In the latest session, Kontoor Brands Inc (NYSE: KTB) closed at $57.77 down -8.95% from its previous closing price of $63.45. In other words, the price has decreased by -$5.68 from its previous closing price. On the day, 1787131 shares were traded.
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 41.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.94. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 2.65. In the meantime, Its Debt-to-Equity ratio is 2.44 whereas as Long-Term Debt/Eq ratio is at 2.33.
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 Nov 30 when Sumner Susan Denise sold 13,288 shares for $54.60 per share. The transaction valued at 725,453 led to the insider holds 13,212 shares of the business.
Waldeck Christopher sold 35,684 shares of KTB for $1,819,354 on Mar 16. The EVP, Co-COO, GB President-Lee now owns 92,252 shares after completing the transaction at $50.99 per share. On Mar 14, another insider, Sumner Susan Denise, who serves as the VP & Chief Accounting Officer of the company, sold 11,535 shares for $50.53 each. As a result, the insider received 582,821 and left with 16,326 shares of the company.
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 3.25B and an Enterprise Value of 4.02B. As of this moment, Kontoor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.37, and their Forward P/E ratio for the next fiscal year is 10.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 9.34. Its current Enterprise Value per Revenue stands at 1.50 whereas that against EBITDA is 11.17.
Stock Price History:
Over the past 52 weeks, KTB has reached a high of $64.49, while it has fallen to a 52-week low of $37.10. The 50-Day Moving Average of the stock is 60.45, while the 200-Day Moving Average is calculated to be 48.91.
Shares Statistics:
For the past three months, KTB has traded an average of 454.68K shares per day and 459.71k over the past ten days. A total of 55.52M shares are outstanding, with a floating share count of 55.29M. Insiders hold about 1.59% of the company’s shares, while institutions hold 92.68% stake in the company. Shares short for KTB as of Feb 15, 2024 were 2.53M with a Short Ratio of 5.57, compared to 2.73M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.50% and a Short% of Float of 6.14%.
Dividends & Splits
According to the company, the forward annual dividend rate for KTB is 1.94, from 1.92 in the trailing year. Against a Trailing Annual Dividend Yield of 3.03%, it implies a Forward Annual Dividend Yield of 3.15%.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.37 for the current quarter, with a high estimate of $1.4 and a low estimate of $1.35, while EPS last year was $0.88. The consensus estimate for the next quarter is $1.31, with high estimates of $1.37 and low estimates of $1.24.
Analysts are recommending an EPS of between $4.54 and $4.22 for the fiscal current year, implying an average EPS of $4.32. EPS for the following year is $5.11, with 6 analysts recommending between $5.31 and $4.68.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $726.9M this quarter.It ranges from a high estimate of $733.84M to a low estimate of $720.7M. As of the current estimate, Kontoor Brands Inc’s year-ago sales were $731.61M, an estimated decrease of -0.60% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $675.03M, an increase of 1.20% over than the figure of -$0.60% in the same quarter last year. There is a high estimate of $680M for the next quarter, whereas the lowest estimate is $671.11M.
A total of 7 analysts have provided revenue estimates for KTB’s current fiscal year. The highest revenue estimate was $2.67B, while the lowest revenue estimate was $2.66B, resulting in an average revenue estimate of $2.66B. In the same quarter a year ago, actual revenue was $2.63B, up 1.20% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $2.72B in the next fiscal year. The high estimate is $2.77B and the low estimate is $2.64B. The average revenue growth estimate for next year is up 2.20% from the average revenue estimate for this year.
