Currently, there are 55.13M common shares owned by the public and among those 54.11M shares have been available to trade.
The company’s stock has a 5-day price change of -2.61% and -7.47% over the past three months. KTB shares are trading -1.97% year to date (YTD), with the 12-month market performance up to 36.64% higher. It has a 12-month low price of $52.95 and touched a high of $96.80 over the same period. KTB has an average intraday trading volume of 454.59K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.01%, -4.57%, and 7.43% respectively.
Institutional ownership of Kontoor Brands Inc (NYSE: KTB) shares accounts for 94.98% of the company’s 55.13M shares outstanding.
It has a market capitalization of $4.62B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 18.90, while the earnings-per-share (ttm) stands at $4.43. The company has a PEG of 1.94 and a Quick Ratio of 1.42 with the debt-to-equity ratio at 2.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.39% over the week and 3.15% over the month.
Earnings per share for the fiscal year are expected to increase by 8.69%, and 11.64% over the next financial year. EPS should grow at an annualized rate of 9.76% over the next five years, compared to -2.73% over the past 5-year period.
Looking at the support for the KTB, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on November 01, 2024, with the firm’s price target at $89-$93. Barclays was of a view on November 06, 2023 that the stock is Overweight, while Goldman gave the stock Buy rating on October 19, 2023, issuing a price target of $51- $56. Stifel on their part issued Buy rating on March 01, 2023.
