Telsey Advisory Group Equities Analysts Lower Earnings Estimates for V.F. Co. (NYSE:VFC)

V.F. Co. (NYSE:VFC – Get Rating) – Telsey Advisory Group cut their Q2 2024 earnings per share (EPS) estimates for shares of V.F. in a report issued on Wednesday, May 24th. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will post earnings of $0.73 per share for the quarter, down from their previous estimate of $0.82. Telsey Advisory Group has a “Outperform” rating and a $36.00 price target on the stock. The consensus estimate for V.F.’s current full-year earnings is $2.11 per share. Telsey Advisory Group also issued estimates for V.F.’s Q3 2024 earnings at $1.20 EPS, Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $2.15 EPS and FY2025 earnings at $2.50 EPS.

Other research analysts have also recently issued reports about the company. Bank of America lowered their target price on V.F. from $20.00 to $18.00 in a report on Wednesday. Williams Trading upgraded V.F. from a “sell” rating to a “buy” rating in a report on Monday, March 20th. BTIG Research reiterated a “neutral” rating on shares of V.F. in a report on Tuesday, February 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on V.F. from $33.00 to $26.00 in a report on Wednesday. Finally, 888 reiterated a “maintains” rating on shares of V.F. in a report on Monday, May 22nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, V.F. has a consensus rating of “Hold” and an average price target of $28.42.

V.F. Trading Up 3.4 %

Shares of V.F. stock opened at $18.05 on Thursday. The stock has a market cap of $7.02 billion, a P/E ratio of 58.23, a P/E/G ratio of 2.74 and a beta of 1.44. The stock’s 50 day simple moving average is $21.47 and its 200-day simple moving average is $25.95. V.F. has a 1-year low of $17.43 and a 1-year high of $51.40. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.45 and a quick ratio of 0.58.

V.F. (NYSE:VFC – Get Rating) last issued its earnings results on Tuesday, May 23rd. The textile maker reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. V.F. had a return on equity of 25.78% and a net margin of 1.02%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS.

Institutional Investors Weigh In On V.F.

A number of institutional investors and hedge funds have recently bought and sold shares of VFC. American Century Companies Inc. increased its holdings in shares of V.F. by 65.3% in the first quarter. American Century Companies Inc. now owns 31,193 shares of the textile maker’s stock valued at $1,773,000 after purchasing an additional 12,328 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of V.F. by 98.9% in the first quarter. Panagora Asset Management Inc. now owns 28,234 shares of the textile maker’s stock valued at $1,605,000 after purchasing an additional 14,036 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of V.F. by 5.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,190 shares of the textile maker’s stock valued at $2,456,000 after purchasing an additional 2,270 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in V.F. by 13.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,567,185 shares of the textile maker’s stock worth $89,124,000 after acquiring an additional 187,008 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in V.F. by 6.0% during the first quarter. Vontobel Holding Ltd. now owns 13,192 shares of the textile maker’s stock worth $771,000 after acquiring an additional 751 shares during the last quarter. 96.89% of the stock is owned by institutional investors.

Insider Activity at V.F.

In other news, Director Carol L. Roberts purchased 7,109 shares of V.F. stock in a transaction that occurred on Wednesday, March 15th. The shares were bought at an average cost of $21.07 per share, with a total value of $149,786.63. Following the completion of the purchase, the director now directly owns 7,109 shares in the company, valued at $149,786.63. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

V.F. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Monday, June 12th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.65%. V.F.’s dividend payout ratio is presently 387.11%.

V.F. Company Profile

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VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.