VF (NYSE:VFC) updated its FY 2019 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $3.65-3.65 for the period, compared to the Thomson Reuters consensus estimate of $3.65. The company issued revenue guidance of $13.7-13.7 billion, compared to the consensus revenue estimate of $13.71 billion.VF also updated its FY19 guidance to $3.65 EPS.
A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed a buy rating and set a $105.00 price target on shares of VF in a report on Thursday, July 26th. Stifel Nicolaus lifted their price target on VF from $100.00 to $105.00 and gave the stock a buy rating in a report on Monday, July 23rd. Piper Jaffray Companies reaffirmed a buy rating and set a $103.00 price target on shares of VF in a report on Monday, July 23rd. Canaccord Genuity set a $108.00 target price on VF and gave the company a buy rating in a report on Monday, July 23rd. Finally, Telsey Advisory Group boosted their target price on VF from $86.00 to $107.00 and gave the company an outperform rating in a report on Monday, July 23rd. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $95.00.
VF stock opened at $77.76 on Friday. VF has a fifty-two week low of $65.73 and a fifty-two week high of $97.00. The company has a quick ratio of 0.78, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $34.53 billion, a PE ratio of 26.09, a PEG ratio of 2.26 and a beta of 0.96.
VF (NYSE:VFC) last issued its quarterly earnings results on Friday, October 19th. The textile maker reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.10. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.87 billion. VF had a return on equity of 35.37% and a net margin of 5.46%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 EPS. On average, equities research analysts expect that VF will post 3.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 10th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.62%. This is a boost from VF’s previous quarterly dividend of $0.46. VF’s payout ratio is 61.74%.
In related news, insider Laura C. Meagher sold 69,357 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $93.05, for a total value of $6,453,668.85. Following the transaction, the insider now owns 36,369 shares in the company, valued at approximately $3,384,135.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bryan H. Mcneill sold 25,232 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $92.45, for a total value of $2,332,698.40. Following the completion of the transaction, the vice president now owns 5,122 shares in the company, valued at approximately $473,528.90. The disclosure for this sale can be found here. Insiders sold a total of 128,533 shares of company stock worth $11,932,040 in the last 90 days. 1.72% of the stock is currently owned by insiders.
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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