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 Trading Down 1.7 %

Shares of Kontoor Brands stock opened at $88.01 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.50 and a quick ratio of 1.42. Kontoor Brands has a 1 year low of $52.95 and a 1 year high of $96.80. The company has a market capitalization of $4.85 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.12 and a beta of 1.19. The business has a 50 day moving average price of $87.12 and a 200 day moving average price of $82.91.

Kontoor Brands Dividend Announcement

The business 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 dividend of $0.52 per share. The ex-dividend date is Monday, March 10th. This represents a $2.08 annualized dividend and a dividend yield of 2.36%. Kontoor Brands’s dividend payout ratio is currently 46.85%.

Analyst Upgrades and Downgrades

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