Kontoor Brands Inc (KTB): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Apparel Manufacturing industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Kontoor Brands Inc is $4.02B. A total of 0.88 million shares were traded on the day, compared to an average of 497.02K shares.

In the most recent transaction, Sumner Susan Denise sold 5,156 shares of KTB for 73.71 per share on May 31 ’24. After the transaction, the VP & Chief Accounting Officer now owns 10,223 company shares. In a previous transaction on May 30 ’24, Baxter Scott H sold 25,332 shares at 72.05 per share. KTB shares that Chair, President and CEO owns now total 318,188.

Among the insiders who sold shares, Sumner Susan Denise disposed of 4,713 shares on May 30 ’24 at a per-share price of $72.36. This resulted in the VP & Chief Accounting Officer holding 15,379 shares of KTB after the transaction. In another insider transaction, Baxter Scott H sold 29,212 shares at $71.52 per share on May 29 ’24. Company shares held by the Chair, President and CEO now total 318,188.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Kontoor Brands Inc pays an annual dividend of $1.98, resulting in a dividend yield of 2.75%, and it has a price to earnings (P/E) ratio of 18.28. KTB’s most recent ex-dividend date was 9/10/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 9/20/2024. Previously, the company paid the dividend on 6/20/2024 with an ex-dividend date of 6/10/2024. The KTB stock dividend was $0.50 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, KTB has a high of $74.90 and a low of $39.90.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $6.95, while its Total Shareholder’s Equity was $148.14M.

Analysts Opinion

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. 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 4.71.

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