|Bid||40.01 x 1000|
|Ask||41.63 x 900|
|Day's Range||40.50 - 42.25|
|52 Week Range||25.78 - 43.24|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||19.94|
|Earnings Date||Mar 04, 2020|
|Forward Dividend & Yield||2.24 (5.48%)|
|Ex-Dividend Date||Dec 08, 2019|
|1y Target Est||34.44|
Among the key initiatives for Greensboro-based Kontoor Brands (NYSE: KTB) in 2020 is the introduction of Wrangler-branded apparel in the Far East, beginning with China. With Kontoor’s Lee brand already well established there, the company has been planning for months to capitalize on the country’s growing appetite for Western wear, a market in which Lee jeans are regarded as a premium brand. Whether the coronavirus in China will impact the as-yet unannounced time frame for the rollout is unknown.
Kontoor Brands' iconic jeanswear brands operated as separate entities for more than a century. A spinoff brought them together under one roof, and under one common goal.
Today we'll look at Kontoor Brands, Inc. (NYSE:KTB) and reflect on its potential as an investment. Specifically, we'll...
New denim that requires no water and less energy to produce matches Lee's global sustainability initiative.
Tying together its rich heritage in rodeo, football and music around one of the most anticipated events of the year, Wrangler® announces several activations leading up to the big game. The synergies between world-class athletes and award-winning artists align with the brand’s global "Wear With Abandon" campaign, which exemplifies the opportunities that arise when cowboys of all types embrace adventure and extreme courage.
Greensboro Chamber of Commerce luncheon attendees heard about Kontoor Brands commitment to the city from three of its top executives.
Vans parent VF Corp. shares fell 1.7% in premarket trade Thursday, after the company posted weaker-than-expected sales for the third quarter. The company said it had net income of $465.0 million, or $1.16 a share, in the quarter, after income of $463.5 million, or $1.16 a share, in the year-earlier period. Adjusted per-share earnings came to $1.23, ahead of the $1.21 FactSet consensus. Revenue rose to $3.385 billion from $3.228 billion, just below the FactSet consensus of $3.433 billion. The company, which also owns the Timberland brand, completed the spinoff of its jeans business in May, including Wrangler, Lee and Rock & Republic brands, as well as the VF Outlet business, which was spun off into a separate traded company under the name Kontoor Brands Inc. On Tuesday, the company said it is reviewing strategic options for some of its work brands, which make uniforms and work clothing for American workers. It now expects fiscal 2020 revenue from continuing operations of about $11.75 billion and adjusted EPS of $3.30. The FactSet consensus is for EPS of $3.37 and revenue of $11.85 billion. Shares have gained 21% in the last 12 months, while the S&P 500 has gained 26%.
Two Greensboro-based companies have signed agreements totaling $1.15 million for naming rights to hospitality areas on the third floor of the soon-to-be-completed Steven Tanger Center for the Performing Arts. Kontoor Brands will pay $750,000 to sponsor the Lee & Wrangler Lounge, which will offer a full bar and snacks with access to an outdoor terrace overlooking LeBauer Park and Kontoor's corporate headquarters. Brady Trane Services will pay $400,000 to sponsor a "premier" hospitality suite overlooking Elm Street.
Adding Mexico City to its ranks of zero-waste distribution centers, Kontoor Brands has achieved this status at all of its North American distribution facilities.
With the Fed’s key rate cut back to the 1.5 to 1.75 range, and bond yields out to 10 years holding below 2%, investors are naturally drawn to the stock markets. As much as Friday’s gangbusters jobs report, this basic fact of today’s economy underlies the market’s record highs.So, stocks are the place to go. But which stocks? While the market is clearly the place to go for strong returns, investors have different priorities when it comes to receiving those returns. You’ll go for different stocks if you're more interested in long-term appreciation than if you want steady income.Today, we’re looking at the steady income side of that equation, and that means dividend stocks. These are the stocks that pay back a steady return of the company’s income to shareholders. Use the money to reinvest, or if your portfolio’s large enough, to live on – the choice is yours. But the trick is finding the high-yielding dividend stocks in the first place.TipRanks’ Stock Screener tool makes it simple. Adjust the filters to show only the high-yield dividend stocks – say, the ones with a 5% or better return – and then further adjust them to show only those with a ‘Strong Buy’ analyst consensus, and we can narrow it down to a list of just 39 stocks. Now that we’ve narrowed the field, we’ll look at three of them and see what makes them so compelling.GAIN Capital Holdings (GCAP)We start with GAIN Capital, an online trading company based in New Jersey. GAIN offers its customers access to foreign exchange (forex) and contract-for-difference (CFD) trading on the public markets. GAIN has two electronic platforms available for customers to use, the popular MetaTrader 4 platform and the FOREXTrader PRO, GAIN’s proprietary platform. In addition to trading services, GAIN offers advisory services to customers, and access to futures markets.The boom in the stock markets has paradoxically hurt GCAP shares and made them more attractive. As investors move toward stocks, trading in other assets – bonds, or example, or forex – declines, and a forex trader like GAIN feels a pinch. The company’s shares have declined throughout 2019, and the stock is down 34% year-to-date.The paradox is, that even while GCAP shares have fallen to rock-bottom price, the company has maintained its dividend payout. The payment is only 6 cents per share each quarter – a annualized payment of 24 cents – but it has been consistent for the last three years, and consistency is the key to successful dividend investing. The annualized yield, at 5.97%, is almost triple the average yield of S&P listed companies.Recently, two of Wall Street’s analysts gave GCAP stock the thumbs up. Writing from JPMorgan, Ken Worthington said, “With Gain having invested in growing its business in recent quarters through increased marketing, we see the company well positioned to maximize the benefit of higher volatility with a larger number of active accounts.” Worthington acknowledges that the company faces a tough business climate, but does not see this harming investors. He writes of GAIN’s possible downsides, “[E]ither Gain will more regularly make a positive profit or it will be sold or liquidated –either way we see shareholders benefitting.” In line with his optimism, Worthington gives GCAP a Buy rating alongside $6 price target. (To watch Worthington’s track record, click here)Also bullish on GCAP is Rajiv Sharma from B. Riley FBR. In his review of the company, he concludes that, “Higher volatility and uncertainty from more “normal” conditions, we believe, will be beneficial for Gain. We believe Gain is ready to capitalize on higher volatility and volumes given that they are adding new trading accounts at a fast pace.” Sharma puts a $7 target on GCAP, implying a strong upside of 71%, to go along with his Buy rating. (To watch Sharma’s track record, click here)All in all, with three recent Buy ratings, GCAP has a unanimous analyst consensus of ‘Strong Buy.’ As noted, shares are selling for a bargain price, just $4. The average price target of $6.42 suggests an impressive upside potential of 58%. (See GAIN Capital stock analysis on TipRanks)Kontoor Brands (KTB)While not a household name, it’s almost certain you have heard of Kontoor’s products. In fact, there’s even a pretty good chance you have worn some of them. The company is the owner of Lee and Wrangler jeans, longstanding names in the apparel industry.So, Kontoor has been around the block a few times, holds a well-established niche in its business, and can boast well-known brands with both name recognition and reputation. It’s a solid foundation for any company, and Kontoor took it public earlier this year. Since KTB’s IPO in May, the stock has had a rocky ride, falling 34% in its first month of trading, only to regain that value slowly in 2H19.To the company’s credit, its Q3 earnings beat Wall Street expectations by 6 cents per share, showing EPS at 95 cents. This came despite a slight revenue miss. The quarterly top line was $638 million against a forecast of $646.5 million. The strong earnings supported a quarterly dividend payout of 56 cents. This annualizes to $2.24 – a nice per-share income. The yield of 5.9% is sure to bring a smile to income-minded investors.Sam Poser, 4-star analyst from Susquehanna, sees a clear path forward for KTB, and believes that the company will follow it toward increased performance and market share. He writes, “Buy KTB… [We are] confident that KTB is proactively making the necessary strategic decisions to enhance the Wrangler and Lee brand first and then drive positive inflections in each brand's business… We think the move from a global to a regional operating model will generate efficiencies driving top- and bottom-line results over the next few years.”In line with his upbeat outlook, Poser gives this stock a "positive" rating along with $44 price target, indicating room for 14% growth on the upside. (To watch Poser’s track record, click here)KTB is clearly a stock to watch. As an established brand, new to the market, it’s sure to attract plenty of investor attention, just as it has attracted the notice of Wall Street’s analysts. The stock has 5 recent reviews, including 4 "buy" and 1 "hold" ratings, giving it a consensus rating of ‘Strong Buy.’ Shares are moderately priced, at $37.90, and the average target of $40.50 gives an upside potential of 8%. (See Kontoor stock analysis on TipRanks)Viper Energy (VNOM)Operating in the Midland formation, part of West Texas’ Permian Basin, Viper Energy taps into some of the richest oil fields in North America. The company has oil and mineral interests in over 14,000 acres of the formation. Viper’s interests are exploited mainly by subsidiaries or third parties, with royalties paid to the parent company. Those interests are substantial, as independent engineers have estimated up to 10 billion barrels of recoverable oil equivalents in Viper’s land holdings.The company reported somewhat disappointing earnings in Q3 thanks to low oil prices. Revenues, at $71.8 million, missed the estimates by 6% and the 13-cent EPS fell short of the 14 cent forecast. Shares slipped 11% after the earnings report, but have since regained half of the losses. Investors were reassured remembering that EPS was up 160% year-over-year, and that production was up 9% sequentially and 16% year-over-year.Like many oil industry companies, Viper makes a commitment to sharing income with investors. This is as much self-interest as it is altruism. Dividends make the stock attractive, attractive stocks bring in new investment, and oil companies need a constant flow of investment to meet their high overhead. VNOM shares are currently paying out 46 cents quarterly, or $1.84 per year, for an annual yield of 7.34%. This is more than triple the average dividend on the S&P 500.Wall Street holds a favorable view of VNOM shares. SunTrust Robinson analyst Welles Fitzpatrick points out that oil prices, while low now, are consistent, and writes of the stock, “Additional upside comes from increased commodity prices and accretive acquisitions. We believe Viper offers a unique way to play Permian growth combined with solid oil prices.”Fitzpatrick’s of $32 suggests room for a 28% upside which supports his Buy rating. (To watch Fitzpatrick’s track record, click here)VNOM shares get a unanimous ‘Strong Buy’ consensus rating, based on 11 reviews in recent weeks. The stock is widely considered a sound investment on Wall Street, both for its profitable holdings in the oil fields and its reliable dividend payments. Shares are selling for $25, and the $34.60 average price target suggests room for robust 37% growth on the upside. (See Viper Energy stock analysis on TipRanks)
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]
What do High Point, Greensboro and Guilford County need to succeed? Panelists agree it starts with identity.
It looks like Kontoor Brands, Inc. (NYSE:KTB) is about to go ex-dividend in the next 4 days. If you purchase the stock...
GREENSBORO, N.C., Nov. 19, 2019 /PRNewswire/ -- Lee® (www.Lee.com), the iconic American apparel brand known for its quintessential workwear and timeless denim style, celebrates 130 years this month. Founded in 1889 by pioneering entrepreneur, Henry David (H.D.) Lee, Lee was immediately a disruptor in the marketplace. From the early days in 1912 when the company produced workwear for farmers, coal miners and railroad workers, to its current place as a titan in the denim industry, Lee has always been at the forefront of welcomed change.
Kontoor Brands continues to spread its post-VF Corp. wings by expanding its line of Wrangler apparel offerings.
It is an homage to Lee®'s 130 year history and the industrious spirit of women who claimed men's workwear for their own GREENSBORO, N.C. , Nov. 13, 2019 /PRNewswire/ -- Lee® ( www.Lee.com ), the iconic ...