VF (VFC) to Release Quarterly Earnings on Monday

VF (NYSE:VFC) is scheduled to announce its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

VF (NYSE:VFC) last released its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.04. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. VF’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period last year, the business posted ($0.15) EPS. On average, analysts expect VF to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

VF Trading Up 0.8 %

VFC opened at $16.70 on Friday. The stock’s fifty day moving average is $18.53 and its two-hundred day moving average is $15.50. The company has a market capitalization of $6.50 billion, a P/E ratio of -5.56, a PEG ratio of 1.99 and a beta of 1.53. VF has a 52 week low of $11.00 and a 52 week high of $21.40. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84.

VF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 2.16%. VF’s payout ratio is currently -11.92%.

Insider Buying and Selling

In other news, Director Richard Carucci purchased 15,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was bought at an average price of $16.70 per share, with a total value of $250,500.00. Following the transaction, the director now owns 230,178 shares in the company, valued at $3,843,972.60. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on VFC shares. Telsey Advisory Group restated a “market perform” rating and set a $19.00 price objective on shares of VF in a report on Wednesday. JPMorgan Chase & Co. cut their price target on VF from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Citigroup upgraded VF from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $20.00 in a report on Thursday, July 18th. Stifel Nicolaus lifted their price target on VF from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group initiated coverage on VF in a report on Friday, October 11th. They issued a “neutral” rating and a $20.00 price target on the stock. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.24.

VF Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.