VF Corp (NYSE:VFC) – Analysts at Piper Jaffray Companies lifted their FY2019 EPS estimates for VF in a research note issued to investors on Thursday, June 28th. Piper Jaffray Companies analyst E. Murphy now anticipates that the textile maker will post earnings per share of $3.55 for the year, up from their previous forecast of $3.52. Piper Jaffray Companies also issued estimates for VF’s Q1 2020 earnings at $0.40 EPS and FY2020 earnings at $4.00 EPS.
A number of other research analysts have also recently weighed in on VFC. UBS Group began coverage on shares of VF in a report on Thursday, June 21st. They issued a “neutral” rating and a $89.00 price objective for the company. Goldman Sachs Group began coverage on shares of VF in a report on Monday. They issued a “buy” rating and a $96.00 price objective for the company. TheStreet upgraded shares of VF from a “c+” rating to a “b+” rating in a report on Friday, May 4th. Robert W. Baird lifted their price objective on shares of VF to $88.00 and gave the company an “outperform” rating in a report on Monday, May 7th. Finally, DA Davidson reiterated a “hold” rating on shares of VF in a research note on Monday, May 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. VF has an average rating of “Hold” and a consensus price target of $81.23.
Shares of VF opened at $81.59 on Friday, MarketBeat reports. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $32.20 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. VF has a fifty-two week low of $55.51 and a fifty-two week high of $85.15.
VF (NYSE:VFC) last announced its quarterly earnings data on Friday, May 4th. The textile maker reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.91 billion. VF had a net margin of 5.24% and a return on equity of 34.05%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 18th. Stockholders of record on Friday, June 8th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, June 7th. This represents a $1.84 annualized dividend and a dividend yield of 2.26%. VF’s dividend payout ratio is presently 61.74%.
In other news, VP Kevin Bailey sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $77.42, for a total transaction of $1,161,300.00. Following the completion of the sale, the vice president now owns 54,571 shares in the company, valued at approximately $4,224,886.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott A. Roe sold 20,096 shares of the business’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $79.78, for a total transaction of $1,603,258.88. Following the sale, the chief financial officer now owns 125,190 shares of the company’s stock, valued at approximately $9,987,658.20. The disclosure for this sale can be found here. Insiders have sold a total of 220,900 shares of company stock valued at $17,948,688 in the last 90 days. Insiders own 1.72% of the company’s stock.
Large investors have recently modified their holdings of the company. Private Capital Group LLC lifted its position in shares of VF by 5,303.7% during the 1st quarter. Private Capital Group LLC now owns 1,459 shares of the textile maker’s stock worth $108,000 after buying an additional 1,432 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in VF by 179.8% in the 1st quarter. Moneta Group Investment Advisors LLC now owns 1,480 shares of the textile maker’s stock valued at $110,000 after purchasing an additional 951 shares during the last quarter. Focused Wealth Management Inc raised its position in VF by 437.5% in the 1st quarter. Focused Wealth Management Inc now owns 2,150 shares of the textile maker’s stock valued at $159,000 after purchasing an additional 1,750 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in VF in the 1st quarter valued at $192,000. Finally, Weik Capital Management purchased a new stake in VF in the 1st quarter valued at $200,000.
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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