Kontoor Brands (NYSE:KTB) Updates FY25 Earnings Guidance

Kontoor Brands (NYSE:KTB) updated its FY25 earnings guidance on Tuesday. 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.

Wall Street Analyst Weigh In

Several analysts have issued reports on KTB shares. Wells Fargo & Company upped their price target on shares of Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. UBS Group lowered their target price on shares of Kontoor Brands from $112.00 to $108.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Stifel Nicolaus lowered Kontoor Brands from a “buy” rating to a “hold” rating and upped their price target for the stock from $89.00 to $93.00 in a research note on Friday, November 1st. Barclays raised their target price on shares of 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 raised their target price on Kontoor Brands from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Kontoor Brands currently has a consensus rating of “Moderate Buy” and an average price target of $96.33.

Kontoor Brands Trading Down 1.9 %

KTB opened at $86.29 on Tuesday. The stock has a market capitalization of $4.76 billion, a PE ratio of 19.43, a P/E/G ratio of 2.12 and a beta of 1.19. The firm’s fifty day moving average price is $87.12 and its 200 day moving average price is $83.12. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.50 and a quick ratio of 1.42. Kontoor Brands has a 12-month low of $52.95 and a 12-month high of $96.80.

Kontoor Brands (NYSE:KTB) last posted its quarterly 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. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. The business had revenue of $699.00 million for the quarter, compared to analyst estimates of $698.07 million. During the same period in the prior year, the company posted $1.28 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Kontoor Brands will post 4.82 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement

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. This represents a $2.08 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Monday, March 10th. Kontoor Brands’s dividend payout ratio (DPR) is 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.