KONTOOR BRANDS Jumps To Lead Market With Relative Strength Rating Of 83
January 8, 2023
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Kontoor Brands ($NYSE:KTB) is a global lifestyle apparel company that designs, sources, markets and sells a portfolio of lifestyle brands. It is a publicly traded company with its shares traded on the New York Stock Exchange. Kontoor is known for its leading brands such as Wrangler, Lee, and Rock & Republic, which are recognized around the world for their quality and innovation. On Tuesday, Kontoor Brands demonstrated its market leadership by leaping to a Relative Strength Rating of 83, up from 80. The Relative Strength Rating is a measure of how well a stock has performed relative to other stocks in the same sector. Kontoor Brands also has a strong focus on sustainability and its commitment to creating a positive impact on society and the environment. Its sustainable practices include reducing water usage and waste, improving energy efficiency, and working with its suppliers to ensure ethical practices.
Kontoor Brands’ strong performance in the market is also due to its ability to adapt to changing consumer needs and trends. The company has been able to stay ahead of the competition by continually innovating and introducing new products that meet changing consumer demands. Kontoor Brands’ ability to recognize customer needs and respond quickly to them has enabled it to remain a leader in the apparel industry. Kontoor Brands’ impressive Relative Strength Rating of 83 reflects its commitment to creating innovative and quality products, its focus on sustainability, and its ability to stay ahead of the competition by adapting quickly to changing consumer needs and trends. This strong performance in the market is indicative of Kontoor Brands’ long-term strategy for growth and success.
Price History
Currently, news sentiment is mostly mixed. On Wednesday, KONTOOR BRANDS opened at $40.0 and closed at $41.8, representing a 5.1% rise from the previous closing price of $39.7. This jump in stock value has propelled the company to the top of the market. This impressive performance has helped the company to stand out from its competitors. KONTOOR BRANDS’ success can be attributed to several factors.
The company’s innovative products and services have attracted a loyal customer base, and its cost-efficient operations have resulted in higher margins. Furthermore, the company’s strategic partnerships with other industry leaders have enabled it to tap into new markets and expand its reach. It is likely that the company will continue to outperform its competitors in the future, as it continues to focus on delivering value to its customers. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kontoor Brands. More…
| Total Revenues | Net Income | Net Margin |
| 2.58k | 237.8 | 9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kontoor Brands. More…
| Operations | Investing | Financing |
| 87.24 | -29.13 | -202.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kontoor Brands. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.65k | 1.44k | 3.23 |
Key Ratios Snapshot
Some of the financial key ratios for Kontoor Brands are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.5% | 17.1% | 13.1% |
| FCF Margin | ROE | ROA |
| 2.3% | 117.6% | 12.7% |
VI Analysis
Kontoor Brands is a company with strong fundamentals and a high health score of 8/10. This suggests that the company is able to weather any crisis without fear of bankruptcy. According to the VI Star Chart, the company is strong in dividend, profitability and medium in asset, but weak in growth. This classification makes Kontoor Brands a ‘rhino’, which indicates that it has achieved moderate revenue or earnings growth. Investors who value security and stable returns may be interested in investing in Kontoor Brands. The company’s strong fundamentals and dividend make it an attractive option for those looking for a safe investment that is likely to provide consistent returns. Those investors who are looking to invest in companies with high growth potential may not be as interested in Kontoor Brands, as it has only achieved moderate revenue or earnings growth. However, those who are looking for a safe and secure investment may find that Kontoor Brands is an attractive option. More…
VI Peers
Its competitors include Tristate Holdings Ltd, Kitex Garments Ltd, and Weyco Group Inc. All three companies are engaged in the design, manufacture, and marketing of apparel.
– Tristate Holdings Ltd ($SEHK:00458)
Tristate Holdings Ltd is a holding company that is engaged in a wide range of businesses in the Bahamas. The company’s businesses include investment holding, property development and management, food and beverage, retail, and others. The company has a market cap of 146.67M as of 2022 and a Return on Equity of 10.38%. Tristate Holdings Ltd is a diversified company with a wide range of businesses that provides investors with exposure to different industries and sectors. The company’s strong ROE indicates that it is a well-managed company that is generateing good returns for shareholders.
– Kitex Garments Ltd ($BSE:521248)
Kitex Garments Ltd is one of the leading garment manufacturers in India with a market cap of 13.72B as of 2022. The company has a Return on Equity of 15.26%. Kitex Garments Ltd is engaged in the business of manufacturing and exporting of readymade garments for infants, children and adults. The company has a wide range of products that include innerwear, outerwear, sleepwear and other garments.
– Weyco Group Inc ($NASDAQ:WEYS)
Weyco Group Inc is a publicly traded company with a market cap of 235.36M as of 2022. The company has a Return on Equity of 9.87%. Weyco Group Inc is engaged in the design, manufacture and marketing of footwear for men, women and children under the brands of Nunn Bush, Stacy Adams, BOGS, Florsheim, Umi, and Bates.
Summary
KONTOOR BRANDS has been making headlines in the investment world as its Relative Strength Rating (RSR) has recently jumped to a market-leading 83, indicating that the stock has outperformed the majority of its peers on the market. Currently, news sentiment towards the company is mixed, with some investors optimistic and others more wary. Nevertheless, KONTOOR BRANDS’ stock price rose the same day the RSR was released, suggesting that some investors view the rating favorably. For those considering investing in KONTOOR BRANDS, it is important to do further research and carefully weigh the risks and potential rewards of buying the stock.
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