Analysts Offer Predictions for VF Corp’s Q1 2019 Earnings (VFC)

VF Corp (NYSE:VFC) – Analysts at DA Davidson issued their Q1 2019 earnings per share (EPS) estimates for VF in a research report issued on Friday. DA Davidson analyst A. Burns anticipates that the textile maker will post earnings of $0.74 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $72.00 target price on the stock.

VF (NYSE:VFC) last announced its earnings results on Monday, October 23rd. The textile maker reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.40 billion. VF had a net margin of 8.24% and a return on equity of 29.22%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS.

VFC has been the subject of a number of other research reports. Guggenheim reiterated a “buy” rating and issued a $84.00 price target on shares of VF in a research note on Wednesday, January 10th. Robert W. Baird reiterated a “buy” rating on shares of VF in a research note on Tuesday, October 17th. KeyCorp reiterated a “hold” rating on shares of VF in a research note on Tuesday, October 31st. Cowen set a $67.00 price target on VF and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Finally, UBS Group reiterated a “buy” rating and issued a $77.00 price target (up previously from $66.00) on shares of VF in a research note on Tuesday, October 24th. Two 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 company. VF presently has an average rating of “Hold” and an average target price of $68.43.

VF (NYSE VFC) traded up $1.36 during trading hours on Monday, hitting $79.79. The stock had a trading volume of 2,524,900 shares, compared to its average volume of 2,264,408. VF has a 52-week low of $48.05 and a 52-week high of $79.85. 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 stock has a market cap of $31,530.00, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.25 and a beta of 0.80.

A number of hedge funds and other institutional investors have recently made changes to their positions in VFC. Migdal Insurance & Financial Holdings Ltd. lifted its stake in VF by 44.2% in 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 last quarter. Carroll Financial Associates Inc. boosted its stake in 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 acquiring an additional 1,613 shares in the last quarter. WASHINGTON TRUST Co acquired a new stake in VF in the third quarter valued at approximately $210,000. Dorsey & Whitney Trust CO LLC acquired a new stake in VF in the third quarter valued at approximately $215,000. Finally, RNC Capital Management LLC boosted its stake in 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 acquiring an additional 60 shares in the last quarter.

In other VF news, VP Scott H. Baxter sold 39,694 shares of the firm’s stock in a transaction dated 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 completion of the sale, the vice president now owns 112,202 shares of the company’s stock, valued at $8,022,443. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott A. Roe sold 18,952 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 114,013 shares of the company’s stock, valued at approximately $8,035,636.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,660 shares of company stock valued at $18,035,832. 1.60% of the stock is owned by insiders.

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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.

Earnings History and Estimates for VF (NYSE:VFC)

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