Kontoor Brands (NYSE:KTB) Updates FY25 Earnings Guidance

Kontoor Brands (NYSE:KTB) issued an update on its FY25 earnings guidance on Tuesday morning. 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

KTB has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Kontoor Brands from $83.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. UBS Group cut their target price on Kontoor Brands from $112.00 to $108.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company raised their target price on Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Stifel Nicolaus cut Kontoor Brands from a “buy” rating to a “hold” rating and boosted their price target for the stock from $89.00 to $93.00 in a report on Friday, November 1st. Finally, Guggenheim raised their price objective on Kontoor Brands from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.33.

Kontoor Brands Price Performance

Shares of NYSE:KTB traded down $11.68 during trading on Tuesday, hitting $74.49. 768,783 shares of the company were exchanged, compared to its average volume of 575,870. 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 has a 1-year low of $52.95 and a 1-year high of $96.80. The company has a market capitalization of $4.11 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19. The business’s 50 day moving average is $87.05 and its 200-day moving average is $83.23.

Kontoor Brands (NYSE:KTB) last issued its earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share (EPS) for the quarter, topping 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 business had revenue of $699.00 million during the quarter, compared to analysts’ expectations of $698.07 million. During the same quarter in the prior year, the firm earned $1.28 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts forecast that Kontoor Brands will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Monday, March 10th. Kontoor Brands’s payout ratio is 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.