Kontoor Brands (NYSE:KTB) Issues FY25 Earnings Guidance

Kontoor Brands (NYSE:KTB) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.20-$5.30 for the period, compared to the consensus EPS estimate of $5.37. The company issued revenue guidance of $2.63-$2.69 billion, compared to the consensus revenue estimate of $2.68 billion. Kontoor Brands also updated its FY 2025 guidance to 5.200-5.300 EPS.

Kontoor Brands Price Performance

NYSE KTB traded down $4.42 on Wednesday, hitting $70.16. 238,998 shares of the company’s stock were exchanged, compared to its average volume of 597,729. Kontoor Brands has a 52 week low of $52.95 and a 52 week high of $96.80. The stock has a 50-day moving average of $86.77 and a 200-day moving average of $83.25. The company has a current ratio of 2.50, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 2.12 and a beta of 1.19.

Kontoor Brands (NYSE:KTB) last issued its earnings results on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.31 by $0.07. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. The firm had revenue of $699.00 million during the quarter, compared to the consensus estimate of $698.07 million. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Kontoor Brands will post 4.82 earnings per share for the current year.

Kontoor Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.52 per share. The ex-dividend date is Monday, March 10th. This represents a $2.08 annualized dividend and a dividend yield of 2.96%. Kontoor Brands’s dividend payout ratio (DPR) is presently 46.85%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KTB shares. Stifel Nicolaus lowered Kontoor Brands from a “buy” rating to a “hold” rating and lifted their price target for the company from $89.00 to $93.00 in a research note on Friday, November 1st. UBS Group decreased their price target on shares of Kontoor Brands from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on shares of Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Barclays lowered their target price on Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Guggenheim raised their price objective on Kontoor Brands from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.17.

About Kontoor Brands

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.