On Tuesday, Kontoor Brands Inc (NYSE: KTB) opened higher 4.97% from the last session, before settling in for the closing price of $57.38. Price fluctuations for KTB have ranged from $37.10 to $64.49 over the past 52 weeks.
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A company in the Consumer Cyclical sector has dropped its sales by -0.42% annually for the last half of the decade. Company’s average yearly earnings per share was noted 4.82% at the time writing. With a float of $54.67 million, this company’s outstanding shares have now reached $55.72 million.
In an organization with 13700 employees, it is important to assess its efficiency.
Kontoor Brands Inc (KTB) Insider Updates
A key investor’s attitude towards the stock of the Apparel Manufacturing industry is another important factor to consider. The insider ownership of Kontoor Brands Inc is 1.96%, while institutional ownership is 93.41%. The most recent insider transaction that took place on Mar 01 ’24, was worth 6,793,801. In this transaction Chair, President and CEO of this company sold 114,966 shares at a rate of $59.09, taking the stock ownership to the 291,175 shares. Before that another transaction happened on Nov 30 ’23, when Company’s VP & Chief Accounting Officer sold 13,288 for $54.60, making the entire transaction worth $725,453. This insider now owns 13,212 shares in total.
Kontoor Brands Inc (KTB) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted 1.16 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 1.18) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.82% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.00% during the next five years compared to -2.73% drop over the previous five years of trading.
Kontoor Brands Inc (NYSE: KTB) Trading Performance Indicators
Check out the current performance indicators for Kontoor Brands Inc (KTB). In the past quarter, the stock posted a quick ratio of 1.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.29. Likewise, its price to free cash flow for the trailing twelve months is 10.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.06, a number that is poised to hit 0.90 in the next quarter and is forecasted to reach 5.13 in one year’s time.
Technical Analysis of Kontoor Brands Inc (KTB)
Let’s dig in a bit further. During the last 5-days, its volume was 0.48 million. That was inferior than the volume of 0.55 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 90.95%. Additionally, its Average True Range was 1.62.
During the past 100 days, Kontoor Brands Inc’s (KTB) raw stochastic average was set at 63.09%, which indicates a significant decrease from 99.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.18% in the past 14 days, which was lower than the 32.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $59.04, while its 200-day Moving Average is $52.21. However, in the short run, Kontoor Brands Inc’s stock first resistance to watch stands at $61.22. Second resistance stands at $62.22. The third major resistance level sits at $64.16. If the price goes on to break the first support level at $58.29, it is likely to go to the next support level at $56.35. Assuming the price breaks the second support level, the third support level stands at $55.36.
Kontoor Brands Inc (NYSE: KTB) Key Stats
There are currently 55,760K shares outstanding in the company with a market cap of 3.36 billion. Presently, the company’s annual sales total 2,607 M according to its annual income of 230,990 K. Last quarter, the company’s sales amounted to 669,800 K and its income totaled 68,770 K.
