10-May-2024
Stifel Nicolaus Reaffirms Their Buy Rating on Kontoor Brands (KTB)
TipRanks (Wed, 8-May 10:05 PM ET)
Lee Launches Golf Collection for Men
Business Wire (Thu, 2-May 12:00 PM ET)
Kontoor Brands Reports 2024 First Quarter Results; Raises Full Year Outlook
Business Wire (Thu, 2-May 6:50 AM ET)
Business Wire (Mon, 22-Apr 9:00 AM ET)
Kontoor Brands Declares Quarterly Dividend
Business Wire (Fri, 19-Apr 8:38 AM ET)
Kontoor Brands Announces First Quarter 2024 Earnings and Conference Call Date
Business Wire (Thu, 11-Apr 6:50 AM ET)
Kontoor Brands Announces Tom Waldron as Chief Operating Officer
Business Wire (Tue, 19-Mar 6:50 AM ET)
New DIESELVES LEE Launch Unites Denim Powerhouses to Create One-of-a-Kind Capsule
Business Wire (Thu, 7-Mar 6:00 AM ET)
Kontoor Brands Board of Directors Elects Mary Campbell as New Director
Business Wire (Wed, 28-Feb 6:55 AM ET)
Business Wire (Wed, 28-Feb 6:50 AM ET)
Kontoor Brands Inc is a lifestyle apparel company. It is engaged in designing, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including Wrangler and Lee. It manufactures its products in owned and leased facilities and distributes the products through both brick-and-mortar and e-commerce retailers. It generates the majority of its revenue from the Wrangler segment. The company's geographical segments are the United States and International, of which the majority of its revenue comes from the United States.
Kontoor Brands Common trades on the NYSE stock market under the symbol KTB.
As of May 10, 2024, KTB stock price declined to $68.19 with 248,026 million shares trading.
KTB has a beta of 0.70, meaning it tends to be less sensitive to market movements. KTB has a correlation of 0.06 to the broad based SPY ETF.
KTB has a market cap of $3.93 billion. This is considered a Mid Cap stock.
Last quarter Kontoor Brands Common reported $631 million in Revenue and $1.16 earnings per share. This beat revenue expectation by $22 million and exceeded earnings estimates by $.26.
In the last 3 years, KTB stock traded as high as $69.69 and as low as $30.98.
The top ETF exchange traded funds that KTB belongs to (by Net Assets): IJR, CALF, VTI, IWM, VB.
KTB has outperformed the market in the last year with a price return of +73.8% while the SPY ETF gained +27.8%. KTB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.6% and +9.6%, respectively, while the SPY returned +4.2% and +2.5%, respectively.
KTB support price is $67.00 and resistance is $70.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KTB stock will trade within this expected range on the day.