Spinoff Report
VFC & KTB: Look to Increase KTB on Selloff & VFC on Strong Brands
Kontoor Brands, Inc. (KTB) saw the selling pressure we predicted as it left the S&P 500 Index last week on listing (entering the S&P SmallCap 600 Index) and has also experienced the broad apparel sector selloff. This has brought the stock down to below $30, and our valuation indicates this is a great opportunity to get in. Equally, we recommend investors increase their stake in VF Corp. (VFC) on its strong name brands and high-margin, high-growth business.

  • VFC Completed Spinoff of KTB on May 23, 2019 / 1:7 Distribution Ratio
  • Previous Spins with Debt Transfer & Index Play Combo Resulted in Stock Price Drops (GTX, REZI, CVET)
  • Q1 2020 Earnings Expected by the End of July / 7.5% Dividend Yield Expected for KTB
  • Investors Recommended Enter VFC & KTB at Current Levels
  • VFC Increases +2% Weighting & KTB Increases +3% at the End of Today's (June 3) VWAP
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