With a current price of $27.11, Kontoor Brands Inc. [NYSE:KTB] is active in the Apparel Manufacturing industry, with a 5-day price swing of 12.02%.
For the year, the stock is trading -35.44%, while, as a point of reference, the S&P 500 is trading 1.71% YTD. Other data to note on this name is a price per sales number of 0.71 and a price per cash flow number of 13.38.
The Price is right
Holding a Market Cap of $1.51 billion, Kontoor Brands Inc. has seen a trading range over the last year of $12.90-$43.24.
For the last five days, KTB is up from its last closing price. The average shares trading hands each day is 623.06K.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for KTB. When we apply the Elder Force Index to Kontoor Brands Inc., we are seeing an Elder Force Indicator number of 2225386.84.
The recent performance of the stock is another area that can tell traders how to proceed. KTB is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 10.15.
In the last quarter, KTB made a profit of 134.37 million. Kontoor Brands Inc. also saw quarter revenue growth year over year of -7.75%.
Looking at popular technical indicators, the company’s 5-day moving average is 25.69 compared to the 50-day moving average of 8.99%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. KTB currently holds a 9-day RSI of 72.86%, while 100-day RSI stands at 51.48%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. KTB’s 9-day MACD is 1.36 and the company’s 100-day MACD stands at 5.99.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 7.89% by insiders and 101.41% by institutions. Regarding institutional holdings, PNC Financial Services Group, Inc. owns 19.90%, while the second top holder, Blackrock Inc., currently owns 12.73%.
Over the last six months, insiders have bought 5,555 with the most recent transaction from Waldron Thomas E., EVP & GB President – Wrangler, with a purchase at price 18.50 per share.
Overall, the recommended rating for KTB is Moderate Buy. Currently, the company has 8 analysts watching the stock, and the average quarterly earnings estimate is 0.57. Quarterly revenue estimates are averaging 537.27M with the high estimate reaching 561.02M and the low at 497M.
To review, the current 1-year target estimate is sitting at 21.30, while the current price 27.11. Based on this, we expect some pullback on the stock over time given our above analysis.