We recently published 12 Stocks Jim Cramer Recently Talked About In His “Idea-Driven” Market. Kontoor Brands, Inc. (NASDAQ:KTB) is one of the stocks Jim Cramer recently discussed.
Kontoor Brands, Inc. (NASDAQ:KTB)’s shares, like its peers in the retail and apparel industry, haven’t performed well in 2025 as they are down by 15% year-to-date. The firm has struggled from weak consumer sentiment that led to a disappointing full year guidance in February and dealt a massive blow to the stock. However, Kontoor Brands, Inc. (NASDAQ:KTB) has benefited recently from its acquisition of retailer Helly Hansen, which has a strong presence in Vietnam. Cramer commented on the deal:
“Just watch this. Kontoor Brands. This morning, Goldman puts it on its Conviction List. Why? Because of Helly. . .well Helly Hansen is a brand that is so huge in Canada they bought it the deal has just closed. I think they’re going to blow out Helly Hansen, which makes the best outdoor clothes I have ever had. We used it exclusively in British Columbia. And, now that stock is going to go up five. Because people want, ooh, Hally Hansen, Goldman Sachs recommended, I know HH, that’s a good brand. I think that’s a good idea. I’m going to go buy it. Because that’s what happening. Not basis points!”
A view of a designer staff in front of a studio with lifestyle apparel they designed.
Cramer discussed the acquisition and the earnings in March:
“I got blown up there, I had them on to introduce the HH purchase. And it seemed really great and I got blown up, because I had the, they had preannounced the numbers but they didn’t talk the forecast so I apologize to anyone who watched the report. Because I didn’t know that the forecast was bad. And the forecast is, I always tell David, is the forecast.”
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Disclosure: None. This article is originally published at Insider Monkey.
