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Sunday, December 3, 2023

Investing In Kontoor Brands Inc (NYSE: KTB): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Kontoor Brands Inc (KTB) shows that investor sentiment remained same, with the stock’s consolidated last price to $52.34. The Kontoor Brands Inc has recorded 34,558 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Craig Morgan, The War And Treaty, Darius Rucker & More Join Musicians On Call and Wrangler® in Support of Hospitalized Veterans.

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Stocks Info

The company is listed on the NYSE and operates within the Apparel Manufacturing industry segment. At the end of the last regular session, the stock closed at $52.34 and fluctuated between $53.66 as its day high and $51.12 as its day low. The current market capitalization of Kontoor Brands Inc is $2.94B. A total of 0.69 million shares were traded on the day, compared to an average of 436.55K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, KTB has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 19,318 and the disposition of 88 shares. Over the last 12 months, there were 27 BUYs and 30 SELLs from insiders. Insiders purchased 391,341 shares during that period but sold 206,874.

In the most recent transaction, Waldeck Christopher sold 35,684 shares of KTB for 50.99 per share on Mar 16. After the transaction, the EVP, Co-COO, GB President-Lee now owns 92,252 company shares. In a previous transaction on Mar 14, Sumner Susan Denise sold 11,535 shares at 50.53 per share. KTB shares that VP & Chief Accounting Officer owns now total 16,326.

Among the insiders who sold shares, Waldron Thomas E. disposed of 31,237 shares on Mar 09 at a per-share price of $51.93. This resulted in the EVP, Co-COO, GB Pres Wrangler holding 101,347 shares of KTB after the transaction. In another insider transaction, Waldron Thomas E. sold 31,429 shares at $51.72 per share on Mar 08. Company shares held by the EVP, Co-COO, GB Pres Wrangler now total 96,742.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Kontoor Brands Inc pays an annual dividend of $1.85, resulting in a dividend yield of 3.54%, and it has a price to earnings (P/E) ratio of 13.92. KTB’s most recent ex-dividend date was 12/7/2023 when it declared a $0.50 quarterly dividend that was paid in cash on 12/18/2023. Previously, the company paid the dividend on 9/18/2023 with an ex-dividend date of 9/7/2023. The KTB stock dividend was $0.48 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for KTB in the last 3 months, the mean price target is $54.71 with high estimates of $65.00 and low estimates of $27.00. In terms of 52-week highs and lows, KTB has a high of $53.83 and a low of $37.10.

As of this writing, KTB has an earnings estimate of $1.36 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.39 per share and a lower estimate of $1.33.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. KTB’s latest balance sheet shows that the firm has $185.32M in Cash & Short Term Investments as of fiscal 2021. There were $848.75M in debt and $455.81M in liabilities at the time. Its Book Value Per Share was $6.19, while its Total Shareholder’s Equity was $148.14M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KTB is Buy with a score of 5.00.

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