Kontoor Brands (KTB) Expected to Announce Earnings on Wednesday

Kontoor Brands (NYSE:KTB - Get Free Report) is projected to announce its earnings results 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. Investors that are interested in participating in the company's conference call can do so using this link.

Kontoor Brands Stock Up 0.5 %

KTB traded up $0.45 on Thursday, hitting $89.72. The company had a trading volume of 1,337,859 shares, compared to its average volume of 553,653. The stock has a fifty day moving average price of $87.14 and a 200-day moving average price of $82.78. Kontoor Brands has a 12-month low of $52.95 and a 12-month high of $96.80. 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 stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 2.03 and a beta of 1.19.

Kontoor Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 annualized dividend and a yield of 2.32%. Kontoor Brands's dividend payout ratio (DPR) is presently 46.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their price target 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 boosted their price target on Kontoor Brands from $95.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday. Barclays boosted their price target on Kontoor Brands from $83.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Stifel Nicolaus lowered 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 note on Friday, November 1st. Finally, Guggenheim boosted their price target on Kontoor Brands from $80.00 to $100.00 and gave the stock a "buy" 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $96.33.

Kontoor Brands Company Profile

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.