Kontoor Brands (KTB) Projected to Post Quarterly Earnings on Tuesday

Kontoor Brands (NYSE:KTB) is expected to issue its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.31 per share and revenue of $698.07 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Kontoor Brands Price Performance

Shares of KTB opened at $88.01 on Friday. Kontoor Brands has a fifty-two week low of $52.95 and a fifty-two week high of $96.80. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19. The firm has a 50-day simple moving average of $87.12 and a 200-day simple moving average of $82.91. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50.

Kontoor Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a $0.52 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a yield of 2.36%. Kontoor Brands’s payout ratio is currently 46.85%.

Wall Street Analysts Forecast Growth

KTB has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on shares of Kontoor Brands from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Barclays raised their price objective on shares of Kontoor Brands from $83.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Guggenheim raised their price objective on shares of Kontoor Brands from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company raised their price objective on shares of Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Stifel Nicolaus downgraded shares of Kontoor Brands from a “buy” rating to a “hold” rating and raised their price objective for the company from $89.00 to $93.00 in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.33.

About Kontoor Brands

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.