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In the latest session, Kontoor Brands Inc (NYSE: KTB) closed at $78.21 down -2.42% from its previous closing price of $80.15. In other words, the price has decreased by -$2.42 from its previous closing price. On the day, 0.54 million shares were traded. KTB stock price reached its highest trading level at $79.5 during the session, while it also had its lowest trading level at $77.4.
Ratios:
For a deeper understanding of Kontoor Brands Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.60. For the most recent quarter (mrq), Quick Ratio is recorded 1.43 and its Current Ratio is at 2.74. In the meantime, Its Debt-to-Equity ratio is 2.20 whereas as Long-Term Debt/Eq ratio is at 2.14.
On November 06, 2023, Barclays Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $47 to $59.
Goldman Upgraded its Neutral to Buy on October 19, 2023, whereas the target price for the stock was revised from $51 to $56.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 15 ’24 when Waldeck Christopher bought 21,496 shares for $71.59 per share.
Waldeck Christopher bought 6,205 shares of KTB for $440,757 on Aug 13 ’24. On Aug 12 ’24, another insider, Waldeck Christopher, who serves as the Former Officer of the company, bought 1,500 shares for $71.07 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 4355147264 and an Enterprise Value of 4939127808. As of this moment, Kontoor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.54, and their Forward P/E ratio for the next fiscal year is 14.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 11.86. Its current Enterprise Value per Revenue stands at 1.928 whereas that against EBITDA is 13.293.
Stock Price History:
Over the past 52 weeks, KTB has reached a high of $83.50, while it has fallen to a 52-week low of $39.90. The 50-Day Moving Average of the stock is 6.65%, while the 200-Day Moving Average is calculated to be 19.26%.
Shares Statistics:
For the past three months, KTB has traded an average of 392.63K shares per day and 460470 over the past ten days. A total of 55.72M shares are outstanding, with a floating share count of 54.61M. Insiders hold about 1.93% of the company’s shares, while institutions hold 93.52% stake in the company. Shares short for KTB as of 1726185600 were 3744847 with a Short Ratio of 9.54, compared to 1723680000 on 3582811. Therefore, it implies a Short% of Shares Outstanding of 3744847 and a Short% of Float of 9.26.
Dividends & Splits
According to the company, the forward annual dividend rate for KTB is 2.00, from 1.98 in the trailing year. Against a Trailing Annual Dividend Yield of 0.02470368The stock’s 5-year Average Dividend Yield is 4.03.
