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

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

Kontoor Brands Stock Performance

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

Kontoor Brands Dividend Announcement

The company also recently declared 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 is Monday, March 10th. This represents a $2.08 annualized dividend and a dividend yield of 2.42%. Kontoor Brands’s payout ratio is 46.85%.

Wall Street Analyst Weigh In

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