VF (NYSE:VFC) issued its quarterly earnings data on Friday, February 16th. The textile maker reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.01), Bloomberg Earnings reports. VF had a net margin of 5.08% and a return on equity of 31.49%. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year. VF updated its Q1 guidance to $0.65 EPS.
Shares of VF (NYSE:VFC) opened at $73.21 on Tuesday. VF has a 12 month low of $51.22 and a 12 month high of $84.38. The stock has a market capitalization of $29,192.45, a P/E ratio of 48.48, a PEG ratio of 2.11 and a beta of 0.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.60.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, March 8th. VF’s dividend payout ratio (DPR) is currently 121.86%.
VFC has been the subject of several recent research reports. Susquehanna Bancshares reissued a “buy” rating and set a $95.00 price objective on shares of VF in a report on Monday, January 29th. Pivotal Research set a $95.00 price objective on VF and gave the stock a “buy” rating in a report on Wednesday, February 14th. Canaccord Genuity restated a “buy” rating and set a $90.00 target price (up from $81.00) on shares of VF in a research report on Monday, January 29th. Barclays assumed coverage on VF in a research report on Friday, February 2nd. They set an “overweight” rating and a $96.00 target price for the company. Finally, Piper Jaffray Companies upgraded VF from a “neutral” rating to an “overweight” rating and set a $56.00 target price for the company in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $75.55.
Several institutional investors have recently made changes to their positions in VFC. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of VF by 44.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock worth $111,000 after purchasing an additional 3,372 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of VF during the 4th quarter worth approximately $131,000. Carroll Financial Associates Inc. raised its stake in shares of VF by 368.3% during the 4th quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock worth $151,000 after purchasing an additional 1,613 shares in the last quarter. Alps Advisors Inc. bought a new stake in shares of VF during the 4th quarter worth approximately $205,000. Finally, Investment Partners Ltd. OH ADV bought a new stake in shares of VF during the 4th quarter worth approximately $207,000. Institutional investors own 85.49% of the company’s stock.
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VF Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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