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Curreen Capital is Betting on Kontoor Brands (KTB) Stock

Alex Smith
·3 min read

Curreen Capital recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 11.82% for the quarter, outperforming their benchmark, the S&P 500 Index which returned 8.93% in the same quarter. You should check out Curreen Capital's top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

In the said letter, Curreen Capital highlighted a few stocks and Kontoor Brands Inc. (NYSE:KTB) is one of them. Kontoor Brands Inc. (NYSE:KTB) is a clothing company. Year-to-date, Kontoor Brands Inc. (NYSE:KTB) stock lost 25.7% and on October 21st it had a closing price of $31.19. Curreen Capital cared to mention Kontoor Brands Inc. (NYSE:KTB) in its investor letter, though they didn’t say why they really like the stock. All they said is this:

"Kontoor designs inexpensive jeans, primarily for North American consumers. Kontoor spun out of VF Corp in May 2019. Kontoor does not grow, and its returns on capital are about 20%. Management uses free cash flow to repay debt. Kontoor currently trades at an attractive upside-to-downside ratio."

Best Things to Sell on Poshmark
Best Things to Sell on Poshmark

Africa Studio/Shutterstock.com

Earlier this month, we published an article revealing that Kontoor Brands Inc. (NYSE:KTB) stock has underperformed the S&P 500 Index in the trailing one year period.

Our calculations showed that Kontoor Brands Inc. (NYSE:KTB) isn't ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds' poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free enewsletter below to receive our stories in your inbox:

Disclosure: None. This article is originally published at Insider Monkey.