Kontoor Brands Inc (NYSE: KTB) is -5.30% lower on its value in year-to-date trading and has touched a low of $37.10 and a high of $64.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KTB stock was last observed hovering at around $57.77 in the last trading session, with the day’s gains setting it 1.34%.
Currently trading at $59.11, the stock is -3.61% and -2.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 2.32% at the moment leaves the stock 20.65% off its SMA200. KTB registered 13.35% gain for a year compared to 6-month gain of 29.34%. The firm has a 50-day simple moving average (SMA 50) of $1.51 and a 200-day simple moving average (SMA200) of $11.27.
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The stock witnessed a -1.99% loss in the last 1 month and extending the period to 3 months gives it a 10.82%, and is -6.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.55% over the week and 2.79% over the month.
Kontoor Brands Inc (KTB) has around 14400 employees, a market worth around $3.32B and $2.61B in sales. Current P/E ratio is 14.56 and Fwd P/E is 11.28. Profit margin for the company is 8.86%. Distance from 52-week low is 59.33% and -8.34% from its 52-week high. The company has generated returns on investments over the last 12 months (19.70%).
Kontoor Brands Inc quarterly earnings per share for the current quarter are estimated at $1.06 with sales reaching $633.78M over the same period.The EPS is expected to grow by 7.61% this year, but quarterly earnings will post 1.70% year-over-year. Quarterly sales are estimated to shrink -5.00% in year-over-year returns.
426 institutions hold shares in Kontoor Brands Inc (KTB), with institutional investors hold 94.68% of the company’s shares. The shares outstanding are 55.52M, and float is at 55.29M with Short Float at 4.58%. Institutions hold 93.19% of the Float.
The top institutional shareholder in the company is PNC Financial Services Group, Inc. with over 10.78 million shares valued at $453.74 million. The investor’s holdings represent 19.20% of the KTB Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 8.01 million shares valued at $337.21 million to account for 14.27% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 6.41 million shares representing 11.41% and valued at over $269.68 million, while FMR, LLC holds 6.68% of the shares totaling 3.75 million with a market value of $157.84 million.
Kontoor Brands Inc (KTB) Insider Activity
A total of 3 insider transactions have happened at Kontoor Brands Inc (KTB) in the last six months, with sales accounting for 1 and purchases happening 2 times. The most recent transaction is an insider sale by Sumner Susan Denise, the company’s VP & Chief Accounting Officer. SEC filings show that Sumner Susan Denise sold 13,288 shares of the company’s common stock on Nov 30 at a price of $54.60 per share for a total of $0.73 million. Following the sale, the insider now owns 13212.0 shares.
Kontoor Brands Inc disclosed in a document filed with the SEC on Mar 16 that Waldeck Christopher (EVP, Co-COO, GB President-Lee) sold a total of 35,684 shares of the company’s common stock. The trade occurred on Mar 16 and was made at $50.99 per share for $1.82 million. Following the transaction, the insider now directly holds 92252.0 shares of the KTB stock.
Still, SEC filings show that on Mar 14, Sumner Susan Denise (VP & Chief Accounting Officer) disposed off 11,535 shares at an average price of $50.53 for $0.58 million. The insider now directly holds 16,326 shares of Kontoor Brands Inc (KTB).
