Analysts expect that VF Corp (NYSE:VFC) will report earnings of $1.09 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for VF’s earnings, with the lowest EPS estimate coming in at $1.04 and the highest estimate coming in at $1.14. VF reported earnings per share of $1.01 in the same quarter last year, which indicates a positive year over year growth rate of 7.9%. The company is expected to announce its next earnings report on Friday, February 15th.
According to Zacks, analysts expect that VF will report full-year earnings of $3.72 per share for the current year, with EPS estimates ranging from $3.65 to $4.14. For the next fiscal year, analysts forecast that the firm will report earnings of $4.22 per share, with EPS estimates ranging from $4.00 to $4.75. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for VF.
VF (NYSE:VFC) last posted its quarterly earnings data on Friday, October 19th. The textile maker reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. VF had a net margin of 6.20% and a return on equity of 37.08%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter last year, the company posted $1.23 earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year.
VFC has been the subject of a number of research analyst reports. Canaccord Genuity restated a “buy” rating and set a $108.00 price objective on shares of VF in a report on Monday, August 13th. Guggenheim restated a “buy” rating and set a $105.00 price objective on shares of VF in a report on Monday, August 13th. Bank of America set a $105.00 price objective on shares of VF and gave the stock a “buy” rating in a report on Thursday, September 13th. Cowen upgraded shares of VF from a “market perform” rating to a “buy” rating and raised their price objective for the stock from $96.00 to $106.00 in a report on Friday, September 14th. Finally, Pivotal Research set a $90.00 price objective on shares of VF and gave the stock a “hold” rating in a report on Monday, October 15th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. VF presently has an average rating of “Buy” and an average price target of $95.17.
In other news, Director Richard Carucci acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, October 24th. The stock was bought at an average cost of $78.65 per share, for a total transaction of $393,250.00. Following the completion of the transaction, the director now owns 48,190 shares of the company’s stock, valued at $3,790,143.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.72% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in VFC. Charles Schwab Investment Advisory Inc. bought a new position in shares of VF in the second quarter valued at approximately $352,007,000. Waddell & Reed Financial Inc. boosted its position in shares of VF by 1,233.7% in the second quarter. Waddell & Reed Financial Inc. now owns 3,008,805 shares of the textile maker’s stock valued at $245,278,000 after acquiring an additional 2,783,208 shares during the period. BlackRock Inc. boosted its position in shares of VF by 9.6% in the second quarter. BlackRock Inc. now owns 24,770,077 shares of the textile maker’s stock valued at $2,019,258,000 after acquiring an additional 2,179,165 shares during the period. FMR LLC boosted its position in shares of VF by 58.2% in the third quarter. FMR LLC now owns 5,482,244 shares of the textile maker’s stock valued at $512,315,000 after acquiring an additional 2,016,128 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of VF by 89.6% in the second quarter. Janus Henderson Group PLC now owns 3,479,346 shares of the textile maker’s stock valued at $283,640,000 after acquiring an additional 1,644,062 shares during the period. Institutional investors own 83.61% of the company’s stock.
NYSE VFC traded down $3.95 during trading hours on Friday, reaching $76.00. 4,616,018 shares of the company were exchanged, compared to its average volume of 2,439,344. VF has a 1 year low of $71.94 and a 1 year high of $97.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.54. The company has a market capitalization of $31.88 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.93 and a beta of 0.98.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Monday, December 10th will be given a $0.51 dividend. This is a positive change from VF’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Friday, December 7th. VF’s dividend payout ratio (DPR) is 61.74%.
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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