Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Kontoor Brands Inc before investing.

In this article, we go over a few key elements for understanding Kontoor Brands Inc’s stock price such as:

• Kontoor Brands Inc’s current stock price and volume
• Why Kontoor Brands Inc’s stock price changed recently
• Upgrades and downgrades for KTB from analysts
• KTB’s stock price momentum as measured by its relative strength

About Kontoor Brands Inc (KTB)

Before we jump into Kontoor Brands Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Kontoor Brands, Inc. is a global lifestyle apparel company. The Company designs, manufactures, procures, sells and licenses apparel, footwear and accessories, primarily under the brand names Wrangler and Lee. The Company's segments include Wrangler, Lee and Other. The Wrangler segment offers multiple sub-brands and collections within the Wrangler brand, including 20X, Aura from the Women at Wrangler, Cowboy Cut, Premium Patch, Riggs Workwear, Rock 47, Rustler, Wrangler Retro, Wrangler Rugged Wear and Wrangler All Terrain Gear. The Lee segment includes a range of jeans, pants, shirts, shorts and jackets for adults and children. The Lee brand offers multiple sub-brands and collections, including Lee101, Riders by Lee Indigo and Chic by Lee. The Other segment includes sales and licensing of Rock & Republic, other company-owned brands and private label apparel. Its distribution channels include United States Wholesale, Non-United States Wholesale and direct-to-consumer.

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Kontoor Brands Inc’s Stock Price as of Market Close

As of May 02, 2024, 4:00 PM, CST, Kontoor Brands Inc’s stock price was $67.37.

Kontoor Brands Inc is up 8.42% from its previous closing price of $62.14.

During the last market session, Kontoor Brands Inc’s stock traded between $61.06 and $63.14. Currently, there are 55.96 million shares of Kontoor Brands Inc stock available for purchase.

Kontoor Brands Inc’s price-earnings (P/E) ratio is currently at 15.3, which is low compared to the Apparel & Accessories industry median of 20.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Kontoor Brands Inc Stock Price History

Kontoor Brands Inc’s (KTB) price is currently up 8.56% so far this month.

During the month of May, Kontoor Brands Inc’s stock price has reached a high of $69.69 and a low of $61.06.

Over the last year, Kontoor Brands Inc has hit prices as high as $64.49 and as low as $37.10. Year to date, Kontoor Brands Inc’s stock is up 68.47%.

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What Caused Kontoor Brands Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 01, 2024, there were 0 analysts who downgraded Kontoor Brands Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Kontoor Brands Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Kontoor Brands Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Kontoor Brands Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Kontoor Brands Inc (KTB) by visiting AAII Stock Evaluator.

Relative Price Strength of Kontoor Brands Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 01, 2024, Kontoor Brands Inc has a weighted four-quarter relative price strength of 3.46%, which translates to a Momentum Score of 74 and is considered to be Strong.

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Kontoor Brands Inc Stock Price: Bottom Line

As of May 2, 2024, Kontoor Brands Inc’s stock price is $67.37, which is up 8.42% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Kontoor Brands Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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