Could Kontoor Brands, Inc. (KTB) Crash Even More? The Stock Had Another Big Decline Today

The stock of Kontoor Brands, Inc. (NYSE:KTB) is a huge mover today! The stock decreased 2.17% or $0.78 during the last trading session, reaching $35.22. About 276,722 shares traded. Kontoor Brands, Inc. (NYSE:KTB) has 0.00% since September 13, 2018 and is . It has by 0.00% the S&P500.
The move comes after 6 months negative chart setup for the $2.00B company. It was reported on Sep, 13 by Barchart.com. We have $33.46 PT which if reached, will make NYSE:KTB worth $100.15M less.

Analysts await Kontoor Brands, Inc. (NYSE:KTB) to report earnings on November, 14. KTB’s profit will be $51.75 million for 9.68 P/E if the $0.91 EPS becomes a reality. After $0.96 actual earnings per share reported by Kontoor Brands, Inc. for the previous quarter, Wall Street now forecasts -5.21 % negative EPS growth.

More notable recent Kontoor Brands, Inc. (NYSE:KTB) news were published by: Seekingalpha.com which released: “Kontoor Brands +3% after Susquehanna points to upside – Seeking Alpha” on June 13, 2019, also Fool.com with their article: “This Newly Public Clothing Company May Handsomely Reward Income Investors – Motley Fool” published on July 10, 2019, Finance.Yahoo.com published: “Kontoor Brands Easily Beats Expectations – Yahoo Finance” on August 08, 2019. More interesting news about Kontoor Brands, Inc. (NYSE:KTB) were released by: Businesswire.com and their article: “Kontoor Brands, Inc. Announces Filing of Quarterly Report on Form 10-Q – Business Wire” published on June 20, 2019 as well as Businesswire.com‘s news article titled: “Kontoor Brands, Inc. Declares First Quarterly Dividend – Business Wire” with publication date: July 23, 2019.

Kontoor Brands, Inc. designs, manufactures, sources, markets, and distributes apparel under the Wrangler and Lee brands in the United States and internationally. The company has market cap of $2.00 billion. The firm sells its products primarily through mass and mid-tier retailers, specialty stores, department stores, and retailer-owned and third-party e-commerce sites, as well as sell its products through direct-to-consumer channels, including full-price stores, outlet stores, and its Websites. It has a 11.36 P/E ratio.

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