V.F. Co. to Post Q2 2024 Earnings of $0.76 Per Share, Seaport Res Ptn Forecasts (NYSE:VFC)

V.F. Co. (NYSE:VFC – Get Rating) – Investment analysts at Seaport Res Ptn issued their Q2 2024 EPS estimates for V.F. in a report issued on Wednesday, May 24th. Seaport Res Ptn analyst M. Kummetz expects that the textile maker will earn $0.76 per share for the quarter. The consensus estimate for V.F.’s current full-year earnings is $2.11 per share. Seaport Res Ptn also issued estimates for V.F.’s Q3 2024 earnings at $1.15 EPS, Q4 2024 earnings at $0.48 EPS, FY2024 earnings at $2.15 EPS and FY2025 earnings at $2.52 EPS.

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

Other equities analysts also recently issued reports about the company. Barclays reduced their price target on V.F. from $26.00 to $20.00 in a report on Thursday. Edward Jones raised V.F. from a “hold” rating to a “buy” rating in a research note on Thursday, April 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on V.F. from $33.00 to $26.00 in a report on Wednesday. BTIG Research reissued a “neutral” rating on shares of V.F. in a research report on Tuesday, February 7th. Finally, Wedbush reduced their target price on V.F. from $29.00 to $19.00 in a research report on Monday, May 22nd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.42.

V.F. Stock Up 3.4 %

Shares of VFC opened at $18.05 on Thursday. The firm 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. 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. The stock has a 50 day simple moving average of $21.47 and a two-hundred day simple moving average of $25.95.

Institutional Investors Weigh In On V.F.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its position in shares of V.F. by 97,005.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,843,788 shares of the textile maker’s stock valued at $437,447,000 after buying an additional 15,827,472 shares during the last quarter. Vanguard Group Inc. increased its holdings in V.F. by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 40,200,890 shares of the textile maker’s stock worth $2,285,822,000 after purchasing an additional 5,626,337 shares in the last quarter. Millennium Management LLC increased its holdings in V.F. by 5,060.5% during the 4th quarter. Millennium Management LLC now owns 5,731,857 shares of the textile maker’s stock worth $158,257,000 after purchasing an additional 5,620,786 shares in the last quarter. State Street Corp grew its holdings in shares of V.F. by 21.4% in the third quarter. State Street Corp now owns 24,962,446 shares of the textile maker’s stock valued at $746,627,000 after acquiring an additional 4,404,458 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of V.F. by 295.0% in the first quarter. Renaissance Technologies LLC now owns 4,454,300 shares of the textile maker’s stock valued at $102,048,000 after acquiring an additional 3,326,600 shares in the last quarter. Institutional investors own 96.89% of the company’s stock.

Insider Buying and Selling at V.F.

In other news, Director Carol L. Roberts purchased 7,109 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was acquired at an average cost of $21.07 per share, with a total value of $149,786.63. Following the acquisition, the director now owns 7,109 shares in the company, valued at approximately $149,786.63. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

V.F. Dividend Announcement

The company also recently disclosed 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 is Friday, June 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.65%. V.F.’s payout ratio is presently 387.11%.

About V.F.

(Get Rating)

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.