$3.66 Billion in Sales Expected for VF Corp (VFC) This Quarter

Brokerages expect that VF Corp (NYSE:VFC) will report $3.66 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for VF’s earnings, with the highest sales estimate coming in at $3.69 billion and the lowest estimate coming in at $3.65 billion. VF posted sales of $3.32 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 10.2%. The firm is expected to report its next quarterly earnings report on Friday, February 16th.

According to Zacks, analysts expect that VF will report full-year sales of $3.66 billion for the current year, with estimates ranging from $12.10 billion to $12.14 billion. For the next financial year, analysts forecast that the company will report sales of $13.20 billion per share, with estimates ranging from $13.05 billion to $13.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow VF.

VF (NYSE:VFC) last released its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.11. VF had a net margin of 8.24% and a return on equity of 29.22%. The firm had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis.

Several brokerages recently issued reports on VFC. DA Davidson upped their target price on shares of VF to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 24th. Susquehanna Bancshares reiterated a “positive” rating and issued a $75.00 target price (up from $70.00) on shares of VF in a research report on Tuesday, August 15th. Cowen reiterated a “hold” rating and issued a $63.00 target price on shares of VF in a research report on Thursday, September 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $60.00 target price (up from $57.00) on shares of VF in a research report on Monday, August 14th. Finally, Buckingham Research upped their target price on shares of VF from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $65.84.

Shares of VF (VFC) traded down $1.17 during trading hours on Friday, reaching $72.96. 3,989,500 shares of the company traded hands, compared to its average volume of 3,062,582. VF has a one year low of $48.05 and a one year high of $74.87. The stock has a market capitalization of $28,370.00, a price-to-earnings ratio of 24.35, a PEG ratio of 2.37 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.47 and a quick ratio of 0.97.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, December 8th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.52%. This is a positive change from VF’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, December 7th. VF’s dividend payout ratio is presently 69.71%.

In other news, CFO Scott A. Roe sold 18,952 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $70.48, for a total transaction of $1,335,736.96. Following the completion of the sale, the chief financial officer now directly owns 114,013 shares in the company, valued at $8,035,636.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Steven E. Rendle sold 65,604 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $70.57, for a total transaction of $4,629,674.28. Following the sale, the chief executive officer now owns 162,235 shares of the company’s stock, valued at $11,448,923.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 254,660 shares of company stock valued at $18,035,832. Company insiders own 1.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of VF by 44.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock worth $111,000 after purchasing an additional 3,372 shares during the period. WASHINGTON TRUST Co purchased a new stake in shares of VF during the third quarter worth about $210,000. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of VF during the third quarter worth about $215,000. RNC Capital Management LLC boosted its holdings in shares of VF 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. Finally, Keel Point LLC boosted its holdings in shares of VF by 3.4% during the second quarter. Keel Point LLC now owns 4,531 shares of the textile maker’s stock worth $261,000 after purchasing an additional 148 shares during the period. Institutional investors own 85.73% of the company’s stock.

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VF 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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Earnings History and Estimates for VF (NYSE:VFC)

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