Kontoor Brands (NYSE:KTB) Releases Q4 Earnings Guidance

Kontoor Brands (NYSE:KTB - Get Free Report) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of ~$1.38 for the period, compared to the consensus estimate of $1.33. The company issued revenue guidance of ~$699 million, compared to the consensus revenue estimate of $697.03 million. Kontoor Brands also updated its Q4 2024 guidance to 1.380-1.380 EPS.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group reduced their price target on Kontoor Brands from $112.00 to $108.00 and set a "buy" rating on the stock in a report on Tuesday. Stifel Nicolaus downgraded Kontoor Brands from a "buy" rating to a "hold" rating and upped their target price for the stock from $89.00 to $93.00 in a report on Friday, November 1st. Guggenheim upped their target price on Kontoor Brands from $80.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Wells Fargo & Company upped their target price on Kontoor Brands from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Barclays upped their target price on Kontoor Brands from $83.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Kontoor Brands presently has a consensus rating of "Moderate Buy" and an average target price of $96.33.

Kontoor Brands Stock Down 1.7 %

Shares of Kontoor Brands stock traded down $1.52 during midday trading on Friday, hitting $88.01. The company had a trading volume of 806,300 shares, compared to its average volume of 561,147. 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 stock has a market capitalization of $4.85 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.12 and a beta of 1.19. The company has a 50 day moving average of $87.14 and a 200 day moving average of $82.78. Kontoor Brands has a 52-week low of $52.95 and a 52-week high of $96.80.

Kontoor Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.08 annualized dividend and a dividend yield of 2.36%. Kontoor Brands's payout ratio is currently 46.85%.

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.