Kontoor Brands (KTB) Expected to Announce Quarterly Earnings on Tuesday

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

Kontoor Brands Stock Down 1.7 %

KTB opened at $88.01 on Monday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50. The company has a market cap of $4.85 billion, a PE 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 moving average price of $87.12 and a 200 day moving average price of $83.01. Kontoor Brands has a 1 year low of $52.95 and a 1 year high of $96.80.

Kontoor Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 annualized dividend and a dividend yield of 2.36%. Kontoor Brands’s payout ratio is 46.85%.

Analysts Set New Price Targets

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