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

Kontoor Brands (NYSE:KTB) posted its quarterly 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. 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 during 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 business’s revenue for the quarter was up 4.4% on a year-over-year basis. 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

Shares of NYSE KTB opened at $78.00 on Tuesday. The company’s fifty day moving average is $87.12 and its two-hundred day moving average is $83.12. Kontoor Brands has a one year low of $52.95 and a one year high of $96.80. 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 firm has a market capitalization of $4.30 billion, a P/E ratio of 17.58, a PEG ratio of 2.12 and a beta of 1.19.

Kontoor Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a $0.52 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a yield of 2.67%. Kontoor Brands’s payout ratio is currently 46.85%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KTB. Wells Fargo & Company raised their price objective on shares of Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. UBS Group dropped their price target 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. Barclays increased their price objective on Kontoor Brands from $83.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Stifel Nicolaus downgraded 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 report on Friday, November 1st. Finally, Guggenheim boosted their price objective on Kontoor Brands from $80.00 to $100.00 and gave the stock a “buy” rating 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.33.

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.