Brokerages expect V.F. Co. (NYSE:VFC) to report sales of $2.51 billion for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for V.F.’s earnings. The lowest sales estimate is $2.50 billion and the highest is $2.54 billion. V.F. posted sales of $2.10 billion during the same quarter last year, which would indicate a positive year over year growth rate of 19.5%. The business is scheduled to issue its next earnings report on Friday, May 21st.
According to Zacks, analysts expect that V.F. will report full-year sales of $9.17 billion for the current financial year, with estimates ranging from $9.15 billion to $9.19 billion. For the next year, analysts anticipate that the firm will report sales of $11.41 billion, with estimates ranging from $11.23 billion to $11.75 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for V.F..
V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, January 27th. The textile maker reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.03. V.F. had a positive return on equity of 16.44% and a negative net margin of 0.52%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.98 billion. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business earned $1.23 EPS.
Large investors have recently bought and sold shares of the company. Martin Capital Partners LLC raised its position in V.F. by 0.3% in the 4th quarter. Martin Capital Partners LLC now owns 40,274 shares of the textile maker’s stock valued at $3,440,000 after purchasing an additional 123 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of V.F. by 33.1% in the fourth quarter. Lindbrook Capital LLC now owns 519 shares of the textile maker’s stock valued at $44,000 after buying an additional 129 shares during the last quarter. Prestige Wealth Management Group LLC lifted its position in V.F. by 14.6% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,030 shares of the textile maker’s stock worth $88,000 after buying an additional 131 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in V.F. by 1.0% during the 4th quarter. Glenmede Trust Co. NA now owns 13,367 shares of the textile maker’s stock worth $1,141,000 after acquiring an additional 135 shares during the last quarter. Finally, Eudaimonia Partners LLC increased its position in V.F. by 2.6% in the 3rd quarter. Eudaimonia Partners LLC now owns 5,558 shares of the textile maker’s stock valued at $390,000 after acquiring an additional 142 shares in the last quarter. Institutional investors own 87.74% of the company’s stock.
V.F. stock traded down $0.93 on Thursday, reaching $79.88. 55,385 shares of the stock were exchanged, compared to its average volume of 2,244,226. V.F. has a twelve month low of $45.07 and a twelve month high of $89.68. The company has a current ratio of 3.20, a quick ratio of 2.52 and a debt-to-equity ratio of 1.93. The stock has a market cap of $31.29 billion, a PE ratio of -614.62, a PEG ratio of 5.17 and a beta of 1.30. The firm has a fifty day moving average price of $82.51 and a two-hundred day moving average price of $77.18.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 22nd. Shareholders of record on Wednesday, March 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, March 9th. This represents a $1.96 dividend on an annualized basis and a yield of 2.45%. V.F.’s dividend payout ratio (DPR) is presently 73.13%.
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, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; and work and work-inspired lifestyle apparel and footwear.
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