Kontoor Brands, Inc. (NYSE:KTB) to Issue Quarterly Dividend of $0.53

by · The Markets Daily

Kontoor Brands, Inc. (NYSE:KTB – Get Free Report) announced a quarterly dividend on Friday, July 24th. Investors of record on Tuesday, September 8th will be paid a dividend of 0.53 per share on Friday, September 18th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 8th.

Kontoor Brands has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. Kontoor Brands has a payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kontoor Brands to earn $6.22 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 34.1%.

Kontoor Brands Trading Up 0.3%

NYSE:KTB opened at $83.66 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83. Kontoor Brands has a 12 month low of $53.55 and a 12 month high of $88.96. The company has a market cap of $4.62 billion, a PE ratio of 16.93 and a beta of 0.87. The company has a 50 day simple moving average of $78.15 and a two-hundred day simple moving average of $71.28.

Kontoor Brands (NYSE:KTB – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.11). The firm had revenue of $613.32 million for the quarter, compared to the consensus estimate of $784.76 million. Kontoor Brands had a net margin of 8.30% and a return on equity of 60.17%. Kontoor Brands’s quarterly revenue was up 45.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 earnings per share. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. Research analysts forecast that Kontoor Brands will post 5.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KTB shares. BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of Kontoor Brands in a research report on Friday, May 1st. JPMorgan Chase & Co. started coverage on Kontoor Brands in a research report on Monday, June 8th. They issued an “overweight” rating and a $90.00 target price on the stock. Wall Street Zen downgraded Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Barclays upped their price target on shares of Kontoor Brands from $93.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Kontoor Brands from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.20.

View Our Latest Research Report on KTB

Kontoor Brands Company Profile

(Get Free Report)

Kontoor Brands, Inc is a global apparel company best known for its Wrangler and Lee denim and lifestyle brands. Established as an independent, publicly traded company in May 2019 following a spin-off from VF Corporation, Kontoor leverages a legacy that dates back to 1889 with the founding of Lee and to 1947 with the introduction of the Wrangler brand. The company focuses on designing, manufacturing and distributing premium, casual and workwear apparel, including jeans, pants, shorts, shirts, jackets and complementary accessories.

Kontoor Brands operates a diversified sales model that combines wholesale partnerships with leading retailers, distribution through e-commerce channels and select direct-to-consumer formats.

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