Is Kontoor (KTB) a Solid Growth Stock? 3 Reasons to Think "Yes"

Core Viewpoint - Growth investors are increasingly focused on stocks with above-average financial growth, but identifying stocks that can sustain this growth is challenging [1] Group 1: Company Overview - Kontoor Brands (KTB) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] - The company is known for its Wrangler and Lee apparel brands [3] Group 2: Earnings Growth - Kontoor's historical EPS growth rate is 13.6%, with projected EPS growth of 9.5% this year, significantly outperforming the industry average of 0.4% [5] Group 3: Asset Utilization - Kontoor has an asset utilization ratio (sales-to-total-assets ratio) of 1.58, indicating it generates $1.58 in sales for every dollar in assets, compared to the industry average of 1.19 [6] Group 4: Sales Growth - The company's sales are expected to grow by 1.1% this year, while the industry average is stagnant at 0% [7] Group 5: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Kontoor, with the Zacks Consensus Estimate for the current year increasing by 2.9% over the past month [9] Group 6: Investment Potential - Kontoor has achieved a Growth Score of B and a Zacks Rank of 2, indicating it is a solid choice for growth investors and a potential outperformer [11]