Kontoor Brands (NYSE:KTB) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Kontoor Brands (NYSE:KTB) announced its quarterly earnings data on Tuesday. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.07, Zacks reports. The business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $698.07 million. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 earnings per share. Kontoor Brands updated its FY 2025 guidance to 5.200-5.300 EPS and its FY25 guidance to $5.20-$5.30 EPS.

Kontoor Brands Stock Down 9.5 %

Shares of NYSE:KTB opened at $78.00 on Tuesday. Kontoor Brands has a 1-year low of $52.95 and a 1-year high of $96.80. The company’s fifty day moving average is $87.12 and its two-hundred day moving average is $83.12. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.42 and a current ratio of 2.50. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19.

Kontoor Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Monday, March 10th. Kontoor Brands’s dividend payout ratio is currently 46.85%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group reduced their target price on Kontoor Brands from $112.00 to $108.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus downgraded Kontoor Brands from a “buy” rating to a “hold” rating and increased their price target for the company from $89.00 to $93.00 in a report on Friday, November 1st. Guggenheim lifted their price target on shares of Kontoor Brands from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their target price on Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Finally, Barclays boosted their price target on Kontoor Brands from $83.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.33.

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.