Kontoor Brands Inc [KTB] stock is trading at $70.15, up 0.76%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KTB shares have gain 5.82% over the last week, with a monthly amount glided 8.14%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Kontoor Brands Inc [NYSE: KTB] stock has seen the most recent analyst activity on January 26, 2024, when Edward Jones downgraded its rating to a Hold. Previously, Barclays upgraded its rating to Overweight on November 06, 2023, and elevated its price target to $59. On October 19, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $56 on the stock. Stifel upgraded its rating to a Buy and increased its price target to $63 on March 01, 2023. Wells Fargo initiated its recommendation with a Overweight and recommended $40 as its price target on July 11, 2022. Goldman downgraded its rating to Neutral for this stock on June 10, 2022, and downed its price target to $41. In a note dated June 08, 2022, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $53 to $40.
Kontoor Brands Inc [KTB] stock has fluctuated between $39.90 and $74.90 over the past year. Currently, Wall Street analysts expect the stock to reach $46.33 within the next 12 months. Kontoor Brands Inc [NYSE: KTB] shares were valued at $70.15 at the most recent close of the market. An investor can expect a potential drop of -33.96% based on the average KTB price forecast.
Analyzing the KTB fundamentals
Kontoor Brands Inc [NYSE:KTB] reported sales of 2.57B for the trailing twelve months, which represents a drop of -5.42%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.63 and Total Capital is 0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 68.18 points at the first support level, and at 66.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.98, and for the 2nd resistance point, it is at 73.82.
Ratios To Look Out For
For context, Kontoor Brands Inc’s Current Ratio is 2.70. As well, the Quick Ratio is 1.42, while the Cash Ratio is 0.55. Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 10.09 and price to earnings (TTM) ratio is 17.80.
Transactions by insiders
Recent insider trading involved Sumner Susan Denise, VP & Chief Accounting Officer, that happened on May 31 ’24 when 5156.0 shares were sold. Chair, President and CEO, Baxter Scott H completed a deal on May 30 ’24 to sell 25332.0 shares. Meanwhile, VP & Chief Accounting Officer Sumner Susan Denise sold 4713.0 shares on May 30 ’24.
