KTB - Kontoor Brands, Inc.
39.50 +0.28 (0.71%)
Pre-Market: 8:14AM EST
| Previous Close | 38.40 |
| Open | 38.58 |
| Bid | 0.00 x 1200 |
| Ask | 39.25 x 1200 |
| Day's Range | 38.41 - 39.71 |
| 52 Week Range | 25.78 - 40.94 |
| Volume | 478,367 |
| Avg. Volume | 795,773 |
| Market Cap | 2.2B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 18.68 |
| EPS (TTM) | 2.10 |
| Earnings Date | Nov 7, 2019 |
| Forward Dividend & Yield | 2.24 (5.83%) |
| Ex-Dividend Date | 2019-12-09 |
| 1y Target Est | 33.44 |
- TipRanks
3 “Strong Buy” Dividend Stocks Yielding 5% — Or More
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)
- Insider Monkey
Hedge Funds Have Never Been This Bullish On Kontoor Brands, Inc. (KTB)
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 […]
- American City Business Journals
(PHOTOS) Focus on Guilford panelists agree an identity is needed to overcome perceptions
What do High Point, Greensboro and Guilford County need to succeed? Panelists agree it starts with identity.
- Simply Wall St.
Kontoor Brands, Inc. (NYSE:KTB)'s Could Be A Buy For Its Upcoming Dividend
It looks like Kontoor Brands, Inc. (NYSE:KTB) is about to go ex-dividend in the next 4 days. If you purchase the stock...
- Yahoo Finance
Black Friday 2019 Live Updates: Online sales up 19.2% from a year ago
Yahoo Finance hits the stores to see how Black Friday has started for retailers.
- PR Newswire
Lee® Celebrates 130 Years
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.
- American City Business Journals
Triad apparel company introduces new outerwear product line
Kontoor Brands continues to spread its post-VF Corp. wings by expanding its line of Wrangler apparel offerings.
- MarketWatch
Wrangler launches outdoor apparel brand ATG by Wrangler
Denim brand Wrangler announced the launch of a line of outdoor clothing, All Terrain Gear (ATG) by Wrangler, on Thursday, expanding its outdoor apparel line. The collection includes pants and shirts that are quick-drying, water repellent, have mesh venting and recycled materials. Each piece was created using 3D virtual design. Items are priced in a range from $19.99 for shirts to $109.99 for outerwear. Wrangler is part of the Kontoor Brands Inc. portfolio of brands, which was spun off from VF Corp. . Kontoor stock is up 18.3% for the past three months while the S&P 500 index has gained 9% during the period.
- Business Wire
Wrangler Announces Major Expansion of Its Outdoor Apparel Line With Launch of ATG by Wrangler™
The high-performance apparel collection brings the outdoor lifestyle to all consumers
- Thomson Reuters StreetEvents
Edited Transcript of KTB.N earnings conference call or presentation 7-Nov-19 1:30pm GMT
Q3 2019 Kontoor Brands Inc Earnings Call
- PR Newswire
LEE® Introduces REISSUE, a Limited Re-release of Historical Female Denim Originals
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 ...
- American City Business Journals
Triad apparel company reports 3Q drop in revenues, promising horizon
Greensboro-based Kontoor Brands reported $14.5 million in net income for third quarter 2019, down from $71 million a year ago.
- Yahoo Finance
How the CEO of Wrangler and Lee is turning the jeans company around
Kontoor Brands CEO Scott Baxter talks about the jean company's transformation.
- MarketWatch
Denim company Kontoor Brands stock slips after revenue miss
Kontoor Brands Inc. stock slipped 2.3% in Thursday premarket trading after the denim company reported a third-quarter revenue miss. Kontoor Brands' portfolio includes the Lee and Wrangler brands, which were spun off from VF Corp. this year and began trading in May. Net income was $14.5 million, or 25 cents per share, down from $71.0 million, or $1.25 per share, last year. Adjusted earnings were 95 cents, beating the FactSet consensus for 88 cents. Revenue of $638.1 million were down from $704.2 million and below the $646.0 million FactSet outlook. The company attributed the revenue decline to an exit from some underperforming geographies, including channels in India, a major retail bankruptcy in the fourth quarter of 2018 and currency headwinds. Sears Holdings Corp. filed for bankruptcy in October 2018. For the year, Kontoor expects revenue to exceed $2.5 billion, in line with the FactSet consensus for revenue of $2.57 billion. The company expects revenue to increase at a low-single-digit compound annual growth rate for 2020 and 2021. Kontoor stock is up 29.2% for the last three months while the S&P 500 index is up 6.7% for the period.
- Business Wire
Kontoor Brands Announces Third Quarter 2019 Results
Third Quarter 2019 GAAP EPS of $0.25, Adjusted EPS of $0.95
- Simply Wall St.
Do Directors Own Kontoor Brands, Inc. (NYSE:KTB) Shares?
A look at the shareholders of Kontoor Brands, Inc. (NYSE:KTB) can tell us which group is most powerful. Insiders often...
- Insider Monkey
Hedge Funds Welcomed Kontoor Brands, Inc. (KTB) With Open Arms
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
- MarketWatch
Vans parent VF Corp. shares sink after earnings miss, weak guidance
VF Corp. stock sank nearly 12% in Friday premarket trading after the company reported earnings that missed expectations and gave weak guidance. Fiscal second-quarter net income was $649.0 million, or $1.61 per share, up from $507.1 million, or $1.26 per share, for the same period last year. Adjusted EPS was $1.26. Adjusted amounts exclude transaction- and deal-related expenses associated with the acquisition and integration of the Icebreaker and Altra brands, costs related to the relocation of VF Corp.'s headquarters to Denver, Co., and the impact of recent Swiss tax legislation. Those exclusions positively impacted earnings by 36 cents during the quarter. Revenue of $3.39 billion was up from $1.55 billion last year. The FactSet consensus was for EPS of $1.31 and revenue of $3.42 billion. VF Corp.'s portfolio of brands includes Vans, The North Face and Timberland. The company completed the spin-off of its jeans brands, which included Lee and Wrangler, into Kontoor Brands Inc. in May. For fiscal 2020, VF Corp. still expects revenue of about $11.8 billion and adjusted EPS in the range of $3.32 to $3.37. The FactSet consensus is for revenue of $11.9 billion and EPS of $3.39. VF Corp. raised its dividend by 12% to 48 cents per share, payable on Dec. 20, 2019 to shareholders of record as of Dec. 10. 2019. VF Corp stock has rallied 35.3% for the year to date, outpacing the S&P 500 index , which is up 20% for the period.
- Business Wire
Kontoor Brands Announces Third Quarter 2019 Earnings and Conference Call Date
Kontoor Brands, Inc. , a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today announced plans to release its third quarter 2019 financial results on Thursday, November 7, 2019, at approximately 6:50 a.m.
- Business Wire
Kontoor Brands, Inc. Declares Third Quarter 2019 Dividend
Kontoor Brands, Inc. today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.56 per share of its common stock. The cash dividend will be payable on December 20, 2019, to shareholders of record at the close of business on December 10, 2019.
- Moody's
Krung Thai Bank Public Co. Ltd.,Singapore Br. -- Moody's announces completion of a periodic review of ratings of Krung Thai Bank Public Company Limited
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Krung Thai Bank Public Company Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- American City Business Journals
Triad apparel company joins nine others to create sustainable packaging
Kontoor Brands will join environmental solutions organization Canopy and other apparel companies to reduce the industry’s packaging environmental footprint with Canopy’s new Pack4Good initiative.
