Kontoor Brands Inc. (NYSE:KTB) closed Thursday at $40.28 per share, up from $39.60 a day earlier. While Kontoor Brands Inc. has overperformed by 1.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KTB rose by 10.18%, with highs and lows ranging from $53.83 to $30.98, whereas the simple moving average fell by -4.74% in the last 200 days.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Sponsored
Analysis of Kontoor Brands Inc. (KTB)
The current dividend for KTB investors is set at $1.92 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -1.90%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Kontoor Brands Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 98.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.90, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and KTB is recording an average volume of 521.01K. On a monthly basis, the volatility of the stock is set at 3.19%, whereas on a weekly basis, it is put at 2.82%, with a loss of -1.66% over the past seven days. Furthermore, long-term investors anticipate a median target price of $51.71, showing growth from the present price of $40.28, 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?
Kontoor Brands Inc. (KTB) is based in the USA and is one of the most prominent companies operating in the Apparel Manufacturing market. 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 9.89, there is a growth in quarterly earnings of -16.70%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 0.90%. 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 95.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in KTB shares?
The recent increase in stakes in KTB appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in KTB has decreased by -0.93% in the first quarter. The company now owns 7,604,206 shares of the stock, with a value of $343.48 million, following the sale of -71,036 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in KTB during the first quarter, upping its stake by 1.39%. During the last quarter, the company dropped down 86,105 additional shares for a total stake of worth $284.11 million, bringing number of shares owned by the company to 6,289,851.
During the first quarter, PNC Bank, NA subtracted a -3,277 position in KTB. Threadneedle Asset Management Ltd sold an additional -0.15 million shares in the last quarter, decreasing its holdings by -6.24%, now holding 2.29 million shares worth $103.53 million. KTB shares are owned by institutional investors to the tune of 95.20% at present.
