V.F. Corporation (NYSE:VFC) - Analysts at Forward View raised their Q3 2017 earnings estimates for V.F. Corporation in a report released on Tuesday. Forward View analyst N. Yates now anticipates that the textile maker will earn $1.14 per share for the quarter, up from their prior forecast of $1.10. Forward View currently has a “Hold” rating on the stock. Forward View also issued estimates for V.F. Corporation’s Q1 2018 earnings at $0.62 EPS, Q3 2018 earnings at $1.29 EPS, Q4 2018 earnings at $1.17 EPS and FY2018 earnings at $3.41 EPS.
Several other research firms have also commented on VFC. Bank of America Corporation reiterated an “underperform” rating and set a $50.00 price objective (up previously from $47.00) on shares of V.F. Corporation in a research note on Tuesday. Cowen and Company reiterated a “hold” rating on shares of V.F. Corporation in a research note on Thursday. Piper Jaffray Companies set a $58.00 price objective on shares of V.F. Corporation and gave the stock a “hold” rating in a research note on Monday, August 14th. Stifel Nicolaus reiterated a “hold” rating and set a $60.00 price objective (up previously from $57.00) on shares of V.F. Corporation in a research note on Monday, August 14th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $75.00 price objective (up previously from $70.00) on shares of V.F. Corporation in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. V.F. Corporation currently has an average rating of “Hold” and a consensus target price of $60.15.
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Shares of V.F. Corporation (NYSE VFC) opened at 62.78 on Thursday. The stock has a market capitalization of $24.71 billion, a price-to-earnings ratio of 23.95 and a beta of 0.78. The stock’s 50 day moving average is $59.88 and its 200-day moving average is $55.33. V.F. Corporation has a 12-month low of $48.05 and a 12-month high of $65.20.
V.F. Corporation (NYSE:VFC) last posted its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. V.F. Corporation’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in V.F. Corporation by 1,744.1% in the first quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock worth $1,070,143,000 after buying an additional 18,412,097 shares during the last quarter. Wellington Management Group LLP raised its stake in V.F. Corporation by 13.9% in the first quarter. Wellington Management Group LLP now owns 33,920,937 shares of the textile maker’s stock worth $1,864,633,000 after buying an additional 4,129,477 shares during the last quarter. Parnassus Investments CA raised its stake in V.F. Corporation by 25.5% in the first quarter. Parnassus Investments CA now owns 13,480,236 shares of the textile maker’s stock worth $724,090,000 after buying an additional 2,740,485 shares during the last quarter. Victory Capital Management Inc. raised its stake in V.F. Corporation by 12,957.2% in the first quarter. Victory Capital Management Inc. now owns 2,675,683 shares of the textile maker’s stock worth $147,083,000 after buying an additional 2,655,191 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in V.F. Corporation by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 5,808,796 shares of the textile maker’s stock worth $319,309,000 after buying an additional 1,017,375 shares during the last quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 8th will be paid a $0.42 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.68%. V.F. Corporation’s payout ratio is currently 64.86%.
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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