Wall Street analysts forecast that VF Corp (NYSE:VFC) will post sales of $2.22 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for VF’s earnings, with the lowest sales estimate coming in at $2.17 billion and the highest estimate coming in at $2.27 billion. VF posted sales of $2.79 billion during the same quarter last year, which suggests a negative year over year growth rate of 20.4%. The firm is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that VF will report full-year sales of $11.81 billion for the current year, with estimates ranging from $11.75 billion to $11.84 billion. For the next financial year, analysts anticipate that the firm will post sales of $12.58 billion, with estimates ranging from $12.52 billion to $12.65 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for VF.
VF (NYSE:VFC) last issued its earnings results on Wednesday, May 22nd. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. VF had a net margin of 9.10% and a return on equity of 36.62%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the business posted $0.67 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis.
A number of analysts have weighed in on the stock. Goldman Sachs Group initiated coverage on shares of VF in a research report on Friday, May 17th. They issued a “buy” rating and a $97.00 target price on the stock. Wedbush reiterated an “outperform” rating and set a $98.00 price target on shares of VF in a report on Thursday, May 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $104.00 price target (up previously from $96.00) on shares of VF in a report on Thursday, May 23rd. Pivotal Research reiterated a “hold” rating and set a $88.00 price target (up previously from $85.00) on shares of VF in a report on Thursday, May 23rd. Finally, UBS Group lifted their price target on shares of VF from $84.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. VF has an average rating of “Buy” and an average price target of $93.70.
A number of hedge funds and other institutional investors have recently made changes to their positions in VFC. Doyle Wealth Management bought a new position in VF during the fourth quarter worth $26,000. Destination Wealth Management raised its stake in VF by 365.2% during the fourth quarter. Destination Wealth Management now owns 428 shares of the textile maker’s stock worth $31,000 after buying an additional 336 shares during the last quarter. Bruderman Asset Management LLC bought a new position in VF during the fourth quarter worth $37,000. Lindbrook Capital LLC bought a new position in VF during the fourth quarter worth $39,000. Finally, Paragon Capital Management LLC bought a new position in VF during the first quarter worth $41,000.
VF stock traded down $0.19 during mid-day trading on Tuesday, reaching $86.64. The company had a trading volume of 19,346 shares, compared to its average volume of 1,997,343. VF has a fifty-two week low of $67.18 and a fifty-two week high of $97.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.76 and a quick ratio of 1.03. The firm has a market capitalization of $34.41 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.59 and a beta of 1.16.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, June 7th. This is an increase from VF’s previous quarterly dividend of $0.48. VF’s dividend payout ratio (DPR) is currently 53.97%.
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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