VF Co. (VFC) Expected to Announce Quarterly Sales of $2.90 Billion

Wall Street brokerages expect VF Co. (NYSE:VFC) to announce sales of $2.90 billion for the current quarter, according to Zacks. Seven analysts have made estimates for VF’s earnings. The highest sales estimate is $2.92 billion and the lowest is $2.89 billion. VF posted sales of $2.58 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 12.4%. The firm is expected to issue its next earnings report before the market opens on Friday, May 4th.

According to Zacks, analysts expect that VF will report full year sales of $13.14 billion for the current financial year, with estimates ranging from $13.05 billion to $13.24 billion. For the next year, analysts expect that the business will report sales of $13.68 billion per share, with estimates ranging from $13.28 billion to $13.92 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover VF.

VF (NYSE:VFC) last released its earnings results on Friday, February 16th. The textile maker reported $1.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.01). The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.67 billion. VF had a return on equity of 31.49% and a net margin of 5.08%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share.

Several research firms have commented on VFC. Guggenheim reaffirmed a “buy” rating and issued a $84.00 target price on shares of VF in a research note on Wednesday, January 10th. Canaccord Genuity set a $90.00 target price on shares of VF and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Piper Jaffray raised shares of VF from a “neutral” rating to an “overweight” rating and set a $56.00 target price for the company in a research note on Monday, February 5th. Robert W. Baird reaffirmed an “average” rating and issued a $84.00 target price on shares of VF in a research note on Wednesday, January 3rd. Finally, Pivotal Research set a $95.00 target price on shares of VF and gave the stock a “buy” rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. VF presently has an average rating of “Hold” and an average target price of $76.81.

Several hedge funds and other institutional investors have recently made changes to their positions in VFC. BlackRock Inc. boosted its position in VF by 1.6% during the 4th quarter. BlackRock Inc. now owns 21,891,867 shares of the textile maker’s stock worth $1,619,997,000 after purchasing an additional 335,056 shares during the period. Victory Capital Management Inc. boosted its position in VF by 6.4% during the 4th quarter. Victory Capital Management Inc. now owns 3,913,402 shares of the textile maker’s stock worth $289,592,000 after purchasing an additional 236,963 shares during the period. Geode Capital Management LLC boosted its position in VF by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 3,817,062 shares of the textile maker’s stock worth $281,921,000 after purchasing an additional 172,234 shares during the period. Schwab Charles Investment Management Inc. boosted its position in VF by 5.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,744,948 shares of the textile maker’s stock worth $129,127,000 after purchasing an additional 97,588 shares during the period. Finally, King Luther Capital Management Corp boosted its position in VF by 15.3% during the 4th quarter. King Luther Capital Management Corp now owns 1,394,210 shares of the textile maker’s stock worth $103,172,000 after purchasing an additional 184,973 shares during the period.

VFC stock traded up $0.60 during midday trading on Monday, hitting $78.10. The stock had a trading volume of 1,463,701 shares, compared to its average volume of 2,652,719. The stock has a market capitalization of $30,743.51, a P/E ratio of 26.21, a PEG ratio of 2.19 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.60. VF has a 12-month low of $51.22 and a 12-month high of $84.38.

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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.

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Earnings History and Estimates for VF (NYSE:VFC)

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