Kontoor Brands (NYSE:KTB) Releases Q4 2024 Earnings Guidance

Kontoor Brands (NYSE:KTB - Get Free Report) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.380-1.380 for the period, compared to the consensus EPS estimate of 1.330. The company issued revenue guidance of $699.0 million-$699.0 million, compared to the consensus revenue estimate of $697.0 million. Kontoor Brands also updated its Q4 guidance to ~$1.38 EPS.

Analysts Set New Price Targets

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

Kontoor Brands Trading Down 1.7 %

Shares of KTB traded down $1.52 during mid-day trading on Friday, reaching $88.01. 794,988 shares of the company's stock traded hands, compared to its average volume of 550,883. The stock has a market cap 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 stock's 50-day moving average is $87.14 and its two-hundred day moving average is $82.78. Kontoor Brands has a 12 month low of $52.95 and a 12 month high of $96.80. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.50 and a quick ratio of 1.42.

Kontoor Brands Announces Dividend

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