Equities analysts forecast that VF Corp (NYSE:VFC) will report earnings of $0.65 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for VF’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.67. VF posted earnings per share of $0.55 during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.2%. The company is expected to issue its next earnings results on Friday, April 27th.
On average, analysts expect that VF will report full year earnings of $3.46 per share for the current fiscal year, with EPS estimates ranging from $3.34 to $3.56. For the next year, analysts anticipate that the business will report earnings of $3.79 per share, with EPS estimates ranging from $3.49 to $4.14. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for VF.
VF (NYSE:VFC) last issued its quarterly earnings data on Friday, February 16th. The textile maker reported $1.01 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $3.67 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The company’s revenue was up 20.1% on a year-over-year basis.
Several equities research analysts have issued reports on the stock. Susquehanna Bancshares reiterated a “buy” rating and issued a $95.00 price target on shares of VF in a research note on Monday, January 29th. Pivotal Research set a $95.00 price target on shares of VF and gave the company a “buy” rating in a research note on Wednesday, February 14th. Canaccord Genuity reiterated a “buy” rating and issued a $90.00 price target (up from $81.00) on shares of VF in a research note on Monday, January 29th. Barclays assumed coverage on shares of VF in a research note on Friday, February 2nd. They issued an “overweight” rating and a $96.00 price target on the stock. Finally, Piper Jaffray Companies upgraded shares of VF from a “neutral” rating to an “overweight” rating and set a $56.00 price target on the stock in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $75.10.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Belpointe Asset Management LLC grew its position in shares of VF by 9.3% in the 4th quarter. Belpointe Asset Management LLC now owns 7,460 shares of the textile maker’s stock valued at $552,000 after acquiring an additional 635 shares during the period. Morse Asset Management Inc grew its position in shares of VF by 0.8% in the 4th quarter. Morse Asset Management Inc now owns 78,165 shares of the textile maker’s stock valued at $5,784,000 after acquiring an additional 650 shares during the period. Carnick & Kubik Group LLC grew its position in shares of VF by 3.0% in the 4th quarter. Carnick & Kubik Group LLC now owns 23,972 shares of the textile maker’s stock valued at $1,774,000 after acquiring an additional 688 shares during the period. Profund Advisors LLC grew its position in shares of VF by 9.4% in the 4th quarter. Profund Advisors LLC now owns 8,442 shares of the textile maker’s stock valued at $625,000 after acquiring an additional 723 shares during the period. Finally, Trust Co. of Vermont grew its position in shares of VF by 8.0% in the 3rd quarter. Trust Co. of Vermont now owns 10,030 shares of the textile maker’s stock valued at $637,000 after acquiring an additional 746 shares during the period. 85.22% of the stock is owned by institutional investors.
Shares of VF (NYSE VFC) opened at $75.75 on Thursday. VF has a twelve month low of $51.22 and a twelve month high of $84.38. The company has a current ratio of 1.60, a quick ratio of 0.98 and a debt-to-equity ratio of 0.59. The company has a market cap of $29,932.54, a price-to-earnings ratio of 24.59, a P/E/G ratio of 2.12 and a beta of 0.90.
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 given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, March 8th. VF’s dividend payout ratio (DPR) 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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