Kontoor Brands, Inc. (NYSE:KTB) Declares Quarterly Dividend of $0.40

Thursday, July 22, 2021 | MarketBeat

Kontoor Brands, Inc. (NYSE:KTB) announced a quarterly dividend on Wednesday, July 21st, Zacks reports. Investors of record on Friday, September 10th will be paid a dividend of 0.40 per share on Monday, September 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, September 9th.

Shares of KTB opened at $55.50 on Thursday. The company has a market capitalization of $3.20 billion, a P/E ratio of 24.13, a P/E/G ratio of 1.80 and a beta of 1.29. The company has a quick ratio of 1.21, a current ratio of 2.02 and a debt-to-equity ratio of 5.89. The firm's 50 day moving average price is $60.14. Kontoor Brands has a twelve month low of $16.87 and a twelve month high of $69.16.

Kontoor Brands (NYSE:KTB) last issued its earnings results on Thursday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.04 by $0.39. Kontoor Brands had a net margin of 6.02% and a return on equity of 440.68%. The company had revenue of $651.76 million for the quarter, compared to analysts' expectations of $608.75 million. During the same quarter last year, the company posted $0.27 earnings per share. The firm's quarterly revenue was up 29.2% on a year-over-year basis. As a group, equities analysts predict that Kontoor Brands will post 3.85 earnings per share for the current fiscal year.

Several brokerages recently issued reports on KTB. UBS Group raised their target price on shares of Kontoor Brands from $89.00 to $97.00 and gave the stock a "buy" rating in a report on Tuesday, May 25th. Barclays raised their target price on shares of Kontoor Brands from $56.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, May 7th. Piper Sandler raised their target price on shares of Kontoor Brands from $59.00 to $70.00 and gave the stock an "overweight" rating in a report on Monday, April 12th. Finally, The Goldman Sachs Group started coverage on shares of Kontoor Brands in a research note on Wednesday, July 14th. They set a "buy" rating and a $69.00 price target on the stock. Seven analysts have rated the stock with a buy rating, The company has a consensus rating of "Buy" and an average price target of $65.00.

In other news, EVP Laurel Krueger sold 6,762 shares of the firm's stock in a transaction on Friday, May 28th. The shares were sold at an average price of $63.98, for a total transaction of $432,632.76. Following the sale, the executive vice president now directly owns 29,058 shares in the company, valued at approximately $1,859,130.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company's stock.

Kontoor Brands Company Profile

Kontoor Brands, Inc engages in the design, manufacture, sourcing, marketing, and distribution of a portfolio of brands. It operates through the Wrangler and Lee segment. The company was founded on November 18, 2018 and is headquartered in Greensboro, NC.

Featured Article: Differences Between Momentum Investing and Long Term Investing

Dividend History for Kontoor Brands (NYSE:KTB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Kontoor Brands right now?

Before you consider Kontoor Brands, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kontoor Brands wasn't on the list.

While Kontoor Brands currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.