V.F. (NYSE:VFC) Posts Quarterly Earnings Results, Misses Expectations By $0.34 EPS

V.F. (NYSE:VFC) issued its earnings results on Wednesday. The textile maker reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34), Briefing.com reports. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. V.F.’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 earnings per share.

V.F. Trading Up 3.0 %

Shares of NYSE VFC opened at $12.34 on Friday. The firm has a 50-day moving average of $13.24 and a 200 day moving average of $15.62. V.F. has a 1 year low of $11.00 and a 1 year high of $21.17. The stock has a market cap of $4.80 billion, a P/E ratio of -4.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.70.

V.F. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors 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 annualized dividend and a yield of 2.92%. V.F.’s payout ratio is -14.40%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VFC shares. Robert W. Baird dropped their price target on V.F. from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday. Stifel Nicolaus cut their price target on shares of V.F. from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday. UBS Group dropped their target price on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. BNP Paribas reaffirmed a “neutral” rating and set a $14.00 target price (down previously from $18.00) on shares of V.F. in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.44.

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.