Kontoor Brands (NYSE:KTB) Updates FY25 Earnings Guidance

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

Analysts Set New Price Targets

Several analysts have issued reports on KTB shares. Barclays reduced their price target on shares of Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating on the stock in a report on Wednesday. UBS Group cut their target price on shares of Kontoor Brands from $112.00 to $108.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Guggenheim raised 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. Stifel Nicolaus lowered shares of Kontoor Brands from a “buy” rating to a “hold” rating and boosted their price objective for the company from $89.00 to $93.00 in a research report on Friday, November 1st. Finally, Wells Fargo & Company lifted their target price 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.17.

Kontoor Brands Trading Down 1.5 %

Shares of KTB stock traded down $1.01 during trading hours on Thursday, hitting $67.49. 445,697 shares of the company were exchanged, compared to its average volume of 634,902. The firm has a market cap of $3.72 billion, a PE ratio of 15.22, a PEG ratio of 2.12 and a beta of 1.19. The firm has a fifty day moving average of $86.43 and a 200 day moving average of $83.15. Kontoor Brands has a 1 year low of $52.95 and a 1 year high of $96.80. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09.

Kontoor Brands (NYSE:KTB) last issued its earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $698.07 million. During the same quarter last year, the firm earned $1.28 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts expect that Kontoor Brands will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.08 annualized dividend and a yield of 3.08%. Kontoor Brands’s dividend payout ratio is currently 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.