A new trading day began on Friday, with Kontoor Brands Inc (NYSE: KTB) stock price down -4.13% from the previous day of trading, before settling in for the closing price of $70.51. KTB’s price has ranged from $50.00 to $96.80 over the past 52 weeks.
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A company in the Consumer Cyclical sector has jumped its sales by 20.90% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 7.44%. With a float of $54.54 million, this company’s outstanding shares have now reached $55.43 million.
In an organization with 13200 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 45.0%, operating margin of 12.67%, and the pretax margin is 10.87%.
Kontoor Brands Inc (KTB) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Apparel Manufacturing Industry. The insider ownership of Kontoor Brands Inc is 1.84%, while institutional ownership is 91.69%. The most recent insider transaction that took place on Nov 20 ’24, was worth 816,028. In this transaction EVP, Global Brands President of this company sold 9,070 shares at a rate of $89.97, taking the stock ownership to the 37,546 shares. Before that another transaction happened on Nov 20 ’24, when Company’s EVP, Global Brands President sold 4,768 for $89.97, making the entire transaction worth $428,977. This insider now owns 0 shares in total.
Kontoor Brands Inc (KTB) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 7.44% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.74% during the next five years compared to 20.90% growth over the previous five years of trading.
Kontoor Brands Inc (NYSE: KTB) Trading Performance Indicators
Here are Kontoor Brands Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.44. Likewise, its price to free cash flow for the trailing twelve months is 10.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.08, a number that is poised to hit 0.82 in the next quarter and is forecasted to reach 5.77 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 0.68 million. That was inferior than the volume of 0.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 54.18%.
During the past 100 days, Kontoor Brands Inc’s (KTB) raw stochastic average was set at 42.05%, which indicates a significant decrease from 49.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 2.28 in the past 14 days, which was lower than the 2.56 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $68.00, while its 200-day Moving Average is $75.94. However, in the short run, Kontoor Brands Inc’s stock first resistance to watch stands at $70.44. Second resistance stands at $73.28. The third major resistance level sits at $74.80. If the price goes on to break the first support level at $66.08, it is likely to go to the next support level at $64.56. The third support level lies at $61.72 if the price breaches the second support level.
Kontoor Brands Inc (NYSE: KTB) Key Stats
With a market capitalization of 3.76 billion, the company has a total of 55,561K Shares Outstanding. Currently, annual sales are 2,608 M while annual income is 245,800 K. The company’s previous quarter sales were 622,900 K while its latest quarter income was 42,880 K.
