesday close, Kontoor Brands Inc.’s (NYSE:KTB) stock was up $0.22, moving up 0.50 percent to $44.08. The average number of shares traded per day over the past five days has been 459,720 shares. 4 times new highs have been achieved over the past 5 days, with a $2.48 gain in that time frame. In the last twenty days, the average volume was 554,550, while in the previous 50 days, it was 512,650.

Since last month, KTB stock rose 19.56%. Shares of the company fell to $34.26 on 11/02/22, the lowest level in the past month. A 52-week high of $60.57 was reached on 01/06/22 after having rallying from a 52-week low of $30.98. Since the beginning of this year, KTB’s stock price has dropped by -13.99% or -$7.17, and marked a new high 3 times. However, the stock has declined by -27.22% since its 52-week high.


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Valuation Metrics

Right now, Kontoor Brands Inc. (KTB) has a P/E ratio of about 10.65. The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 0.94, the price-to-book (PB) ratio of 11.75.

The latest dividend of $0.48 per share was paid out, which is 4.35% more than last year’s $0.46. On Monday October 24 2022, a $0.02 dividend increase was announced.

Financial Health

In the three months ended June 29, Kontoor Brands Inc.’s quick ratio stood at 0.80, while its current ratio was 2.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.96, and the total debt-to-equity ratio was 4.03. On the profitability front, the trailing twelve-month gross margin is 43.70% percent. In the year ended June 29, operating margins totaled 13.20%. Based on annual data, KTB earned $1.11 billion in gross profit and brought in $2.48 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 24.90%. Return on equity (ROE) for the past 12 months was 132.20%.

In Kontoor Brands Inc.’s quarter-end financial report for June 29, it reported total debt of $824.79 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. KTB’s revenue fell -7.55% to $613.57 million during the quarter, while net income inched up to $606.52 million. While analysts expected Kontoor Brands Inc. to report $0.99 quarterly earnings, the actual figure was $1.09 per share, beating the consensus estimate by 10.10%. During the quarter, the company generated $84.07 million in EBITDA. The liabilities of Kontoor Brands Inc. were 1.44 billion at the end of its most recent quarter ended June 29, and its total debt was $842.2 million. The value of shareholders’ equity is $55.47 million.

Technical Picture

This quick technical analysis looks at Kontoor Brands Inc.’s (KTB) price momentum. With a historical volatility rate of 52.54%, the RSI 9-day stood at 70.43% on 23 November.

With respect to its five-day moving average, the current Kontoor Brands Inc. price is up by +5.96% percent or $2.48. At present, KTB shares trade +21.00% above its 20-day simple moving average and +31.50% percent above its 100-day simple moving average. However, the stock is currently trading approximately +21.94% above its SMA50 and -12.75% below its SMA200.

Stochastic coefficient K was 90.53% and Stochastic coefficient D was 87.80%, while ATR was 1.97. Given the Stochastic reading of 91.82% for the 14-day period, the RSI (14) reading has been calculated as 67.01%. As of today, the MACD Oscillator reading stands at 0.85, while the 14-day reading stands at 2.70.

Analyst Ratings

Wells Fargo launched its rating on Kontoor Brands Inc. (NYSE: KTB) to an Overweight in a note to investors on July 11, 2022. Kontoor Brands Inc. (KTB) has been rated Hold by analysts. According to 1 brokerage firm, KTB is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Kontoor Brands Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $39.00, the current consensus forecast for the stock is $23.00 – $63.00. Based on these forecasts, analysts predict Kontoor Brands Inc. (KTB) will achieve an average price target of $41.63.

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