While Kontoor Brands Inc has overperformed by 2.49%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KTB rose by 7.61%, with highs and lows ranging from $96.80 to $52.95, whereas the simple moving average fell by -18.52% in the last 200 days.
On November 01, 2024, Stifel Downgraded Kontoor Brands Inc (NYSE: KTB) to Hold. A report published by Edward Jones on January 26, 2024, Downgraded its rating to ‘Hold’ for KTB. Barclays also Upgraded KTB shares as ‘Overweight’, setting a target price of $59 on the company’s shares in a report dated November 06, 2023. Goldman October 19, 2023d the rating to Buy on October 19, 2023, and set its price target from $51 to $56. Stifel March 01, 2023d its ‘Hold’ rating to ‘Buy’ for KTB, as published in its report on March 01, 2023. Wells Fargo’s report from July 11, 2022 suggests a price prediction of $40 for KTB shares, giving the stock a ‘Overweight’ rating. Goldman also rated the stock as ‘Neutral’.
Analysis of Kontoor Brands Inc (KTB)
A return on investment can be expected regardless of KTB’s performance over the next quarter with the dividend set at $2.04 per share. Further, the quarter-over-quarter increase in sales is 4.48%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Kontoor Brands Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 63.68% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.71, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and KTB is recording an average volume of 676.49K. On a monthly basis, the volatility of the stock is set at 4.85%, whereas on a weekly basis, it is put at 3.98%, with a gain of 3.96% over the past seven days. Furthermore, long-term investors anticipate a median target price of $82.00, showing growth from the present price of $63.50, which can serve as yet another indication of whether KTB is worth investing in or should be passed over.
How Do You Analyze Kontoor Brands Inc Shares?
A leading company in the Apparel Manufacturing sector, Kontoor Brands Inc (KTB) is based in the USA. When comparing Kontoor Brands Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 14.54, there is a growth in quarterly earnings of -5.40%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.93%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 94.87% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
