LPL Financial LLC Decreases Stake in Kontoor Brands,
November 25, 2023
🌥️Trending News
Kontoor Brands ($NYSE:KTB), Inc. is a global lifestyle apparel company with iconic brands like Wrangler and Lee. Recently, LPL Financial LLC has decreased their stake in the company’s stock position. This news has impacted the stock of Kontoor Brands, Inc., causing a slight dip in the price. LPL Financial LLC is a U.S.-based broker-dealer that provides a wide range of services to financial advisors and institutions. The firm is registered with the SEC, FINRA, MSRB, and SIPC. Their decision to reduce their stake in Kontoor Brands, Inc. was likely based on a careful assessment of the company’s performance and potential for long-term success. Kontoor Brands, Inc. is working hard to create a unique shopping experience for their customers across all channels and markets. The company is also focused on building their digital presence to reach a wider customer base. By continuing to innovate and invest in their products, Kontoor Brands, Inc. has the potential to increase their share price over time.
However, investors should keep in mind that this is only a temporary setback and there is still plenty of potential for Kontoor Brands, Inc. to succeed in the long run.
Share Price
On Monday, KONTOOR BRANDS stock opened at $52.3 and closed at $52.8, up by 1.0% from prior closing price of $52.3. Analysts are optimistic that the company’s innovative product offerings and strategic partnerships will result in sustained growth in the coming months. Investors are also encouraged by KONTOOR BRAND’s strong balance sheet and impressive level of liquidity. With its bright prospects, KONTOOR BRANDS remains an attractive investment vehicle with potential for long-term gains. 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 |
| 2.67k | 213.83 | 8.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kontoor Brands. More…
| Operations | Investing | Financing |
| 218.38 | -39.73 | -163.77 |
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 |
| 1.63k | 1.28k | 5.76 |
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 |
| 8.5% | 40.1% | 12.1% |
| FCF Margin | ROE | ROA |
| 6.8% | 62.4% | 12.4% |
Analysis
GoodWhale has performed an in-depth analysis of KONTOOR BRANDS‘s financials, and the results show a strong score of 8/10 in terms of cashflows and debt, indicating the company is in a good financial position and capable of sustaining future operations in times of crisis. In terms of profitability, KONTOOR BRANDS scored well with regard to dividends, but weaker in terms of growth and asset. We classified KONTOOR BRANDS as a ‘rhino’, meaning it has achieved moderate revenue or earnings growth. Given KONTOOR BRANDS’ financial health, dividend prospects, and moderate earnings growth, we believe that this company would be an attractive investment opportunity for income investors and value investors. The company has the potential to provide a steady stream of dividends and capital appreciation over time. More…
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
LPL Financial LLC recently decreased its stock position in Kontoor Brands, Inc., a global lifestyle apparel company. This movement has investors taking a closer look at the company’s stock performance and analyzing the potential impacts of such actions. Analysts are examining Kontoor Brands’ financials to better understand their current financial standing and any future changes that may result from the reduced stock position.
Additionally, analysts are looking at the company’s past performance to determine how its stock has reacted to similar events in the past and determine whether this is a good time to invest in the company. With the stock market being so volatile, investors should consider the potential risks and rewards of investing in Kontoor Brands, Inc. before making any decisions.
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