Kontoor Brands Inc (NYSE: KTB)’s stock price has soared by 9.75 in relation to previous closing price of 62.14. Nevertheless, the company has seen a gain of 10.36% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-02 that Kontoor Brands (KTB) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.16 per share a year ago.
Is It Worth Investing in Kontoor Brands Inc (NYSE: KTB) Right Now?
Kontoor Brands Inc (NYSE: KTB) has a higher price-to-earnings ratio of 16.81x compared to its average ratio, The 36-month beta value for KTB is at 1.14. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for KTB is 54.67M, and currently, shorts hold a 7.94% of that float. The average trading volume for KTB on May 02, 2024 was 628.67K shares.
KTB’s Market Performance
The stock of Kontoor Brands Inc (KTB) has seen a 10.36% increase in the past week, with a 18.71% rise in the past month, and a 13.72% gain in the past quarter. The volatility ratio for the week is 2.78%, and the volatility levels for the past 30 days are at 2.72% for KTB. The simple moving average for the past 20 days is 18.15% for KTB’s stock, with a 28.90% simple moving average for the past 200 days.
Analysts’ Opinion of KTB
Barclays, on the other hand, stated in their research note that they expect to see KTB reach a price target of $59, previously predicting the price at $47. The rating they have provided for KTB stocks is “Overweight” according to the report published on November 06th, 2023.
Goldman gave a rating of “Buy” to KTB, setting the target price at $56 in the report published on October 19th of the previous year.
KTB Trading at 15.54% from the 50-Day Moving Average
After a stumble in the market that brought KTB to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 5.75% of gains for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares surge +19.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.82% upper at present.
During the last 5 trading sessions, KTB rose by +10.09%, which changed the moving average for the period of 200-days by +69.62% in comparison to the 20-day moving average, which settled at $58.28. In addition, Kontoor Brands Inc saw 9.26% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KTB starting from Baxter Scott H, who sale 114,966 shares at the price of $59.09 back on Mar 01 ’24. After this action, Baxter Scott H now owns 291,175 shares of Kontoor Brands Inc, valued at $6,793,801 using the latest closing price.
Sumner Susan Denise, the VP & Chief Accounting Officer of Kontoor Brands Inc, sale 13,288 shares at $54.60 during a trade that took place back on Nov 30 ’23, which means that Sumner Susan Denise is holding 13,212 shares at $725,453 based on the most recent closing price.
Stock Fundamentals for KTB
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.42 for the gross margin
The net margin for Kontoor Brands Inc stands at 0.09. The total capital return value is set at 0.26. Equity return is now at value 74.19, with 14.31 for asset returns.
Based on Kontoor Brands Inc (KTB), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 2.26. The interest coverage ratio of the stock is 7.59.
Currently, EBITDA for the company is 350.35 million with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 1.71. The receivables turnover for the company is 11.98for trailing twelve months and the total asset turnover is 1.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.66.
Conclusion
In conclusion, Kontoor Brands Inc (KTB) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
