V.F. Co. (NYSE:VFC) Expected to Announce Quarterly Sales of $2.23 Billion

Analysts expect V.F. Co. (NYSE:VFC – Get Rating) to post $2.23 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for V.F.’s earnings. The highest sales estimate is $2.27 billion and the lowest is $2.20 billion. V.F. reported sales of $2.19 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that V.F. will report full-year sales of $12.42 billion for the current year, with estimates ranging from $12.29 billion to $12.56 billion. For the next financial year, analysts anticipate that the business will post sales of $13.28 billion, with estimates ranging from $13.09 billion to $13.47 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for V.F..

V.F. (NYSE:VFC – Get Rating) last posted its quarterly earnings results on Thursday, May 19th. The textile maker reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). V.F. had a return on equity of 35.47% and a net margin of 11.71%. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year.

A number of analysts recently commented on VFC shares. Piper Sandler reduced their price objective on V.F. from $89.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, January 31st. Barclays reduced their price objective on V.F. from $63.00 to $48.00 and set an “equal weight” rating for the company in a research report on Monday, May 23rd. JPMorgan Chase & Co. cut V.F. from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $80.00 to $64.00 in a research report on Monday, January 31st. Citigroup cut their price target on V.F. from $71.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, January 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on V.F. from $86.00 to $64.00 in a report on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.89.

In related news, Director W Rodney Mcmullen acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, May 25th. The shares were acquired at an average cost of $45.40 per share, for a total transaction of $136,200.00. Following the completion of the transaction, the director now directly owns 25,125 shares in the company, valued at approximately $1,140,675. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

A number of hedge funds have recently modified their holdings of VFC. Bank of Nova Scotia raised its position in V.F. by 10.7% during the third quarter. Bank of Nova Scotia now owns 53,178 shares of the textile maker’s stock valued at $3,563,000 after purchasing an additional 5,150 shares during the period. Credit Suisse AG raised its holdings in shares of V.F. by 10.5% in the third quarter. Credit Suisse AG now owns 621,893 shares of the textile maker’s stock worth $41,661,000 after buying an additional 59,241 shares during the period. Empirical Finance LLC raised its holdings in shares of V.F. by 6.0% in the third quarter. Empirical Finance LLC now owns 4,052 shares of the textile maker’s stock worth $271,000 after buying an additional 229 shares during the period. Hsbc Holdings PLC raised its holdings in shares of V.F. by 0.8% in the third quarter. Hsbc Holdings PLC now owns 374,223 shares of the textile maker’s stock worth $25,263,000 after buying an additional 2,789 shares during the period. Finally, Greenleaf Trust raised its holdings in shares of V.F. by 2.4% in the third quarter. Greenleaf Trust now owns 6,555 shares of the textile maker’s stock worth $439,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 88.25% of the company’s stock.

VFC stock opened at $50.18 on Monday. V.F. has a 1-year low of $44.17 and a 1-year high of $84.96. The business has a fifty day moving average price of $52.72 and a 200-day moving average price of $62.07. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.38 and a quick ratio of 0.96. The stock has a market capitalization of $19.52 billion, a P/E ratio of 14.22, a P/E/G ratio of 1.55 and a beta of 1.42.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 21st. Investors of record on Friday, June 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, June 9th. V.F.’s payout ratio is presently 56.66%.

V.F. Company Profile (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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