V.F. Corporation (NYSE:VFC) - Analysts at Forward View upped their FY2017 earnings per share estimates for V.F. Corporation in a note issued to investors on Tuesday. Forward View analyst N. Yates now forecasts that the textile maker will post earnings per share of $3.04 for the year, up from their previous forecast of $3.00. Forward View currently has a “Hold” rating on the stock. Forward View also issued estimates for V.F. Corporation’s Q2 2018 earnings at $0.34 EPS.
A number of other research analysts have also weighed in on the stock. Bank of America Corporation reiterated an “underperform” rating and issued a $50.00 price objective (up from $47.00) on shares of V.F. Corporation in a research note on Tuesday. Buckingham Research lifted their price objective on shares of V.F. Corporation from $55.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $75.00 price objective (up from $70.00) on shares of V.F. Corporation in a research note on Tuesday. Stifel Nicolaus reiterated a “hold” rating and issued a $60.00 price objective (up from $57.00) on shares of V.F. Corporation in a research note on Monday. Finally, Piper Jaffray Companies set a $58.00 price objective on shares of V.F. Corporation and gave the company a “hold” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company’s stock. V.F. Corporation has a consensus rating of “Hold” and a consensus price target of $60.15.
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Shares of V.F. Corporation (NYSE VFC) opened at 63.90 on Wednesday. The company has a market capitalization of $25.15 billion, a PE ratio of 24.38 and a beta of 0.78. The company has a 50 day moving average price of $59.34 and a 200 day moving average price of $55.13. V.F. Corporation has a 52 week low of $48.05 and a 52 week high of $65.20.
V.F. Corporation (NYSE:VFC) last issued its quarterly earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.31 billion. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Thursday, September 7th. V.F. Corporation’s dividend payout ratio is currently 64.86%.
Several hedge funds have recently bought and sold shares of the company. Edmp Inc. bought a new stake in V.F. Corporation during the first quarter worth about $2,894,000. PGGM Investments bought a new stake in V.F. Corporation during the first quarter worth about $11,656,000. Lowe Brockenbrough & Co. Inc. increased its stake in V.F. Corporation by 35.2% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 29,400 shares of the textile maker’s stock worth $1,616,000 after buying an additional 7,655 shares in the last quarter. Dean Investment Associates LLC increased its stake in V.F. Corporation by 55.7% in the first quarter. Dean Investment Associates LLC now owns 17,110 shares of the textile maker’s stock worth $941,000 after buying an additional 6,120 shares in the last quarter. Finally, Adviser Investments LLC bought a new stake in V.F. Corporation during the first quarter worth about $1,959,000.
About V.F. Corporation
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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