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

Kontoor Brands, Inc. (NYSE:KTB) declared a quarterly dividend on Friday, April 24th. Shareholders of record on Monday, June 8th will be given a dividend of 0.53 per share on Thursday, June 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, June 8th.

Kontoor Brands has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Kontoor Brands has a payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kontoor Brands to earn $6.95 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 30.5%.

Kontoor Brands Trading Down 4.0%

Shares of KTB stock traded down $3.05 during mid-day trading on Friday, reaching $72.73. The stock had a trading volume of 448,914 shares, compared to its average volume of 793,998. The firm has a market capitalization of $4.02 billion, a PE ratio of 17.96 and a beta of 1.05. The stock’s 50-day moving average price is $70.39 and its two-hundred day moving average price is $69.89. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 2.01. Kontoor Brands has a 52-week low of $53.55 and a 52-week high of $87.00.

Kontoor Brands (NYSE:KTB) last posted its earnings results on Tuesday, March 3rd. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.08. Kontoor Brands had a net margin of 7.22% and a return on equity of 62.02%. During the same quarter last year, the company earned $1.38 earnings per share. The company’s revenue for the quarter was up 45.6% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. Equities analysts expect that Kontoor Brands will post 6.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on KTB. UBS Group increased their price objective on Kontoor Brands from $118.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Wall Street Zen upgraded Kontoor Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Jefferies Financial Group began coverage on Kontoor Brands in a research note on Wednesday, February 4th. They issued a “hold” rating and a $65.00 price target for the company. BTIG Research lifted their price target on shares of Kontoor Brands from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, Barclays boosted their price objective on shares of Kontoor Brands from $74.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.00.

Kontoor Brands Company Profile

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.