I celebrated a birthday not that long ago, and for this child of the 1970's, my own children gave me a graphic T-shirt sporting the outline of a Storm Trooper from the Star Wars film series, filled in with
Kontoor Brands: Value In The Denim Department
Summary
- Kontoor Brands, owner of Lee and Wrangler brands of jeans, has invested in operational improvements and is expecting continuing rebound in sales.
- In spite of inflation pressures from higher cotton costs, the company anticipates improvements in gross margins into 2022.
- With a $200 million share repurchase authorization, a dividend yield just over 3%, and equity priced appropriately in the value range, Kontoor is poised to generate solid shareholder returns.
My professional background is in church work, but I left that vocation in 2012. In 2015, I earned an MBA from the Aix-Marseille University, located in in Aix-en-Provence in southern France. I currently live and work in the midwest with my spouse, children, and a cat who seems to like me more than she likes anyone else in our house.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of KTB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.