Analysts Anticipate V.F. Co. (NYSE:VFC) Will Announce Quarterly Sales of $2.09 Billion

Brokerages expect V.F. Co. (NYSE:VFC) to announce $2.09 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for V.F.’s earnings. The highest sales estimate is $2.20 billion and the lowest is $1.87 billion. V.F. posted sales of $1.08 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 93.5%. The business is expected to announce its next quarterly earnings results on Friday, July 30th.

According to Zacks, analysts expect that V.F. will report full year sales of $11.83 billion for the current fiscal year, with estimates ranging from $11.82 billion to $11.84 billion. For the next fiscal year, analysts forecast that the business will report sales of $12.79 billion, with estimates ranging from $12.38 billion to $13.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover V.F..

V.F. (NYSE:VFC) last issued its quarterly earnings data on Thursday, May 20th. The textile maker reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.02). V.F. had a return on equity of 16.85% and a net margin of 4.41%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm earned $0.10 EPS. The business’s revenue was up 22.8% on a year-over-year basis.

Several equities analysts recently weighed in on VFC shares. JPMorgan Chase & Co. lifted their target price on V.F. from $104.00 to $106.00 and gave the company an “overweight” rating in a research report on Monday, May 24th. Royal Bank of Canada lowered their target price on V.F. from $102.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, May 24th. Deutsche Bank Aktiengesellschaft lowered their target price on V.F. from $101.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, May 24th. Finally, Pivotal Research lifted their target price on V.F. from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, May 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $92.33.

In other news, Director Clarence Otis, Jr. sold 13,449 shares of V.F. stock in a transaction dated Wednesday, June 2nd. The stock was sold at an average price of $79.56, for a total value of $1,070,002.44. Insiders own 0.80% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its stake in V.F. by 18.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 32,283 shares of the textile maker’s stock worth $2,756,000 after acquiring an additional 4,936 shares during the last quarter. Dupont Capital Management Corp bought a new stake in V.F. during the fourth quarter worth approximately $400,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in V.F. by 6.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 79,107 shares of the textile maker’s stock worth $6,757,000 after acquiring an additional 4,444 shares during the last quarter. Fisher Asset Management LLC bought a new stake in V.F. during the fourth quarter worth approximately $220,000. Finally, Heritage Wealth Advisors bought a new stake in V.F. during the fourth quarter worth approximately $60,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

NYSE VFC traded up $0.09 on Friday, hitting $78.55. 3,216,744 shares of the company traded hands, compared to its average volume of 2,571,026. The firm has a market cap of $30.80 billion, a P/E ratio of 75.53, a price-to-earnings-growth ratio of 2.29 and a beta of 1.41. The company has a quick ratio of 1.68, a current ratio of 2.17 and a debt-to-equity ratio of 1.87. The business has a 50 day simple moving average of $83.85. V.F. has a 52-week low of $56.70 and a 52-week high of $90.79.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 21st. Stockholders of record on Thursday, June 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, June 9th. This represents a $1.96 annualized dividend and a dividend yield of 2.50%. V.F.’s dividend payout ratio (DPR) is 149.62%.

V.F. Company Profile

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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