VF (VFC) Releases Q1 Earnings Guidance
VF (NYSE:VFC) updated its first quarter earnings guidance on Friday. The company provided EPS guidance of $0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.63. The company issued revenue guidance of $2.90 billion, compared to the consensus revenue estimate of $2.95 billion.
Several brokerages have recently issued reports on VFC. DA Davidson upped their price objective on VF to $72.00 and gave the company a neutral rating in a research report on Tuesday, October 24th. Guggenheim restated a buy rating and issued a $84.00 price objective on shares of VF in a research report on Wednesday, January 10th. Piper Jaffray Companies upgraded VF from a neutral rating to an overweight rating and set a $56.00 price objective on the stock in a research report on Monday, February 5th. KeyCorp restated a hold rating on shares of VF in a research report on Tuesday, October 31st. Finally, Robert W. Baird restated an average rating and issued a $84.00 price objective on shares of VF in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $73.05.
VF (NYSE VFC) opened at $79.50 on Friday. The company has a market capitalization of $33,070.03, a PE ratio of 33.54, a PEG ratio of 2.33 and a beta of 0.90. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.54. VF has a twelve month low of $50.34 and a twelve month high of $84.38.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.31%. VF’s dividend payout ratio (DPR) is 77.64%.
In other news, VP Scott H. Baxter sold 39,694 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $71.50, for a total value of $2,838,121.00. Following the transaction, the vice president now directly owns 112,202 shares in the company, valued at approximately $8,022,443. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.
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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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