Spinoff Report
KTB: Buy on Strong Maiden Earnings & Positive Factors
Since its Spinoff from VF Corp. (VFC) in May 2019, Kontoor Brands, Inc. (KTB) has emerged from its post-Spin selling pressure with plenty of positives to back up its recent share price recovery. These include the company's maiden earnings outperforming, a dividend yield of 6.6% (peer LEVI has no dividend), insulation against tariffs, and steadily improving margins. Though it listed with an index play and debt transfer against its favor, these results show KTB is positioned for strength ahead.

  • Investors Recommended to Enter KTB at Current Levels / Key Positives Now in Play
  • Comfortably Surpassed Expectations in First Post-Spin Earnings / Management Reaffirmed Guidance
  • Annual Dividend Yield of 6.6% is a Key Near-Term Positive / Direct Peer LEVI has Not Declared a Dividend
  • Management has Detailed How KTB is Insulated Against Tariffs / Margin Improvement Underway
  • Target Prices Revised / KTB is a Current Spinoff Model Portfolio Holding
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