V.F. Corporation (NYSE:VFC) – Research analysts at Forward View cut their Q4 2017 earnings estimates for V.F. Corporation in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Forward View analyst N. Yates now anticipates that the textile maker will post earnings of $1.00 per share for the quarter, down from their prior estimate of $1.09. Forward View currently has a “Hold” rating on the stock. Forward View also issued estimates for V.F. Corporation’s Q1 2018 earnings at $0.58 EPS, Q3 2018 earnings at $1.23 EPS, Q4 2018 earnings at $1.10 EPS and FY2018 earnings at $3.25 EPS.
VFC has been the subject of several other research reports. DA Davidson boosted their price target on shares of V.F. Corporation to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, October 24th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $75.00 price target (up previously from $70.00) on shares of V.F. Corporation in a report on Tuesday, August 15th. Cowen and Company reiterated a “hold” rating and set a $63.00 price target on shares of V.F. Corporation in a report on Thursday, September 21st. Stifel Nicolaus reiterated a “hold” rating and set a $60.00 price target (up previously from $57.00) on shares of V.F. Corporation in a report on Monday, August 14th. Finally, Canaccord Genuity set a $53.00 price target on shares of V.F. Corporation and gave the stock a “hold” rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. V.F. Corporation has an average rating of “Hold” and an average target price of $65.45.
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V.F. Corporation (VFC) traded up $0.27 during midday trading on Friday, reaching $69.63. 1,628,100 shares of the company’s stock traded hands, compared to its average volume of 3,121,991. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.54. V.F. Corporation has a 12 month low of $48.05 and a 12 month high of $71.95. The firm has a market cap of $27,407.54, a PE ratio of 22.82, a PEG ratio of 2.35 and a beta of 0.79.
V.F. Corporation (NYSE:VFC) last posted its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, topping the consensus estimate of $1.12 by $0.11. V.F. Corporation had a net margin of 8.24% and a return on equity of 29.22%. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The firm’s revenue was up 5.4% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, December 8th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.84 dividend on an annualized basis and a yield of 2.64%. This is an increase from V.F. Corporation’s previous quarterly dividend of $0.42. V.F. Corporation’s dividend payout ratio is presently 70.89%.
In other V.F. Corporation news, CEO Steven E. Rendle sold 65,604 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $70.57, for a total transaction of $4,629,674.28. Following the completion of the transaction, the chief executive officer now owns 162,235 shares in the company, valued at approximately $11,448,923.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Laura C. Meagher sold 14,036 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $70.57, for a total transaction of $990,520.52. Following the transaction, the insider now owns 48,178 shares of the company’s stock, valued at approximately $3,399,921.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 564,296 shares of company stock valued at $36,475,990. 1.60% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the company. State Street Corp grew its stake in shares of V.F. Corporation by 1.4% during the 1st quarter. State Street Corp now owns 20,946,013 shares of the textile maker’s stock worth $1,151,388,000 after purchasing an additional 295,004 shares during the period. BlackRock Inc. grew its stake in V.F. Corporation by 1,744.1% in the 1st quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock valued at $1,070,143,000 after acquiring an additional 18,412,097 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in V.F. Corporation by 2.2% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,584,032 shares of the textile maker’s stock valued at $206,440,000 after acquiring an additional 76,486 shares during the last quarter. Geode Capital Management LLC grew its stake in V.F. Corporation by 8.3% in the 1st quarter. Geode Capital Management LLC now owns 3,269,840 shares of the textile maker’s stock valued at $179,485,000 after acquiring an additional 251,984 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in V.F. Corporation by 5.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,549,108 shares of the textile maker’s stock valued at $85,154,000 after acquiring an additional 78,451 shares during the last quarter.
About V.F. Corporation
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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