V.F. Co. (NYSE:VFC) Expected to Announce Quarterly Sales of $2.51 Billion


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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.

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on V.F. from $88.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, January 7th. Cowen boosted their target price on shares of V.F. from $91.00 to $99.00 and gave the stock an “outperform” rating in a research report on Monday, January 25th. They noted that the move was a valuation call. Barclays increased their price target on shares of V.F. from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, November 10th. OTR Global upgraded shares of V.F. to a “positive” rating in a report on Monday, January 11th. Finally, Robert W. Baird increased their target price on shares of V.F. from $85.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, November 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $88.18.

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%.

About V.F.

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

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