Wall Street brokerages forecast that VF Corp (NYSE:VFC) will report sales of $2.22 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued 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 reported sales of $2.79 billion in the same quarter last year, which would suggest a negative year over year growth rate of 20.4%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that VF will report full-year sales of $11.81 billion for the current fiscal year, with estimates ranging from $11.75 billion to $11.84 billion. For the next fiscal year, analysts expect that the firm will report sales of $12.58 billion, with estimates ranging from $12.52 billion to $12.65 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for VF.
VF (NYSE:VFC) last released its quarterly earnings data on Wednesday, May 22nd. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. VF had a return on equity of 36.62% and a net margin of 9.10%. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year.
VFC has been the subject of a number of analyst reports. Guggenheim reiterated a “buy” rating and set a $95.00 price target (up previously from $90.00) on shares of VF in a research report on Thursday, May 23rd. Wedbush boosted their price target on VF from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Canaccord Genuity set a $105.00 price target on VF and gave the stock a “buy” rating in a research report on Thursday, May 23rd. UBS Group boosted their price target on VF from $84.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Finally, Pivotal Research reiterated a “hold” rating and set a $88.00 price target (up previously from $85.00) on shares of VF in a research report on Thursday, May 23rd. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. VF presently has an average rating of “Buy” and an average price target of $93.70.
NYSE:VFC opened at $87.81 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.76 and a debt-to-equity ratio of 0.49. VF has a 12-month low of $67.18 and a 12-month high of $97.00. The firm’s 50 day moving average is $86.42. The firm has a market cap of $34.87 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 2.69 and a beta of 1.15.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 10th were issued a $0.51 dividend. This is a positive change from VF’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, June 7th. This represents a $2.04 annualized dividend and a dividend yield of 2.32%. VF’s dividend payout ratio is 53.97%.
Several institutional investors have recently made changes to their positions in VFC. Paragon Capital Management LLC acquired a new stake in shares of VF in the first quarter valued at $41,000. Prime Capital Investment Advisors LLC raised its position in shares of VF by 73.8% during the first quarter. Prime Capital Investment Advisors LLC now owns 478 shares of the textile maker’s stock worth $42,000 after purchasing an additional 203 shares during the period. Meridian Wealth Management LLC acquired a new stake in shares of VF during the first quarter worth $53,000. Zions Bancorporation N.A. acquired a new stake in shares of VF during the first quarter worth $57,000. Finally, Cornerstone Advisors Inc. raised its position in VF by 28.6% during the first quarter. Cornerstone Advisors Inc. now owns 988 shares of the textile maker’s stock valued at $86,000 after buying an additional 220 shares during the period.
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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