FY2017 EPS Estimates for V.F. Corporation (VFC) Lifted by DA Davidson
V.F. Corporation (NYSE:VFC) – Stock analysts at DA Davidson boosted their FY2017 EPS estimates for shares of V.F. Corporation in a research report issued to clients and investors on Monday. DA Davidson analyst A. Burns now expects that the textile maker will post earnings of $3.01 per share for the year, up from their previous forecast of $2.96. DA Davidson has a “Neutral” rating and a $72.00 price objective on the stock. DA Davidson also issued estimates for V.F. Corporation’s Q4 2017 earnings at $0.99 EPS and FY2018 earnings at $3.60 EPS.
Several other research analysts have also recently commented on VFC. Piper Jaffray Companies set a $58.00 price target on V.F. Corporation and gave the company a “hold” rating in a research report on Monday, August 14th. Forward View raised V.F. Corporation from a “sell” rating to a “hold” rating and set a $65.00 price target for the company in a research report on Friday, July 28th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $75.00 price target (up from $70.00) on shares of V.F. Corporation in a research report on Tuesday, August 15th. Buckingham Research increased their price target on V.F. Corporation from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. Finally, Cowen and Company reissued a “hold” rating on shares of V.F. Corporation in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $64.86.
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Shares of V.F. Corporation (NYSE VFC) opened at 71.23 on Wednesday. The stock has a market capitalization of $28.04 billion, a P/E ratio of 27.18 and a beta of 0.77. The stock’s 50 day moving average price is $63.98 and its 200-day moving average price is $59.08. V.F. Corporation has a 1-year low of $48.05 and a 1-year high of $71.95.
V.F. Corporation (NYSE:VFC) last posted its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.11. V.F. Corporation had a return on equity of 29.22% and a net margin of 8.24%. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the business earned $1.20 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Orrstown Financial Services Inc. increased its stake in shares of V.F. Corporation by 9.2% during the second quarter. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker’s stock worth $103,000 after purchasing an additional 150 shares during the period. Zions Bancorporation increased its stake in shares of V.F. Corporation by 1.5% during the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock worth $140,000 after purchasing an additional 38 shares during the period. Pathstone Family Office LLC bought a new position in shares of V.F. Corporation during the first quarter worth approximately $187,000. Ronald Blue & Co. LLC bought a new position in shares of V.F. Corporation during the second quarter worth approximately $203,000. Finally, RNC Capital Management LLC increased its stake in shares of V.F. Corporation by 1.5% during the second quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock worth $238,000 after purchasing an additional 60 shares during the period.
In other news, Chairman Eric C. Wiseman sold 290,021 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $63.15, for a total transaction of $18,314,826.15. Following the transaction, the chairman now owns 552,426 shares in the company, valued at $34,885,701.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Aidan O’meara sold 29,336 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $62.54, for a total value of $1,834,673.44. Following the transaction, the vice president now owns 120,680 shares in the company, valued at approximately $7,547,327.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 453,152 shares of company stock worth $28,649,326. 1.60% of the stock is owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.58%. This is a positive change from V.F. Corporation’s previous quarterly dividend of $0.42. V.F. Corporation’s dividend payout ratio (DPR) is 70.89%.
V.F. Corporation Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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