V.F. Co. (NYSE:VFC) to Post Q4 2024 Earnings of ($0.08) Per Share, Wedbush Forecasts

V.F. Co. (NYSE:VFC) – Investment analysts at Wedbush dropped their Q4 2024 earnings per share estimates for V.F. in a research note issued to investors on Tuesday, May 21st. Wedbush analyst T. Nikic now anticipates that the textile maker will earn ($0.08) per share for the quarter, down from their previous forecast of ($0.04). Wedbush has a “Neutral” rating and a $13.00 price objective on the stock. The consensus estimate for V.F.’s current full-year earnings is $1.31 per share. Wedbush also issued estimates for V.F.’s Q1 2025 earnings at ($0.23) EPS, Q2 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.04 EPS, FY2025 earnings at $1.15 EPS and FY2026 earnings at $1.46 EPS.

Several other analysts also recently weighed in on VFC. Telsey Advisory Group reiterated a “market perform” rating and issued a $13.00 price objective (down previously from $18.00) on shares of V.F. in a research report on Thursday. Wells Fargo & Company decreased their target price on V.F. from $14.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday. JPMorgan Chase & Co. decreased their target price on V.F. from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 8th. Robert W. Baird decreased their target price on V.F. from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday. Finally, TD Cowen decreased their target price on V.F. from $14.00 to $9.00 and set a “hold” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.44.

V.F. Stock Performance

Shares of VFC stock opened at $12.34 on Thursday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. V.F. has a fifty-two week low of $11.00 and a fifty-two week high of $21.17. The stock has a 50 day moving average price of $13.24 and a two-hundred day moving average price of $15.62. The company has a market capitalization of $4.80 billion, a P/E ratio of -4.93, a PEG ratio of 1.43 and a beta of 1.49.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.34). V.F. had a negative net margin of 9.27% and a positive return on equity of 12.18%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be paid a $0.09 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.92%. V.F.’s dividend payout ratio is currently -14.40%.

Institutional Investors Weigh In On V.F.

Institutional investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC grew its stake in shares of V.F. by 2,835.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of V.F. during the fourth quarter valued at $25,000. Mather Group LLC. purchased a new stake in shares of V.F. during the first quarter valued at $27,000. Future Financial Wealth Managment LLC purchased a new stake in shares of V.F. during the first quarter valued at $31,000. Finally, Allworth Financial LP boosted its position in shares of V.F. by 111.5% during the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after buying an additional 958 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

About V.F.

V.F. Corporation, together with its subsidiaries, engages in the design, 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.