Kontoor Brands (NYSE:KTB) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

by · The Cerbat Gem

Kontoor Brands (NYSE:KTBGet Free Report) posted its quarterly earnings results on Monday. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.35 by $0.09, Zacks reports. Kontoor Brands had a return on equity of 68.76% and a net margin of 9.48%.The firm had revenue of $853.22 million during the quarter, compared to analysts’ expectations of $879.10 million. During the same quarter last year, the firm earned $1.37 earnings per share. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. Kontoor Brands updated its FY 2025 guidance to 5.500-5.500 EPS and its Q4 2025 guidance to 1.640-1.640 EPS.

Kontoor Brands Trading Down 9.0%

KTB opened at $73.67 on Tuesday. Kontoor Brands has a 52 week low of $50.00 and a 52 week high of $96.80. The business has a fifty day simple moving average of $80.80 and a 200-day simple moving average of $71.48. The firm has a market cap of $4.09 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.85 and a beta of 1.27. The company has a quick ratio of 0.95, a current ratio of 2.18 and a debt-to-equity ratio of 2.74.

Kontoor Brands Increases Dividend

The company also recently declared 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 is an increase from Kontoor Brands’s previous quarterly dividend of $0.52. This represents a $2.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, December 8th. Kontoor Brands’s dividend payout ratio (DPR) is 46.43%.

Wall Street Analysts Forecast Growth

KTB has been the subject of several recent research reports. Robert W. Baird initiated coverage on Kontoor Brands in a report on Friday, October 17th. They issued an “outperform” rating and a $105.00 price target for the company. BTIG Research began coverage on Kontoor Brands in a research report on Tuesday, October 14th. They issued a “buy” rating and a $95.00 price objective for the company. Wells Fargo & Company increased their price objective on Kontoor Brands from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Stifel Nicolaus increased their price objective on Kontoor Brands from $72.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded Kontoor Brands from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Kontoor Brands has an average rating of “Moderate Buy” and an average price target of $94.71.

Get Our Latest Research Report on KTB

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KTB. EverSource Wealth Advisors LLC boosted its position in shares of Kontoor Brands by 118.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,469 shares of the company’s stock worth $97,000 after buying an additional 797 shares during the period. United Services Automobile Association purchased a new position in Kontoor Brands in the first quarter valued at $205,000. Walleye Capital LLC purchased a new position in Kontoor Brands in the second quarter valued at $278,000. Orion Porfolio Solutions LLC purchased a new position in Kontoor Brands in the second quarter valued at $297,000. Finally, Quantinno Capital Management LP purchased a new position in Kontoor Brands in the second quarter valued at $341,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

About Kontoor Brands

(Get Free Report)

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.

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