VF Corp (NYSE:VFC) – Investment analysts at KeyCorp reduced their Q3 2018 earnings estimates for VF in a note issued to investors on Monday. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings of $1.35 per share for the quarter, down from their prior forecast of $1.37. KeyCorp has a “Hold” rating on the stock.
VF (NYSE:VFC) last announced its quarterly earnings data on Friday, February 16th. The textile maker reported $1.01 EPS 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 company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The business’s quarterly revenue was up 20.1% compared to the same quarter last year.
A number of other equities analysts also recently commented on the company. TheStreet downgraded VF from a “b+” rating to a “c+” rating in a research report on Friday, February 16th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $78.00 target price (down previously from $82.00) on shares of VF in a research note on Tuesday. Barclays reissued a “buy” rating and set a $89.00 target price (down previously from $96.00) on shares of VF in a research note on Tuesday. DA Davidson set a $78.00 target price on VF and gave the stock a “hold” rating in a research note on Tuesday. Finally, Piper Jaffray Companies set a $89.00 target price on VF and gave the stock a “buy” rating in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $75.10.
VF (NYSE:VFC) opened at $75.75 on Thursday. VF has a 1 year low of $51.22 and a 1 year high of $84.38. The company has a market capitalization of $29,719.16, a P/E ratio of 24.42, a P/E/G ratio of 2.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.60.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Elkfork Partners LLC acquired a new stake in shares of VF in the fourth quarter valued at $589,000. KCM Investment Advisors LLC acquired a new stake in shares of VF in the fourth quarter valued at $227,000. Xact Kapitalforvaltning AB grew its stake in shares of VF by 6.7% in the fourth quarter. Xact Kapitalforvaltning AB now owns 62,611 shares of the textile maker’s stock valued at $4,633,000 after buying an additional 3,906 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of VF by 35.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 39,974 shares of the textile maker’s stock valued at $2,959,000 after buying an additional 10,542 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of VF by 7.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 175,898 shares of the textile maker’s stock valued at $13,016,000 after buying an additional 12,756 shares in the last quarter. 85.22% of the stock is owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be paid a $0.46 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.43%. VF’s payout ratio is presently 121.86%.
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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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