Kontoor Brands Inc [KTB] stock prices are up 11.85% to $85.63 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KTB shares have gain 11.77% over the last week, with a monthly amount glided 6.84%, and seem to be holding up well over a long-time horizon.
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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.
The stock price of Kontoor Brands Inc [KTB] has been fluctuating between $39.90 and $84.21 over the past year. Currently, Wall Street analysts expect the stock to reach $57.25 within the next 12 months. Kontoor Brands Inc [NYSE: KTB] shares were valued at $85.63 at the most recent close of the market. An investor can expect a potential drop of -33.14% based on the average KTB price forecast.
Analyzing the KTB fundamentals
The Kontoor Brands Inc [NYSE:KTB] reported sales of 2.56B for trailing twelve months, representing a drop of -1.29%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.65 and Total Capital is 0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.1.
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 82.47 points at the first support level, and at 79.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.28, and for the 2nd resistance point, it is at 92.92.
Ratios To Look Out For
It’s worth pointing out that Kontoor Brands Inc [NYSE:KTB]’s Current Ratio is 2.74. In addition, the Quick Ratio stands at 1.43 and the Cash Ratio stands at 0.6. Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 12.98 and price to earnings (TTM) ratio is 20.30.
Transactions by insiders
Recent insider trading involved Waldeck Christopher, Former Officer, that happened on Aug 15 ’24 when 21496.0 shares were purchased. Former Officer, Waldeck Christopher completed a deal on Aug 13 ’24 to buy 6205.0 shares. Meanwhile, Former Officer Waldeck Christopher bought 1500.0 shares on Aug 12 ’24.
