Kontoor Brands Inc (NYSE:KTB) currently has a daily average trading volume of 628.67K but it saw 2144172 shares traded in last market. With a market cap of 3.76B USD, the company’s current market price of $67.37 came rising about 8.42 while comparing to the previous closing price of $62.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $64.49 and as low as $37.10.
Taking a look at 20-day trading activity of Kontoor Brands Inc (KTB) gives us an average price of $58.24, while its current price level is 4.47% below from 52-week high level whereas it is 81.59% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $59.13 while that of 200 days or SMA-200 reads an average of $53.05. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.74% during that period while stretching the period over a month that decreases to 2.98%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 74.79 which implies that the stock is in overbought territory.
Barclays upgraded its recommendation for the stock as a “Overweight” from “Equal Weight” on November 06, 2023 while assigning a price target range of $47-$59. Goldman issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $51 and $56.
Over the week, KTB’s stock price is moving 9.01% up while it is 17.27% when we observe its performance for the past one month. Year-to-date it is 7.93% up and over the past year, the stock is showing an upside performance of 47.68%.
Currently, Kontoor Brands Inc’s total number of outstanding shares is 55.72M. Company’s return on investment (ROI) stands at 19.70% and return on equity (ROE) at 74.19%. It has a price to earnings ratio (P/E ratio) of 16.61 while having a 12.93 of forward P/E ratio. Stock’s beta reads 1.14. Stock has a price to book (P/B) ratio of 10.09 while price to sale or P/S ratio amounts to 1.44. Its return on asset (ROA) is 14.31% on average.
