The stock of Kontoor Brands Inc. (NYSE:KTB) increased by $0.81 on Friday to finish at $47.45, up 1.74 percent. The last five days have seen an average of 419,140 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $7.46. The average number of shares traded over the last 20 days was 438,160, while the average volume over the last 50 days totaled 456,190.
KTB stock appreciated 18.27% since last month. On 07/17/23, the company’s shares reached a one-month low of $38.49. The stock touched a high of $53.83 on 03/01/23, after rallying from a low of $31.46 in 52 weeks. The price of KTB stock has risen by 18.65% or $7.46 this year, reaching a new high 15 times. Still, the stock price is down -11.85% from the 52-week high.
Insider Transactions
KTB stock investors should be aware that Kontoor Brands Inc. (KTB) stock had its last reported insider trading activity 151 days ago on Mar 16. On Mar 16, EVP, Co-COO, GB President-Lee Waldeck Christopher sold 35,684 shares at $50.99 each. This transaction resulted in the insider making $1,819,354. On Mar 14, Sumner Susan Denise sold 11,535 shares at a price of US$50.53. After the transaction, the insider now owns 16,326 shares. EVP, Co-COO, GB Pres Wrangler Waldron Thomas E. had earlier sold 31,237 shares on Mar 09 for $51.93 a share. The transaction was completed for $1,622,169.
Valuation Metrics
Kontoor Brands Inc. (KTB) has a trailing price-to-earnings (P/E) ratio of 13.11. Beta for the stock is 1.13. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.00, the price-to-book (PB) ratio of 8.24, and the price-to-cash flow ratio of 44.37.
Company paid $0.48 per share in dividends, remained unchanged from $0.48 last year.
Financial Health
For the three months ended June 29, Kontoor Brands Inc.’s quick ratio was 1.00, while its current ratio was 2.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.39, and the total debt to equity ratio is 2.44. As far as profitability goes, gross margin for the trailing twelve months is 42.00% percent. Kontoor Brands Inc.’s EBITDA margin for the year ended June 29 was 14.96%, whereas its operating margin stood at 12.10% for the same period. Based on annual data, it had gross profit of $1.13 billion and revenue of $2.63 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KTB’s return on assets (ROA) during the last 12 months has been 12.70%. There was a 26.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 76.00%.
Earnings Surprise
According to Kontoor Brands Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $616.01 million, while revenues rose by 0.4% to $667.12 million. It was predicted that Kontoor Brands Inc.’s quarterly earnings would be $0.64, but it ended up being $0.64. EBITDA was $72.49 million for the quarter. At the end of Kontoor Brands Inc.’s most recent quarter ended June 29, its liabilities totaled 1.29 billion, while its total debt was $852.28 million. Equity owned by shareholders amounts to $56.12 million.
Technical Picture
Here’s a quick look at Kontoor Brands Inc.’s (KTB) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 70.47%, suggesting the stock is Overbought, with a 85.70% historical volatility rate.
The stochastic %K and %D were 77.70% and 78.43% respectively, while the average true range (ATR) was 1.55. Based on the 14-day stochastic reading of 83.54%, the RSI (14) reading is 67.10%. On the 9-day MACD Oscillator, the stock is at 1.03, and the 14-day reading is at 2.43.
Analyst Ratings
In its most recent analyst report, Stifel raised its rating on Kontoor Brands Inc. (NYSE: KTB) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Kontoor Brands Inc. (KTB) an Overweight rating. KTB is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is KTB’s price target for the next 12 months?
The current consensus forecast for the stock is between $27.00 and $65.00, with a median target price of $56.00. In analyzing these forecasts, the average price target given by analysts for Kontoor Brands Inc. (KTB) is $52.71.
