VF (NYSE:VFC) posted its quarterly earnings data on Friday. The textile maker reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.01), Bloomberg Earnings reports. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.67 billion. VF had a net margin of 8.24% and a return on equity of 29.22%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. VF updated its Q1 guidance to $0.65 EPS.
Shares of VF (VFC) traded down $9.30 during trading on Friday, hitting $74.64. 10,014,954 shares of the stock were exchanged, compared to its average volume of 3,000,556. VF has a 12 month low of $50.15 and a 12 month high of $84.38. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47. The company has a market cap of $29,493.92, a P/E ratio of 49.43, a PEG ratio of 2.08 and a beta of 0.90.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.47%. VF’s dividend payout ratio (DPR) is presently 121.86%.
VFC has been the subject of a number of recent research reports. Cowen set a $69.00 price objective on shares of VF and gave the company a “hold” rating in a report on Monday, October 23rd. UBS Group reissued a “buy” rating and issued a $77.00 price objective (up previously from $66.00) on shares of VF in a report on Tuesday, October 24th. Pivotal Research set a $95.00 price objective on shares of VF and gave the company a “buy” rating in a report on Wednesday. DA Davidson boosted their price objective on shares of VF to $72.00 and gave the company a “neutral” rating in a report on Tuesday, October 24th. Finally, Robert W. Baird reissued an “average” rating and issued a $84.00 price objective on shares of VF in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $75.00.
In other news, VP Scott H. Baxter sold 39,694 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $71.50, for a total transaction of $2,838,121.00. Following the completion of the sale, the vice president now owns 112,202 shares of the company’s stock, valued at approximately $8,022,443. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.
Several institutional investors have recently modified their holdings of VFC. Migdal Insurance & Financial Holdings Ltd. increased its position in VF by 44.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock worth $111,000 after purchasing an additional 3,372 shares in the last quarter. Cerebellum GP LLC acquired a new position in VF during the 4th quarter worth approximately $131,000. Carroll Financial Associates Inc. increased its position in VF by 368.3% during the 4th quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock worth $151,000 after purchasing an additional 1,613 shares in the last quarter. Alps Advisors Inc. acquired a new position in VF during the 4th quarter worth approximately $205,000. Finally, Investment Partners Ltd. OH ADV acquired a new position in VF during the 4th quarter worth approximately $207,000.
VF Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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