Kontoor Brands (NYSE:KTB) Releases FY25 Earnings Guidance

Kontoor Brands (NYSE:KTB) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.20-$5.30 for the period, compared to the consensus 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.

Analyst Ratings Changes

A number of research firms have weighed in on KTB. Guggenheim raised their price objective on shares of Kontoor Brands from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their price target on shares of Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Barclays boosted their price objective on Kontoor Brands from $83.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. UBS Group dropped 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. Finally, Stifel Nicolaus cut Kontoor Brands from a “buy” rating to a “hold” rating and lifted their target price for the company from $89.00 to $93.00 in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Kontoor Brands has an average rating of “Moderate Buy” and a consensus target price of $96.33.

Kontoor Brands Stock Down 13.6 %

NYSE:KTB traded down $11.68 on Tuesday, hitting $74.49. The stock had a trading volume of 768,783 shares, compared to its average volume of 575,870. Kontoor Brands has a 1 year low of $52.95 and a 1 year high of $96.80. The firm’s fifty day simple moving average is $87.05 and its two-hundred day simple moving average is $83.23. 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 cap of $4.11 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19.

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

Kontoor Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 2.79%. The ex-dividend date is Monday, March 10th. Kontoor Brands’s dividend payout ratio is presently 46.85%.

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.