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

Kontoor Brands (NYSE:KTB) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.380-1.380 for the period, compared to the consensus 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

KTB has been the topic of several research reports. Barclays increased their price objective on shares of Kontoor Brands from $83.00 to $100.00 and gave the stock an “overweight” rating in a research note 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 company an “overweight” rating in a research note on Thursday. Stifel Nicolaus lowered 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. UBS Group cut their target price on Kontoor Brands from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Guggenheim increased their price target on Kontoor Brands from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.33.

Kontoor Brands Stock Down 0.2 %

NYSE KTB traded down $0.17 during trading on Friday, reaching $89.36. 52,426 shares of the company’s stock were exchanged, compared to its average volume of 538,765. The company has a current ratio of 2.50, a quick ratio of 1.42 and a debt-to-equity ratio of 2.09. Kontoor Brands has a fifty-two week low of $52.95 and a fifty-two week high of $96.80. The company’s fifty day simple moving average is $87.14 and its 200-day simple moving average is $82.78. The firm has a market capitalization of $4.93 billion, a PE ratio of 20.12, a P/E/G ratio of 2.12 and a beta of 1.19.

Kontoor Brands Dividend Announcement

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 issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, March 10th. Kontoor Brands’s dividend 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.