Kontoor Brands (KTB) to Release Quarterly Earnings on Wednesday

Kontoor Brands (NYSE:KTB) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.33 per share and revenue of $697.03 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Kontoor Brands Trading Up 2.5 %

Shares of KTB opened at $85.86 on Wednesday. The stock’s 50-day moving average price is $87.18 and its 200 day moving average price is $82.57. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. Kontoor Brands has a 12-month low of $52.95 and a 12-month high of $96.80. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 2.08 and a beta of 1.19.

Kontoor Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.42%. Kontoor Brands’s payout ratio is 46.85%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Guggenheim boosted their price target on shares of Kontoor Brands from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus cut shares of Kontoor Brands from a “buy” rating to a “hold” rating and raised their price target for the stock from $89.00 to $93.00 in a research note on Friday, November 1st. UBS Group lowered their price objective on Kontoor Brands from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Tuesday. Wells Fargo & Company raised their target price on Kontoor Brands from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price target on Kontoor Brands from $83.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.67.

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.