VF Corp (NYSE:VFC) – Analysts at Piper Jaffray Companies cut their Q2 2020 earnings per share (EPS) estimates for VF in a research note issued on Wednesday, May 22nd, Zacks Investment Research reports. Piper Jaffray Companies analyst E. Murphy now forecasts that the textile maker will earn $1.34 per share for the quarter, down from their previous forecast of $1.55. Piper Jaffray Companies also issued estimates for VF’s Q3 2020 earnings at $1.25 EPS, Q2 2021 earnings at $1.50 EPS and Q3 2021 earnings at $1.39 EPS.
VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, May 22nd. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.20 billion. VF had a return on equity of 36.62% and a net margin of 9.10%. VF’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share.
VFC has been the subject of a number of other reports. Goldman Sachs Group began coverage on VF in a report on Friday, May 17th. They set a “buy” rating and a $97.00 price objective for the company. Cowen raised their price target on VF from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Citigroup restated a “neutral” rating and issued a $85.00 price target (down from $90.00) on shares of VF in a research note on Monday, March 18th. UBS Group raised their price target on VF from $84.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, May 14th. Finally, Wedbush restated an “outperform” rating and issued a $98.00 price target on shares of VF in a research note on Thursday, May 23rd. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $93.70.
Shares of NYSE:VFC traded down $0.08 during mid-day trading on Friday, reaching $87.18. 1,318,696 shares of the stock were exchanged, compared to its average volume of 2,030,076. The company has a current ratio of 1.76, a quick ratio of 1.03 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $34.82 billion, a P/E ratio of 23.06, a P/E/G ratio of 2.67 and a beta of 1.15. VF has a one year low of $67.18 and a one year high of $97.00. The business’s 50 day moving average price is $88.87.
A number of large investors have recently added to or reduced their stakes in VFC. First Citizens Bank & Trust Co. lifted its stake in shares of VF by 0.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 22,621 shares of the textile maker’s stock valued at $1,966,000 after purchasing an additional 116 shares during the period. NEXT Financial Group Inc grew its stake in shares of VF by 6.6% during the fourth quarter. NEXT Financial Group Inc now owns 1,929 shares of the textile maker’s stock valued at $138,000 after buying an additional 120 shares during the last quarter. South State Corp grew its stake in shares of VF by 0.9% during the fourth quarter. South State Corp now owns 15,957 shares of the textile maker’s stock valued at $1,139,000 after buying an additional 140 shares during the last quarter. Legacy Financial Strategies LLC grew its stake in shares of VF by 2.1% during the fourth quarter. Legacy Financial Strategies LLC now owns 7,007 shares of the textile maker’s stock valued at $500,000 after buying an additional 143 shares during the last quarter. Finally, Covenant Multifamily Offices LLC grew its stake in shares of VF by 2.6% during the first quarter. Covenant Multifamily Offices LLC now owns 5,805 shares of the textile maker’s stock valued at $505,000 after buying an additional 145 shares during the last quarter.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be issued a dividend of $0.51 per share. This is a boost from VF’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, June 7th. VF’s dividend payout ratio (DPR) is presently 53.97%.
VF Company Profile
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.