Kontoor Brands (NYSE:KTB) Posts Earnings Results, Beats Expectations By $0.07 EPS

Kontoor Brands (NYSE:KTB) posted its earnings results on Tuesday. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.31 by $0.07, Zacks reports. The company had revenue of $699.00 million for the quarter, compared to the consensus estimate of $698.07 million. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 Price Performance

KTB stock traded down $12.16 during mid-day trading on Tuesday, hitting $74.01. The stock had a trading volume of 253,865 shares, compared to its average volume of 561,274. The company has a current ratio of 2.50, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $4.08 billion, a P/E ratio of 16.61, a P/E/G ratio of 2.12 and a beta of 1.19. The firm has a fifty day simple moving average of $87.12 and a 200 day simple moving average of $83.12. Kontoor Brands has a 52 week low of $52.95 and a 52 week high of $96.80.

Kontoor Brands Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a yield of 2.81%. Kontoor Brands’s payout ratio is 46.85%.

Wall Street Analyst Weigh In

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

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.