Zacks: Analysts Anticipate VF Corp (VFC) Will Announce Earnings of $1.01 Per Share

Analysts expect VF Corp (NYSE:VFC) to post earnings of $1.01 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for VF’s earnings. The lowest EPS estimate is $0.99 and the highest is $1.05. VF reported earnings of $0.97 per share during the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The business is scheduled to announce its next quarterly earnings report on Friday, February 16th.

According to Zacks, analysts expect that VF will report full year earnings of $3.03 per share for the current year, with EPS estimates ranging from $3.01 to $3.08. For the next financial year, analysts forecast that the firm will report earnings of $3.44 per share, with EPS estimates ranging from $3.32 to $3.60. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow VF.

VF (NYSE:VFC) last released its quarterly earnings data on Monday, October 23rd. The textile maker reported $1.23 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. VF’s revenue for the quarter was up 5.4% on a year-over-year basis.

Several equities analysts have issued reports on VFC shares. Canaccord Genuity set a $81.00 price objective on shares of VF and gave the company a “buy” rating in a research note on Thursday, October 19th. Cowen restated a “hold” rating and issued a $63.00 price objective on shares of VF in a research note on Thursday, September 21st. Stifel Nicolaus set a $78.00 target price on shares of VF and gave the stock a “hold” rating in a research note on Saturday, December 16th. Pivotal Research assumed coverage on shares of VF in a research note on Thursday, October 5th. They set a “buy” rating and a $75.00 target price for the company. Finally, Piper Jaffray Companies increased their target price on shares of VF to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. VF currently has a consensus rating of “Hold” and a consensus target price of $68.43.

VF (VFC) traded up $1.36 during midday trading on Friday, reaching $79.79. 2,519,739 shares of the company’s stock traded hands, compared to its average volume of 2,090,000. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.54. VF has a one year low of $48.05 and a one year high of $79.85. The firm has a market capitalization of $31,530.00, a P/E ratio of 33.11, a PEG ratio of 2.20 and a beta of 0.80.

In related news, VP Scott H. Baxter sold 39,694 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $71.50, for a total transaction of $2,838,121.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott A. Roe sold 18,952 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $70.48, for a total transaction of $1,335,736.96. Following the transaction, the chief financial officer now directly owns 114,013 shares of the company’s stock, valued at $8,035,636.24. The disclosure for this sale can be found here. Insiders have sold 254,660 shares of company stock valued at $18,035,832 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Carroll Financial Associates Inc. raised its holdings in VF by 368.3% during the fourth quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock worth $151,000 after purchasing an additional 1,613 shares in the last quarter. WASHINGTON TRUST Co purchased a new position in VF during the third quarter worth about $210,000. Dorsey & Whitney Trust CO LLC purchased a new position in VF during the third quarter worth about $215,000. Berkshire Asset Management LLC PA purchased a new position in VF during the fourth quarter worth about $274,000. Finally, RNC Capital Management LLC raised its holdings in 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 in the last quarter.

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About VF

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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