Wall Street analysts forecast that VF Corp (NYSE:VFC) will announce $2.90 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for VF’s earnings. The highest sales estimate is $2.92 billion and the lowest is $2.89 billion. VF posted sales of $2.58 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 12.4%. The business is scheduled to issue its next quarterly earnings report on Friday, April 27th.
On average, analysts expect that VF will report full-year sales of $2.90 billion for the current fiscal year, with estimates ranging from $13.05 billion to $13.24 billion. For the next financial year, analysts anticipate that the company will report sales of $13.61 billion per share, with estimates ranging from $13.28 billion to $13.87 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 issued its quarterly earnings results on Friday, February 16th. The textile maker reported $1.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.01). VF had a return on equity of 31.49% and a net margin of 5.08%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis.
Several institutional investors and hedge funds have recently made changes to their positions in VFC. Canada Pension Plan Investment Board increased its holdings in VF by 196.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 118,090 shares of the textile maker’s stock valued at $7,507,000 after acquiring an additional 78,297 shares in the last quarter. HL Financial Services LLC increased its holdings in VF by 12.4% during the 3rd quarter. HL Financial Services LLC now owns 12,730 shares of the textile maker’s stock valued at $809,000 after acquiring an additional 1,409 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in VF by 44.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock valued at $111,000 after acquiring an additional 3,372 shares in the last quarter. New York State Common Retirement Fund increased its holdings in VF by 2.4% during the 3rd quarter. New York State Common Retirement Fund now owns 934,700 shares of the textile maker’s stock valued at $59,419,000 after acquiring an additional 22,300 shares in the last quarter. Finally, NBT Bank N A NY increased its holdings in VF by 48.4% during the 3rd quarter. NBT Bank N A NY now owns 5,297 shares of the textile maker’s stock valued at $336,000 after acquiring an additional 1,728 shares in the last quarter. Institutional investors and hedge funds own 85.49% of the company’s stock.
Shares of VF (NYSE VFC) opened at $73.21 on Tuesday. VF has a 52 week low of $51.22 and a 52 week high of $84.38. The company has a market cap of $29,040.00, a price-to-earnings ratio of 40.90, a PEG ratio of 2.11 and a beta of 0.96. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.59.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.51%. VF’s dividend payout ratio is presently 102.79%.
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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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