Kontoor Brands Inc [NYSE: KTB] closed the trading session at $85.98.
The stocks have a year to date performance of 0.67 percent and weekly performance of -0.36 percent. The stock has been moved at 25.10 percent over the last six months. The stock has performed -4.41 percent around the most recent 30 days and changed 3.55 percent over the most recent 3-months.
If compared to the average trading volume of 450.58K shares, KTB reached to a volume of 266469 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Kontoor Brands Inc [KTB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KTB shares is $94.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KTB stock is a recommendation set at 2.12. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Kontoor Brands Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 01, 2024. The new note on the price target was released on January 26, 2024, representing the official price target for Kontoor Brands Inc stock. Previously, the target price had yet another raise from $47 to $59, while Barclays kept a Overweight rating on KTB stock. On October 19, 2023, analysts increased their price target for KTB shares from 51 to 56.
The Average True Range (ATR) for Kontoor Brands Inc is set at 2.22, with the Price to Sales ratio for KTB stock in the period of the last 12 months amounting to 1.84. The Price to Book ratio for the last quarter was 13.28, with the Price to Cash per share for the same quarter was set at 4.89. Price to Free Cash Flow for KTB in the course of the last twelve months was 9.93 with Quick ratio for the last quarter at 1.42.
KTB stock trade performance evaluation
Kontoor Brands Inc [KTB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.36. With this latest performance, KTB shares dropped by -4.41% in over the last four-week period, additionally plugging by 25.10% over the last 6 months – not to mention a rise of 49.90% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KTB stock in for the last two-week period is set at 47.82, with the RSI for the last a single of trading hit 49.18, and the three-weeks RSI is set at 48.59 for Kontoor Brands Inc [KTB]. The present Moving Average for the last 50 days of trading for this stock 88.47, while it was recorded at 84.95 for the last single week of trading, and 74.99 for the last 200 days.
Kontoor Brands Inc [KTB]: An insightful look at the core fundamentals
Kontoor Brands Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.42 and a Current Ratio set at 2.50.
Earnings per share (EPS) analysis for Kontoor Brands Inc [KTB] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KTB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kontoor Brands Inc go to 8.00%.
Kontoor Brands Inc [KTB]: Institutional Ownership
There are presently around $95.50%, or 97.24%% of KTB stock, in the hands of institutional investors. The top three institutional holders of KTB stocks are: PNC FINANCIAL SERVICES GROUP, INC. with ownership of 8.52 million shares, which is approximately 15.267%. BLACKROCK INC., holding 7.92 million shares of the stock with an approximate value of $$523.84 million in KTB stocks shares; and BLACKROCK INC., currently with $$419.38 million in KTB stock with ownership which is approximately 11.3596%.
