Kontoor Brands (KTB) Scheduled to Post Quarterly Earnings on Thursday

Kontoor Brands (NYSE:KTB - Get Free Report) will post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Kontoor Brands to post earnings of $1.25 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Kontoor Brands (NYSE:KTB - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.88 by $0.10. The firm had revenue of $607.00 million for the quarter, compared to analysts' expectations of $592.97 million. Kontoor Brands had a net margin of 9.35% and a return on equity of 72.43%. Kontoor Brands's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. On average, analysts expect Kontoor Brands to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Kontoor Brands Price Performance

Shares of Kontoor Brands stock traded down $0.92 on Thursday, hitting $76.60. The company had a trading volume of 397,065 shares, compared to its average volume of 479,939. Kontoor Brands has a 52 week low of $39.90 and a 52 week high of $84.21. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.74 and a quick ratio of 1.43. The company has a market cap of $4.28 billion, a PE ratio of 19.39, a PEG ratio of 2.08 and a beta of 1.20. The business has a 50-day simple moving average of $76.95 and a 200-day simple moving average of $70.32.

Kontoor Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Tuesday, September 10th. Kontoor Brands's dividend payout ratio (DPR) is presently 50.63%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays raised their target price on Kontoor Brands from $76.00 to $83.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. UBS Group boosted their target price on shares of Kontoor Brands from $90.00 to $103.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Wells Fargo & Company raised their target price on shares of Kontoor Brands from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday. Stifel Nicolaus upped their price target on Kontoor Brands from $80.00 to $89.00 and gave the company a "buy" rating in a report on Monday, October 7th. Finally, Guggenheim raised their price objective on Kontoor Brands from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Kontoor Brands presently has a consensus rating of "Moderate Buy" and an average price target of $87.00.

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.