Jim Cramer on Kontoor Brands: “Just Completed a Dynamite Acquisition”

Kontoor Brands, Inc. (NYSE:KTB) is one of the 25 stocks Jim Cramer recently shared insights on. During the episode, Cramer made quite positive comments on the company’s acquisition of Helly Hansen.

“Let me give you another one that has a 3% yield, has just completed a dynamite acquisition. Kontoor Brands, the maker of Wrangler and Lee jeans, which did miss the quarter not that long ago, but bear with me here… Helly Hansen’s, that’s a fantastic clothing brand, just purchased by Kontoor Brands.

I cannot believe, they practically stole this one, for something like $900 million, exact price not disclosed. I think the acquisition transformed this company and makes up for any mistakes by Wrangler or Lee on the way. I think they should call the company Helly Hansen.”

A view of a designer staff in front of a studio with lifestyle apparel they designed.

Kontoor  (NYSE:KTB) is a lifestyle apparel company that designs, markets, and distributes denim, apparel, footwear, and accessories primarily under the Wrangler, Lee, and Rock & Republic brands.

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Disclosure: None.