Added to YB: 2026-06-25
Pitch date: 2026-04-20
KTB [bearish]
Kontoor Brands, Inc.
+0.67%
current return
Author Info
No bio for this author
Company Info
Kontoor Brands, Inc., a lifestyle apparel company, designs, manufactures, procures, sells, and licenses apparel, footwear, and accessories, primarily under the Wrangler, Lee, and Helly Hansen brands.
Market Cap
$4.2B
Pitch Price
$78.01
Price Target
N/A
Dividend
2.76%
EV/EBITDA
8.24
P/E
15.49
EV/Sales
1.64
Sector
Textiles, Apparel and Luxury Goods
Category
value
Kontoor Brands, Inc. - $KTB (short)
KTB (short): Wrangler/Lee/Helly Hansen owner. Short thesis: Wrangler (75% segment profit) over-earning at peak 23% margin; cotton +16.5% since Q4 = $0.30-0.40 EPS hit to $6.40-6.50 guide. Extreme WMT (36%) concentration, no rev growth since 2009. $900M HH deal (11x EBITDA) likely flops per apparel M&A base rates + weak US outdoor. 14x adj but 19x GAAP, low-quality add-backs. FV low/mid-$60s; misses = ~15% drops.
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