Texas Permanent School Fund Boosts Kontoor Brands,
January 14, 2023
Trending News ☀️
Kontoor Brands ($NYSE:KTB), Inc. is a global lifestyle apparel company that designs, manufactures and markets a portfolio of some of the world’s most iconic denim and casual apparel brands. Kontoor Brands’ portfolio includes Wrangler and Lee, two of the most recognized and iconic brands in the apparel industry. Recently, Kontoor Brands, Inc. received a boost from the Texas Permanent School Fund (TPSF). The funds will be used to support Kontoor Brands’ strategic initiatives, which include expanding its global footprint and driving innovation in product design and manufacturing processes. Kontoor Brands, Inc. is well positioned to benefit from the investment from the TPSF.
In addition, Kontoor Brands is committed to sustainability and has implemented a range of initiatives to reduce its environmental impact. The investment from the TPSF is a significant milestone for Kontoor Brands, Inc. and will provide the company with the financial resources it needs to continue to grow and expand its presence in the global market. With the backing of the TPSF, Kontoor Brands is poised for long-term success and will be well positioned to capitalize on future opportunities.
Share Price
On Friday, Kontoor Brands, Inc. received a boost from the Texas Permanent School Fund, which has increased its ownership of the company’s stock. The news sentiment around the company is mostly positive, and this news has only bolstered it further. It primarily focuses on the design and sale of denim and non-denim apparel. Its brand portfolio includes Wrangler and Lee, two of the world’s most recognized apparel brands. The news of increased ownership by the Texas Permanent School Fund has been met with enthusiasm by investors.
This is because the fund is a long-term investor and its decision to increase ownership further signals its confidence in the company’s future prospects. Furthermore, Kontoor Brands has been performing well in recent quarters and has adopted a number of strategies to improve its performance further. Overall, Kontoor Brands, Inc. has seen its stock price jump on the news of increased ownership by the Texas Permanent School Fund. This is a testament to the confidence investors have in the company’s future prospects and its ability to deliver strong financial results going forward. 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
Investors seeking to target long-term capital appreciation may be interested in KONTOOR BRANDS, as the company’s fundamentals reflect its long-term potential. According to the VI Star Chart, KONTOOR BRANDS is strong in dividend and profitability, medium in asset strength, and weak in growth. Additionally, the company has a healthy score of 8/10 with regard to its cash flows and debt, making it capable of safely riding out any crisis without the risk of bankruptcy. As such, KONTOOR BRANDS is classified as a “rhino” — a type of company that has achieved moderate revenue or earnings growth. Generally, investors who prefer companies with high dividend yields and strong balance sheets may find KONTOOR BRANDS attractive. Similarly, those seeking potential growth opportunities may be interested in KONTOOR BRANDS due to its level of asset strength and potential for long-term capital appreciation. Moreover, those who are looking for a safe investment option in times of economic uncertainty may appreciate the strength of KONTOOR BRANDS’ cash flows and debt. Overall, KONTOOR BRANDS is an attractive investment opportunity for investors who seek long-term capital appreciation, stability, and potential growth opportunities. With its impressive fundamentals, investors can rest assured that their investments are in good hands. 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, Inc. has recently received a boost as the Texas Permanent School Fund has invested in the company. The sentiment around Kontoor Brands is currently mostly positive. For investors looking to consider Kontoor Brands, it is important to understand the company’s background and financials. Kontoor Brands is a global lifestyle apparel company headquartered in the US. The company operates through three main brands – Wrangler, Lee, and Rock & Republic – and sells a variety of apparel products.
Kontoor Brands’ financials have been strong, with revenue increasing over the past three years and a solid balance sheet. The company has also been able to maintain strong margins despite competitive pressures in the apparel industry. Therefore, investors considering Kontoor Brands should consider the company’s strong financials and its potential for long-term growth.
Related Posts
Recent Posts
