Kontoor Brands (NYSE:KTB) Updates FY 2025 Earnings Guidance

Kontoor Brands (NYSE:KTB) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 5.200-5.300 for the period, compared to the consensus EPS estimate of 5.370. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion. Kontoor Brands also updated its FY25 guidance to $5.20-$5.30 EPS.

Kontoor Brands Stock Down 2.0 %

Shares of KTB opened at $73.10 on Wednesday. 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 company has a 50-day simple moving average of $86.77 and a 200-day simple moving average of $83.25. 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 $4.03 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.12 and a beta of 1.19.

Kontoor Brands (NYSE:KTB) last issued its earnings results on Tuesday, February 25th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.31 by $0.07. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The company had revenue of $699.00 million for the quarter, compared to the consensus estimate of $698.07 million. During the same quarter in the previous year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that Kontoor Brands will post 4.82 earnings per share for the current year.

Kontoor Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Monday, March 10th. Kontoor Brands’s dividend payout ratio (DPR) is currently 46.85%.

Analyst Upgrades and Downgrades

KTB has been the subject of several research analyst reports. Barclays cut their price objective on Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating for the company in a research report on Wednesday. Guggenheim upped their price target on shares of Kontoor Brands from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus lowered shares of Kontoor Brands from a “buy” rating to a “hold” rating and increased their price objective for the stock from $89.00 to $93.00 in a report on Friday, November 1st. Wells Fargo & Company boosted their target price 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. Finally, UBS Group decreased their price target on shares of Kontoor Brands from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. One 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 stock currently has an average rating of “Moderate Buy” and an average price target of $95.17.

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.