2024-04-13 10:45:00 ET
Summary
- Kontoor Brands owns well-known denim brands Wrangler and Lee, with potential for growth in international markets and gaining market share in the US.
- The company has shown good profitability and brand growth improvements since spinning off from VF Corporation in 2019.
- The stock price is currently demanding, and better entry points may be available for patient investors. Therefore, the stock is a Hold.
Kontoor Brands ( KTB ) is an apparel manufacturer and wholesaler. Kontoor owns Wrangler and Lee, two very well-known denim brands.
Since spinning off from VF Corporation (VFC) in 2019, the company has been driving very good profitability and brand growth improvements....
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For further details see:
Kontoor Brands: Doing The Right Things But I Am Waiting For Lower Prices