Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Kontoor Brands Inc (NYSE: KTB) was $66.52 for the day, down -1.60% from the previous closing price of $67.6. In other words, the price has decreased by -$1.60 from its previous closing price. On the day, 0.7 million shares were traded. KTB stock price reached its highest trading level at $68.31 during the session, while it also had its lowest trading level at $66.1722.
Ratios:
Our analysis of KTB’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.93. For the most recent quarter (mrq), Quick Ratio is recorded 1.65 and its Current Ratio is at 2.78. In the meantime, Its Debt-to-Equity ratio is 1.86 whereas as Long-Term Debt/Eq ratio is at 1.80.
On November 01, 2024, Stifel Downgraded its rating to Hold which previously was Buy and also upped its target price recommendation from $89 to $93.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 20 ’24 when Broyles Jennifer H. sold 9,070 shares for $89.97 per share. The transaction valued at 816,028 led to the insider holds 37,546 shares of the business.
Broyles Jennifer H. sold 4,768 shares of KTB for $428,977 on Nov 20 ’24. The EVP, Global Brands President now owns 0 shares after completing the transaction at $89.97 per share. On Nov 20 ’24, another insider, Broyles Jennifer H., who serves as the Member of immediate family of of the company, bought 4,768 shares for $89.97 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KTB now has a Market Capitalization of 3695944192 and an Enterprise Value of 4100208640. As of this moment, Kontoor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.30, and their Forward P/E ratio for the next fiscal year is 11.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.42 while its Price-to-Book (P/B) ratio in mrq is 8.64. Its current Enterprise Value per Revenue stands at 1.577 whereas that against EBITDA is 9.695.
Stock Price History:
The Beta on a monthly basis for KTB is 1.14, which has changed by -0.026346624 over the last 52 weeks, in comparison to a change of 0.10611236 over the same period for the S&P500. Over the past 52 weeks, KTB has reached a high of $96.80, while it has fallen to a 52-week low of $50.00. The 50-Day Moving Average of the stock is -2.36%, while the 200-Day Moving Average is calculated to be -12.34%.
Shares Statistics:
KTB traded an average of 666.41K shares per day over the past three months and 693820 shares per day over the past ten days. A total of 55.43M shares are outstanding, with a floating share count of 54.54M. Insiders hold about 1.84% of the company’s shares, while institutions hold 91.69% stake in the company. Shares short for KTB as of 1749772800 were 3221027 with a Short Ratio of 5.20, compared to 1747267200 on 2917893. Therefore, it implies a Short% of Shares Outstanding of 3221027 and a Short% of Float of 7.99.
Dividends & Splits
With its trailing 12-month dividend rate of 2.04, KTB has a forward annual dividend rate of 2.06. Against a Trailing Annual Dividend Yield of 0.030177515The stock’s 5-year Average Dividend Yield is 3.61.
