VF (NYSE:VFC) Updates FY 2021 Pre-Market Earnings Guidance

VF (NYSE:VFC) issued an update on its FY 2021
Pre-Market earnings guidance on Friday morning. The company provided earnings per share guidance of 1.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.12. The company issued revenue guidance of $9 billion, compared to the consensus revenue estimate of $8.83 billion.

Shares of VFC stock opened at $77.74 on Friday. The company has a market capitalization of $30.29 billion, a PE ratio of 94.81, a price-to-earnings-growth ratio of 5.49 and a beta of 1.20. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.83 and a current ratio of 3.65. The business’s fifty day moving average is $71.27 and its 200 day moving average is $62.21. VF has a 52-week low of $45.07 and a 52-week high of $100.25.

VF (NYSE:VFC) last announced its earnings results on Friday, July 31st. The textile maker reported ($0.57) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.11. VF had a net margin of 3.46% and a return on equity of 21.07%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $975.49 million. During the same period last year, the firm posted $0.30 earnings per share. VF’s quarterly revenue was down 47.5% on a year-over-year basis. On average, sell-side analysts forecast that VF will post 1.09 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Thursday, September 10th were given a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $1.92 annualized dividend and a yield of 2.47%. VF’s dividend payout ratio (DPR) is presently 71.64%.

VFC has been the subject of several research analyst reports. Telsey Advisory Group lifted their price target on VF from $72.00 to $90.00 and gave the stock an outperform rating in a research note on Friday, October 9th. TheStreet raised VF from a d+ rating to a c rating in a research note on Tuesday, September 15th. JPMorgan Chase & Co. lifted their price target on shares of VF from $71.00 to $74.00 and gave the stock an overweight rating in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft increased their target price on shares of VF from $53.00 to $66.00 and gave the company a hold rating in a report on Monday. They noted that the move was a valuation call. Finally, Cowen boosted their price target on shares of VF from $64.00 to $81.00 and gave the stock an outperform rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. VF has a consensus rating of Buy and an average price target of $74.37.

In related news, Director W Alan Mccollough sold 9,501 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $67.08, for a total value of $637,327.08. Following the completion of the transaction, the director now directly owns 27,272 shares in the company, valued at approximately $1,829,405.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is owned by company insiders.

About VF

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.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

Earnings History and Estimates for VF (NYSE:VFC)

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