Kontoor Brands (NYSE:KTB) Issues Quarterly Earnings Results

Kontoor Brands (NYSE:KTB - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.04, Zacks reports. The business had revenue of $622.90 million during the quarter, compared to analyst estimates of $625.44 million. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. Kontoor Brands's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. Kontoor Brands updated its Q2 2025 guidance to 0.800-0.800 EPS and its FY 2025 guidance to 5.400-5.500 EPS.

Kontoor Brands Stock Down 0.7 %

NYSE:KTB traded down $0.45 during trading hours on Friday, reaching $68.73. 37,235 shares of the stock were exchanged, compared to its average volume of 534,577. The stock has a market cap of $3.80 billion, a PE ratio of 15.48, a PEG ratio of 2.12 and a beta of 1.05. Kontoor Brands has a twelve month low of $50.00 and a twelve month high of $96.80. The firm has a 50 day moving average of $60.75 and a 200 day moving average of $77.43. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, June 10th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Tuesday, June 10th. Kontoor Brands's dividend payout ratio is presently 50.98%.

Analyst Ratings Changes

KTB has been the topic of a number of recent analyst reports. Barclays lifted their price target on shares of Kontoor Brands from $69.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wells Fargo & Company decreased their target price on Kontoor Brands from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price target on Kontoor Brands from $83.00 to $72.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Finally, UBS Group lifted their price objective on Kontoor Brands from $83.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Kontoor Brands has an average rating of "Moderate Buy" and an average price target of $84.80.

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.