Kontoor Brands (NYSE:KTB) Issues Q4 Earnings Guidance

Kontoor Brands (NYSE:KTB) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of ~$1.38 for the period, compared to the consensus EPS estimate of $1.33. The company issued revenue guidance of ~$699 million, compared to the consensus revenue estimate of $697.03 million. Kontoor Brands also updated its Q4 2024 guidance to 1.380-1.380 EPS.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KTB. 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 research note on Tuesday. Wells Fargo & Company upped their target price on Kontoor Brands from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus lowered Kontoor Brands from a “buy” rating to a “hold” rating and upped their target price for the company from $89.00 to $93.00 in a research note on Friday, November 1st. Barclays upped their target price on Kontoor Brands from $83.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Guggenheim increased their price target on Kontoor Brands from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.67.

Kontoor Brands Trading Up 4.2 %

Shares of Kontoor Brands stock traded up $3.59 during trading hours on Wednesday, reaching $89.33. 1,639,468 shares of the company’s stock were exchanged, compared to its average volume of 510,510. Kontoor Brands has a 52-week low of $52.95 and a 52-week high of $96.80. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. The company has a fifty day moving average of $87.18 and a 200-day moving average of $82.57. The company has a current ratio of 2.50, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09.

Kontoor Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, March 10th. Kontoor Brands’s dividend payout ratio is presently 46.85%.

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.