Zacks: Analysts Anticipate VF Corp (VFC) Will Post Quarterly Sales of $3.66 Billion
Equities research analysts predict that VF Corp (NYSE:VFC) will announce sales of $3.66 billion for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for VF’s earnings. The lowest sales estimate is $3.65 billion and the highest is $3.69 billion. VF reported sales of $3.32 billion in the same quarter last year, which would suggest a positive year over year growth rate of 10.2%. The firm is expected to report its next earnings results on Friday, February 16th.
On average, analysts expect that VF will report full year sales of $3.66 billion for the current fiscal year, with estimates ranging from $12.10 billion to $12.14 billion. For the next year, analysts anticipate 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 calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for VF.
VF (NYSE:VFC) last posted its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.11. VF had a return on equity of 29.22% and a net margin of 8.24%. The company 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 company earned $1.20 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis.
Shares of VF (VFC) traded up $0.29 during trading hours on Friday, reaching $75.75. 1,030,000 shares of the company’s stock traded hands, compared to its average volume of 2,210,000. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47. VF has a 52 week low of $48.05 and a 52 week high of $76.16. The firm has a market cap of $29,930.00, a P/E ratio of 31.43, a P/E/G ratio of 2.08 and a beta of 0.80.
The business also recently declared a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Friday, December 8th were paid a $0.46 dividend. The ex-dividend date was Thursday, December 7th. This is an increase from VF’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.43%. VF’s dividend payout ratio is 76.35%.
In other news, VP Scott H. Baxter sold 39,694 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $71.50, for a total value of $2,838,121.00. Following the transaction, the vice president now directly owns 112,202 shares of the company’s stock, valued at $8,022,443. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott H. Baxter sold 89,822 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $71.14, for a total transaction of $6,389,937.08. Following the completion of the transaction, the vice president now directly owns 127,844 shares in the company, valued at $9,094,822.16. The disclosure for this sale can be found here. Insiders sold 254,660 shares of company stock worth $18,035,832 over the last ninety days. 1.60% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. AMG National Trust Bank boosted its holdings in VF by 0.7% in the third quarter. AMG National Trust Bank now owns 1,347,332 shares of the textile maker’s stock worth $85,650,000 after purchasing an additional 9,604 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in VF by 8.0% in the third quarter. Parametric Portfolio Associates LLC now owns 1,000,746 shares of the textile maker’s stock worth $63,617,000 after purchasing an additional 73,716 shares in the last quarter. Schroder Investment Management Group boosted its holdings in VF by 22.8% in the second quarter. Schroder Investment Management Group now owns 966,792 shares of the textile maker’s stock worth $55,039,000 after purchasing an additional 179,455 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in VF by 2.4% in the third quarter. New York State Common Retirement Fund now owns 934,700 shares of the textile maker’s stock worth $59,419,000 after purchasing an additional 22,300 shares in the last quarter. Finally, Eaton Vance Management boosted its holdings in VF by 1,249.7% in the second quarter. Eaton Vance Management now owns 930,352 shares of the textile maker’s stock worth $53,588,000 after purchasing an additional 861,421 shares in the last quarter.
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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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