Kontoor Brands Inc [KTB] stock is trading at $84.25, up 3.18%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KTB shares have gain 8.61% over the last week, with a monthly amount glided 5.30%, 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 November 01, 2024, when Stifel downgraded its rating to a Hold and also boosted its price target to $93 from $89. Previously, Edward Jones downgraded its rating to Hold on January 26, 2024. On November 06, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $59 on the stock. Goldman upgraded its rating to a Buy and increased its price target to $56 on October 19, 2023. Stifel upgraded its rating to a Buy and raised its price target to $63 on March 01, 2023. Wells Fargo started tracking with a Overweight rating for this stock on July 11, 2022, and assigned it a price target of $40. In a note dated June 10, 2022, Goldman downgraded an Neutral rating on this stock and revised its target price from $55 to $41.
Kontoor Brands Inc [KTB] stock has fluctuated between $39.90 and $89.76 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 $84.25 at the most recent close of the market. An investor can expect a potential drop of -32.05% based on the average KTB price forecast.
Analyzing the KTB fundamentals
Kontoor Brands Inc [NYSE:KTB] reported sales of 2.58B for the trailing twelve months, which represents a growth of 2.45%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.68 and Total Capital is 0.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.25.
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 81.70 points at the first support level, and at 79.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.66, and for the 2nd resistance point, it is at 87.06.
Ratios To Look Out For
For context, Kontoor Brands Inc’s Current Ratio is 2.50. Also, the Quick Ratio is 1.42, while the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 13.01 and price to earnings (TTM) ratio is 19.01.
Transactions by insiders
Recent insider trading involved Doerr Thomas L Jr, EVP, GC, & Secretary, that happened on Nov 01 ’24 when 9039.0 shares were sold. Officer, Doerr Thomas L Jr completed a deal on Nov 01 ’24 to buy 9039.0 shares. Meanwhile, Former Officer Waldeck Christopher bought 21496.0 shares on Aug 15 ’24.
