Brokerages Anticipate V.F. Co. (NYSE:VFC) to Post $0.46 Earnings Per Share

Brokerages predict that V.F. Co. (NYSE:VFCGet Rating) will announce earnings per share (EPS) of $0.46 for the current quarter, Zacks reports. Seven analysts have made estimates for V.F.’s earnings, with estimates ranging from $0.42 to $0.48. V.F. reported earnings per share of $0.27 in the same quarter last year, which suggests a positive year-over-year growth rate of 70.4%. The firm is expected to announce its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that V.F. will report full year earnings of $3.20 per share for the current fiscal year, with EPS estimates ranging from $3.16 to $3.21. For the next year, analysts anticipate that the business will post earnings of $3.58 per share, with EPS estimates ranging from $3.40 to $3.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover V.F..

Several equities analysts have weighed in on VFC shares. Robert W. Baird dropped their price objective on V.F. from $95.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, January 31st. Deutsche Bank Aktiengesellschaft decreased their price target on V.F. from $94.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, January 31st. Citigroup decreased their price target on V.F. from $71.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, January 31st. The Goldman Sachs Group decreased their price target on V.F. from $71.00 to $68.00 in a research note on Thursday, January 20th. Finally, UBS Group decreased their price target on V.F. from $65.00 to $55.00 in a research note on Friday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $76.42.

Several large investors have recently made changes to their positions in the company. Centaurus Financial Inc. lifted its stake in shares of V.F. by 17.3% in the 1st quarter. Centaurus Financial Inc. now owns 4,751 shares of the textile maker’s stock valued at $270,000 after purchasing an additional 700 shares during the period. Renaissance Technologies LLC acquired a new position in V.F. during the 1st quarter worth approximately $83,806,000. Charles Schwab Investment Management Inc. raised its stake in V.F. by 6.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,490,021 shares of the textile maker’s stock worth $369,023,000 after buying an additional 386,948 shares during the period. Edgestream Partners L.P. raised its stake in V.F. by 102.2% during the 1st quarter. Edgestream Partners L.P. now owns 73,664 shares of the textile maker’s stock worth $4,189,000 after buying an additional 37,239 shares during the period. Finally, Mariner LLC raised its stake in V.F. by 4.8% during the 1st quarter. Mariner LLC now owns 91,142 shares of the textile maker’s stock worth $5,183,000 after buying an additional 4,173 shares during the period. 88.25% of the stock is currently owned by institutional investors.

NYSE:VFC traded up $0.34 during mid-day trading on Friday, hitting $47.59. 2,857,281 shares of the stock were exchanged, compared to its average volume of 3,065,367. The stock has a market capitalization of $18.51 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 0.44 and a beta of 1.42. The firm’s 50-day simple moving average is $54.30 and its 200 day simple moving average is $64.08. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.03 and a current ratio of 1.43. V.F. has a fifty-two week low of $45.13 and a fifty-two week high of $87.36.

V.F. Company Profile (Get Rating)

V.F. Corporation, together with its subsidiaries, 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 three segments: Outdoor, Active, and Work.

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Earnings History and Estimates for V.F. (NYSE:VFC)

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