Kontoor Brands Inc’s filing revealed that its EVP, Global Brands President Broyles Jennifer H. unloaded Company’s shares for reported $0.82 million on Nov 20 ’24. In the deal valued at $89.97 per share,9,070 shares were sold. As a result of this transaction, Broyles Jennifer H. now holds 37,546 shares worth roughly $2.76 million.
Then, Broyles Jennifer H. sold 4,768 shares, generating $428,977 in total proceeds. Upon selling the shares at $89.97, the EVP, Global Brands President now owns 0 shares.
Before that, Broyles Jennifer H. bought 4,768 shares. Kontoor Brands Inc shares valued at $428,977 were divested by the Member of immediate family of at a price of $89.97 per share.
Stifel downgraded its Kontoor Brands Inc [KTB] rating to a Hold from a a Buy in a research note published on November 01, 2024; the price target was increased to $93 from $89. A number of analysts have revised their coverage, including Edward Jones’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Hold”. Barclays also remained covering KTB and has increased its forecast on November 06, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Goldman revised its rating on October 19, 2023. It rated KTB as “a Buy” which previously was an “a Neutral”.
Price Performance Review of KTB
On Monday, Kontoor Brands Inc [NYSE:KTB] saw its stock jump 0.91% to $73.39. Over the last five days, the stock has gained 1.00%. Kontoor Brands Inc shares have fallen nearly -14.07% since the year began. Nevertheless, the stocks have risen 7.99% over the past one year.
How much short interest is there in Kontoor Brands Inc?
A steep rise in short interest was recorded in Kontoor Brands Inc stocks on 2025-04-30, growing by 66358.0 shares to a total of 2.52 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-31 was 2.46 million shares. There was a rise of 2.63%, which implies that there is a positive sentiment for the stock.
