Stifel raised the price target for the Kontoor Brands Inc. (NYSE:KTB) stock from “a Hold” to “a Buy”. The rating was released on March 01, 2023, according to finviz. The research report from Goldman has downgraded the stock from Buy to Neutral, with a price target set at $41. The stock was downgraded by Barclays, who disclosed in a research note on June 08, 2022, from Overweight to Equal Weight and set the price objective to $40. In their research brief published July 14, 2021, Goldman analysts initiated the Kontoor Brands Inc. stock to Buy with a price target of $69.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Kontoor Brands Inc. (NYSE:KTB) dipped -2.97% to close Friday’s market session at $49.37, lower as compared to yesterday’s close. The stock price fluctuated between $49.04 and $50.595 throughout the trading session with the volume trading being 959792 shares, which represented a significant variation when compared to the three months average volume of 415.77K shares. The firm’s stock price fluctuated -2.39% within the last five trades and 5.51% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 35.89% in the last 6 months and 16.30% was added to its value over the previous 3 months. KTB stock is trading at a margin of 0.96%, 4.28% and 23.12% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, KTB deals in the Consumer Cyclical domain. The stock is trading -8.29 percent below its 52-week high and 59.36 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 20.04. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Kontoor Brands Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 13.60 percent and the profit margin is 9.30 percent, and the company has reported a gross margin of 43.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.78 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Kontoor Brands Inc. (NYSE:KTB) is 11.47. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.88. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.06 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 10.92, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.90 percent of Kontoor Brands Inc. shares are owned by insiders, and 95.20 percent are held by financial institutions. Waldeck Christopher, the EVP, Co-COO, GB President-Lee at Kontoor Brands Inc. (KTB) has sold 35,684 shares of firm on Mar 16 at a price of $50.99 against the total amount of $1.82 million. In another inside trade, Sumner Susan Denise, VP & Chief Accounting Officer of Kontoor Brands Inc. (NYSE:KTB) sold 11,535 shares of the firm on Mar 14 for a total worth of $0.58 million at a price of $50.53. An inside trade which took place on Mar 09, EVP, Co-COO, GB Pres Wrangler of Kontoor Brands Inc. Waldron Thomas E. sold 31,237 shares of firm against total price of $1.62 million at the cost of $51.93 per share.