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

Wall Street brokerages expect VF Corp (NYSE:VFC) to announce $3.66 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for VF’s earnings, with estimates ranging from $3.65 billion to $3.70 billion. VF posted sales of $3.32 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 10.2%. The company is expected to issue 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 financial year, with estimates ranging from $12.10 billion to $12.15 billion. For the next year, analysts expect 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 an average based on a survey of research analysts that that provide coverage for VF.

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

A number of analysts recently issued reports on the stock. Cowen set a $67.00 price target on shares of VF and gave the stock a “hold” rating in a report on Tuesday, October 17th. Guggenheim reissued a “buy” rating and set a $84.00 price target on shares of VF in a report on Wednesday, January 10th. Robert W. Baird reissued a “buy” rating on shares of VF in a report on Tuesday, October 17th. Susquehanna Bancshares reissued a “buy” rating and set a $75.00 price target on shares of VF in a report on Monday, October 16th. Finally, Piper Jaffray Companies increased their price target on shares of VF to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $68.43.

Shares of VF (NYSE VFC) opened at $79.79 on Friday. VF has a twelve month low of $48.05 and a twelve month high of $79.85. The company has a market cap of $30,991.54, a price-to-earnings ratio of 33.67, a PEG ratio of 2.21 and a beta of 0.79. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.54.

In other news, VP Scott H. Baxter sold 89,822 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $71.14, for a total value of $6,389,937.08. Following the completion of the sale, the vice president now directly owns 127,844 shares in the company, valued at $9,094,822.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Aidan O’meara sold 5,000 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $69.97, for a total transaction of $349,850.00. Following the completion of the sale, the vice president now owns 96,344 shares of the company’s stock, valued at $6,741,189.68. 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 90 days. 1.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Carroll Financial Associates Inc. raised its position in shares of VF by 368.3% in the fourth quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock valued at $151,000 after buying an additional 1,613 shares during the last quarter. WASHINGTON TRUST Co acquired a new stake in shares of VF in the third quarter valued at about $210,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of VF in the third quarter valued at about $215,000. Berkshire Asset Management LLC PA acquired a new stake in shares of VF in the fourth quarter valued at about $274,000. Finally, RNC Capital Management LLC raised its position in shares of VF by 1.5% in the second quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock valued at $238,000 after buying an additional 60 shares during the last quarter.

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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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