V.F. (NYSE:VFC) Issues FY 2023 Earnings Guidance

V.F. (NYSE:VFCGet Rating) updated its FY 2023 earnings guidance on Thursday. The company provided EPS guidance of $3.30-$3.40 for the period. The company issued revenue guidance of $12.67B-.

A number of research firms have recently weighed in on VFC. Telsey Advisory Group reaffirmed an outperform rating on shares of V.F. in a research note on Tuesday. UBS Group dropped their price target on V.F. from $65.00 to $55.00 in a research note on Friday, May 13th. Robert W. Baird decreased their price objective on V.F. from $95.00 to $80.00 and set an outperform rating on the stock in a research report on Monday, January 31st. The Goldman Sachs Group decreased their price objective on V.F. from $71.00 to $68.00 in a research report on Thursday, January 20th. Finally, JPMorgan Chase & Co. downgraded V.F. from an overweight rating to a neutral rating and decreased their price objective for the company from $80.00 to $64.00 in a research report on Monday, January 31st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of $72.50.

Shares of VFC traded down $1.36 during mid-day trading on Thursday, hitting $44.61. 5,981,642 shares of the company’s stock were exchanged, compared to its average volume of 3,375,776. The firm has a fifty day moving average of $53.95 and a two-hundred day moving average of $63.55. V.F. has a twelve month low of $44.17 and a twelve month high of $85.36. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 0.46 and a beta of 1.42. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 1.27.

A number of large investors have recently bought and sold shares of the stock. Quantamental Technologies LLC bought a new stake in V.F. in the 1st quarter valued at $375,000. Prudential PLC bought a new stake in V.F. in the 1st quarter valued at $324,000. Wimmer Associates 1 LLC boosted its holdings in V.F. by 17.9% in the 1st quarter. Wimmer Associates 1 LLC now owns 5,315 shares of the textile maker’s stock valued at $302,000 after purchasing an additional 806 shares during the period. Eudaimonia Partners LLC bought a new stake in V.F. in the 1st quarter valued at $274,000. Finally, Madison Asset Management LLC bought a new stake in V.F. in the 4th quarter valued at $270,000. Institutional investors and hedge funds own 88.25% of the company’s stock.

About V.F. (Get Rating)

V.F. Corporation, together with its subsidiaries, 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 three segments: Outdoor, Active, and Work.

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

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