Kontoor Brands Inc. (NYSE:KTB) went up by 0.29% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Apparel Manufacturing giant went up by $17.24 to trade ended Thursday trading at $17.19. This is up from the $17.19 price recorded on Wednesday’s trading session. Thanks to this latest performance, KTB is closer to the higher price 52-week target of $30.00 and further from the lowest price target of $6.00. Its performance from the start of the year has also been negative, with KTB down by -58.94% year-to-date.
Kontoor Brands Inc. (KTB) started the day trading at $17.18 and recorded an intraday high of $17.85. It also recorded an intraday low of $16.78 during Thursday’s trading session. Kontoor Brands Inc. is a very active stock that recorded a trading volume that is less than -174.9% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 643861, which is less than -174.9 of the total average daily trading volume of 1.77 million.
Kontoor Brands Inc. (NYSE:KTB) 2020 Performance Impressive
The increase in KTB’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of KTB currently stands at $43.24, which is higher than the current trading price of the stock by 60.13%. However, KTB’s current trading price is -33.64% lower than the 52-week low price of $12.90. In terms of trading volume, Kontoor Brands Inc. currently experienced healthy participation during the last trading session. 643861 shares of Kontoor Brands Inc. were traded on the stock exchange on Thursday, which is less than -174.9% of the 1.77 million average trading volume of the stock.
The performance of the stock has been positive over the past year. KTB’s performance over the past one year has seen it plunge by -35.36%, while the stock has gone down by -58.46% in the last six months. The quarterly performance of KTB currently stands at -24.72%, and it is up by 8.36% in the last month. The only negative figure was from the weekly performance, which currently reads -3.42%. At the time of writing KTB’s report, the company has a total market cap of $953.03M, making it one of the largest publicly-traded companies in the world.Kontoor Brands Inc. also has over 15100 employees all over the world.
KTB Insider Activities
The insider transactions over the past six months are down by -108.50%.For Kontoor Brands Inc. insiders bought 129,509 shares in 13 transactions. In that same period, insiders sold 5,503 of their shares in 10 transactions. After these transactions, insiders at Kontoor Brands Inc. now hold 4.5M shares, which is over 101.41% of the total company stocks. Institutional investors currently hold a large chunk of the KTB shares, as they control 7.89% of the company’s total stock.
KTB Fundamental Analysis
For Kontoor Brands Inc., the stock’s diluted earnings per share (EPS) stands at 1.37. In the coming year, analysts expect the EPS to be 2.64. The stock’s EPS growth this year is -64.20%, with analysts expecting almost a 1 growth in the earnings per share next week.
The Return on Investment (ROI) on Kontoor Brands Inc.’s stock currently stands at 13.20%, and it has a net profit margin of 3.30%. The operating margin of the company is 5.90%, and its gross margin is 39.80%.
KTB Analysts Prediction
and Goldman reiterate their Sell position on the stock ($32.50 and $17).
KTB Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of KTB currently stands at -7.57%, while the SMA50 is -4.03%. The biggest one is the SMA200, which is currently reading -44.41% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 43.26, while its price to earnings ratio (P/E) is 12.59.