Opinions Jim Cramer - Mad Money
Kontoor BrandsKTBBUYOct 26, 2020
Jim Cramer - Mad MoneyStock price when the opinion was issued
As of Jun 10, 2026. Market Open.
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They own Wrangler, Lee and Helly Hansen brands. Is up 66% since its IPO, helped by a comeback in denim sales in recent years, cost cuts and terrific execution. They had a multi-year rally, then a pullback earlier this year due to Trump's tariffs. Last May they raised guidance with full year growth jumping from 1-3% to 17-19%, a major surprise. Then, Goldman Sachs upgraded their call on KTB to a $85 price target citing the Helly Hansen deal as a tailwind. Also, Levi just reported a blowout quarter, giving him confidence in the demim sector. Trades under 15x and pays a 3% dividend yield.
A bullish is trend is leisurewear in an age when nobody cares if you wear a suit at home Their brands include Lee Jeans. They just scored a new distribution deal, putting it into 2,000 more Walmarts (Target and Amazon are also outlets). BAC just gave them a rare double upgrade from sell to buy and raised estimates, and expects them to restore their dividend as early as Wednesday when they next report.
A bullish trend is leisurewear in an age when nobody cares if you wear a suit at home Their brands include Lee Jeans. They just scored a new distribution deal, putting it into 2,000 more Walmarts (Target and Amazon are also outlets). BAC just gave them a rare double upgrade from sell to buy and raised estimates, and expects them to restore their dividend as early as Wednesday when they next report.