VF (NYSE:VFC) Updates FY21 Earnings Guidance

VF (NYSE:VFC) issued an update on its FY21 earnings guidance on Friday morning. The company provided EPS guidance of at least $1.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.13. The company issued revenue guidance of at least $9.0 billion, compared to the consensus revenue estimate of $8.87 billion.VF also updated its FY 2021
Pre-Market guidance to 1.20 EPS.

NYSE VFC opened at $77.74 on Friday. The company has a quick ratio of 2.83, a current ratio of 3.65 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $30.29 billion, a P/E ratio of 94.81, a P/E/G ratio of 5.49 and a beta of 1.20. VF has a 12-month low of $45.07 and a 12-month high of $100.25. The firm has a 50-day moving average price of $71.27 and a two-hundred day moving average price of $62.21.

VF (NYSE:VFC) last issued its earnings results on Friday, October 16th. The textile maker reported $0.67 EPS for the quarter, beating the consensus estimate of $0.47 by $0.20. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.54 billion. VF had a net margin of 3.46% and a return on equity of 21.07%. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 EPS. Equities analysts expect that VF will post 1.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Thursday, December 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.52%. This is a boost from VF’s previous quarterly dividend of $0.48. VF’s dividend payout ratio is currently 71.64%.

A number of equities analysts recently issued reports on VFC shares. Telsey Advisory Group upped their price objective on shares of VF from $72.00 to $90.00 and gave the stock an outperform rating in a research report on Friday, October 9th. TheStreet raised shares of VF from a d+ rating to a c rating in a report on Tuesday, September 15th. Royal Bank of Canada boosted their target price on shares of VF from $60.00 to $66.00 and gave the stock an outperform rating in a report on Monday, August 3rd. JPMorgan Chase & Co. boosted their target price on shares of VF from $71.00 to $74.00 and gave the stock an overweight rating in a report on Friday, August 14th. Finally, BTIG Research raised shares of VF from a neutral rating to a buy rating and set a $88.00 target price on the stock in a report on Tuesday, September 15th. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. VF currently 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 on Wednesday, September 2nd. The shares were sold at an average price of $67.08, for a total transaction of $637,327.08. Following the transaction, the director now directly owns 27,272 shares of the company’s stock, valued at $1,829,405.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

VF Company Profile

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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Earnings History and Estimates for VF (NYSE:VFC)

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