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

Kontoor Brands (NYSE:KTB) updated its FY 2025 earnings guidance on Monday. The company provided EPS guidance of 5.500-5.500 for the period, compared to the consensus EPS estimate of 5.450. The company issued revenue guidance of $3.1 billion-$3.1 billion, compared to the consensus revenue estimate of $3.1 billion.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KTB. BTIG Research began coverage on shares of Kontoor Brands in a report on Tuesday, October 14th. They set a “buy” rating and a $95.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Kontoor Brands in a report on Wednesday, October 8th. Robert W. Baird began coverage on shares of Kontoor Brands in a report on Friday, October 17th. They set an “outperform” rating and a $105.00 price objective on the stock. Wall Street Zen raised shares of Kontoor Brands from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, UBS Group raised their price objective on shares of Kontoor Brands from $99.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Kontoor Brands has a consensus rating of “Moderate Buy” and a consensus target price of $94.71.

Kontoor Brands Stock Performance

Shares of KTB opened at $81.12 on Monday. The company has a current ratio of 2.18, a quick ratio of 0.95 and a debt-to-equity ratio of 2.74. The firm has a market cap of $4.51 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27. The company’s 50 day simple moving average is $80.85 and its 200-day simple moving average is $71.35. Kontoor Brands has a 12-month low of $50.00 and a 12-month high of $96.80.

Kontoor Brands (NYSE:KTB) last announced its earnings results on Monday, November 3rd. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. Kontoor Brands had a net margin of 9.48% and a return on equity of 68.76%. The company’s revenue was up 27.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 EPS. Kontoor Brands has set its FY 2025 guidance at 5.500-5.500 EPS. As a group, equities analysts predict that Kontoor Brands will post 4.82 EPS for the current year.

Kontoor Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Monday, December 8th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Kontoor Brands’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, December 8th. Kontoor Brands’s payout ratio is 46.43%.

Hedge Funds Weigh In On Kontoor Brands

A number of hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL purchased a new position in Kontoor Brands in the 2nd quarter valued at $940,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kontoor Brands by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,779 shares of the company’s stock valued at $2,102,000 after buying an additional 1,432 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Kontoor Brands by 250.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,388 shares of the company’s stock valued at $602,000 after buying an additional 6,712 shares during the last quarter. AQR Capital Management LLC grew its position in Kontoor Brands by 49.3% in the 1st quarter. AQR Capital Management LLC now owns 14,641 shares of the company’s stock valued at $939,000 after buying an additional 4,836 shares during the last quarter. Finally, Orion Porfolio Solutions LLC purchased a new position in Kontoor Brands in the 2nd quarter valued at $297,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

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.