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After finishing at $62.0 in the prior trading day, Kontoor Brands Inc (NYSE: KTB) closed at $60.83, down -1.89%. In other words, the price has decreased by -$1.89 from its previous closing price. On the day, 0.58 million shares were traded. KTB stock price reached its highest trading level at $62.04 during the session, while it also had its lowest trading level at $60.63.
Ratios:
Our goal is to gain a better understanding of KTB by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.08. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 3379800064 and an Enterprise Value of 3814623232. As of this moment, Kontoor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.90, and their Forward P/E ratio for the next fiscal year is 10.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30 while its Price-to-Book (P/B) ratio in mrq is 7.90. Its current Enterprise Value per Revenue stands at 1.468 whereas that against EBITDA is 9.02.
Stock Price History:
The Beta on a monthly basis for KTB is 1.12, which has changed by -0.13285816 over the last 52 weeks, in comparison to a change of 0.15366066 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 -9.34%, while the 200-Day Moving Average is calculated to be -18.85%.
Shares Statistics:
The stock has traded on average 672.25K shares per day over the past 3-months and 622370 shares per day over the last 10 days, according to various share statistics. A total of 55.43M shares are outstanding, with a floating share count of 54.54M. Insiders hold about 1.83% of the company’s shares, while institutions hold 92.05% stake in the company. Shares short for KTB as of 1752537600 were 3629012 with a Short Ratio of 5.40, compared to 1749772800 on 3221027. Therefore, it implies a Short% of Shares Outstanding of 3629012 and a Short% of Float of 9.0.
Dividends & Splits
In the trailing 12 months, KTB’s forward annual dividend rate was 2.04, compared to 2.06 this year. Against a Trailing Annual Dividend Yield of 0.032903224The stock’s 5-year Average Dividend Yield is 3.61.
