VF (VFC) Scheduled to Post Quarterly Earnings on Monday

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

VF (NYSE:VFC) last issued its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($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 Stock Up 1.0 %

Shares of VF stock opened at $16.73 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. The company’s fifty day simple moving average is $18.52 and its two-hundred day simple moving average is $15.52. The company has a market cap of $6.51 billion, a P/E ratio of -5.54, a PEG ratio of 1.99 and a beta of 1.53. VF has a 12-month low of $11.00 and a 12-month high of $21.40.

VF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Tuesday, September 10th. VF’s payout ratio is currently -11.92%.

Analysts Set New Price Targets

VFC has been the topic of a number of research analyst reports. Robert W. Baird boosted their price objective on shares of VF from $13.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Stifel Nicolaus boosted their target price on shares of VF from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, October 14th. Wedbush restated a “neutral” rating and set a $13.00 target price on shares of VF in a report on Monday, August 5th. Argus upgraded shares of VF to a “hold” rating in a report on Wednesday, August 28th. Finally, Wells Fargo & Company cut shares of VF from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $16.00 to $15.00 in a report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.24.

Insider Buying and Selling

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

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.