At the time of writing, Kontoor Brands Inc [KTB] stock is trading at $70.89, down -1.57%. 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 7.75% over the last week, with a monthly amount glided 4.80%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Stifel downgraded its rating to Hold on November 01, 2024, and elevated its price target to $93. On January 26, 2024, downgrade downgraded it’s rating to Hold. Barclays upgraded its rating to a Overweight and increased its price target to $59 on November 06, 2023. Goldman upgraded its rating to a Buy and raised its price target to $56 on October 19, 2023. Stifel upgraded its rating to Buy for this stock on March 01, 2023, and upped its price target to $63. In a note dated July 11, 2022, Wells Fargo initiated an Overweight rating and provided a target price of $40 on this stock.
For the past year, the stock price of Kontoor Brands Inc fluctuated between $50.00 and $96.80. Currently, Wall Street analysts expect the stock to reach $83.33 within the next 12 months. Kontoor Brands Inc [NYSE: KTB] shares were valued at $70.89 at the most recent close of the market. An investor can expect a potential return of 17.55% based on the average KTB price forecast.
Analyzing the KTB fundamentals
According to Kontoor Brands Inc [NYSE:KTB], the company’s sales were 2.60B for trailing twelve months, which represents an -1.18% plunge. Gross Profit Margin for this corporation currently stands at 0.45% 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 0.14, Equity is 0.59 and Total Capital is 0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.86.
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 70.10 points at the first support level, and at 69.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.94, and for the 2nd resistance point, it is at 73.00.
Ratios To Look Out For
It is important to note that Kontoor Brands Inc [NYSE:KTB] has a current ratio of 2.78. As well, the Quick Ratio is 1.65, while the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 9.21 and price to earnings (TTM) ratio is 17.37.
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.
