At the time of writing, Kontoor Brands Inc [KTB] stock is trading at $63.50, up 2.49%. An important factor to consider is whether the stock is rising or falling in short-term value. The KTB shares have gain 3.96% over the last week, with a monthly amount drifted -25.94%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Kontoor Brands Inc fluctuated between $52.95 and $96.80. Currently, Wall Street analysts expect the stock to reach $93 within the next 12 months. Kontoor Brands Inc [NYSE: KTB] shares were valued at $63.50 at the most recent close of the market. An investor can expect a potential return of 46.46% based on the average KTB price forecast.
Analyzing the KTB fundamentals
According to Kontoor Brands Inc [NYSE:KTB], the company’s sales were 2.61B for trailing twelve months, which represents an 4.48% jump. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.12%, 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 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.98.
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 62.25 points at the first support level, and at 61.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.22, and for the 2nd resistance point, it is at 64.95.
Ratios To Look Out For
It is important to note that Kontoor Brands Inc [NYSE:KTB] has a current ratio of 2.70. On the other hand, the Quick Ratio is 1.71, and the Cash Ratio is 0.85. Considering the valuation of this stock, the price to sales ratio is 1.35, the price to book ratio is 8.78 and price to earnings (TTM) ratio is 14.54.
Transactions by insiders
Recent insider trading involved Broyles Jennifer H., EVP, Global Brands President, that happened on Nov 20 ’24 when 9070.0 shares were sold. EVP, Global Brands President, Broyles Jennifer H. completed a deal on Nov 20 ’24 to sell 4768.0 shares. Meanwhile, Member of immediate family of Broyles Jennifer H. bought 4768.0 shares on Nov 20 ’24.
