Kontoor Manufacturers, Inc. (NYSE:KTB) is among the 22 shares Jim Cramer lately talked about. Expressing bullishness on the corporate’s story, Cramer mentioned:
“Hear, I’m telling tales right here. Given all of the product that they’ve sourced in Vietnam, who else? Okay, I obtained a wild one for you, Kontoor Manufacturers, the mother or father of Lee and Wrangler denims. They’ve nearly no manufacturing in Vietnam, neglect that. However it simply acquired Helly Hansen, the outside attire firm, affectionately recognized within the Cramer household as Helly R, and Vietnam is a serious manufacturing hub for them. Oh, I like that story.”
A view of a designer workers in entrance of a studio with way of life attire they designed. Kontoor Manufacturers (NYSE:KTB) is a life-style attire firm that designs, markets, and distributes denim, clothes, footwear, and equipment underneath the Wrangler, Lee, and Rock & Republic manufacturers. Earlier within the week, Cramer commented:
“Let me offer you one other one which has a 3% yield, has simply accomplished a dynamite acquisition. Kontoor Manufacturers, the maker of Wrangler and Lee denims, which did miss the quarter not that way back, however bear with me right here… Helly Hansen’s, that’s a incredible clothes model, simply bought by Kontoor Manufacturers. I can’t consider, they virtually stole this one, for one thing like $900 million, precise worth not disclosed. I believe the acquisition reworked this firm and makes up for any errors by Wrangler or Lee on the best way. I believe they need to name the corporate Helly Hansen.”
Whereas we acknowledge the potential of KTB as an funding, we consider sure AI shares supply larger upside potential and carry much less draw back threat. For those who’re searching for an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring pattern, see our free report on the greatest short-term AI inventory. READ NEXT: The Greatest and Worst Dow Shares for the Subsequent 12 Months and 10 Unstoppable Shares That May Double Your Cash. Disclosure: None.
