VF Corp (NYSE:VFC) – Investment analysts at Piper Jaffray Companies lowered their Q3 2020 earnings per share (EPS) estimates for shares of VF in a research report issued on Friday, October 25th. Piper Jaffray Companies analyst E. Murphy now anticipates that the textile maker will earn $1.19 per share for the quarter, down from their previous forecast of $1.27. Piper Jaffray Companies also issued estimates for VF’s Q4 2020 earnings at $0.61 EPS, Q1 2021 earnings at $0.36 EPS, Q2 2021 earnings at $1.46 EPS, Q3 2021 earnings at $1.39 EPS and Q4 2021 earnings at $0.65 EPS.
VF (NYSE:VFC) last issued its quarterly earnings data on Friday, October 25th. The textile maker reported $1.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.04). The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.42 billion. VF had a net margin of 8.62% and a return on equity of 34.52%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS.
Other research analysts have also recently issued research reports about the stock. Credit Suisse Group boosted their price objective on shares of VF from $104.00 to $116.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Pivotal Research set a $90.00 price objective on shares of VF and gave the company a “hold” rating in a report on Monday. Wedbush restated an “outperform” rating and set a $98.00 price objective on shares of VF in a report on Friday, October 18th. Susquehanna Bancshares boosted their price objective on shares of VF from $105.00 to $119.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, ValuEngine cut shares of VF from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $97.71.
Shares of NYSE VFC opened at $83.45 on Monday. The stock has a market cap of $36.16 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.55 and a beta of 1.19. The firm has a 50 day moving average price of $88.86 and a 200 day moving average price of $87.53. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.19 and a current ratio of 2.05. VF has a 52-week low of $67.18 and a 52-week high of $96.20.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 10th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.30%. This is a boost from VF’s previous quarterly dividend of $0.43. VF’s dividend payout ratio is 45.50%.
In other news, VP Guerrini Martino Scabbia sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $90.21, for a total value of $1,533,570.00. Following the completion of the transaction, the vice president now owns 140,616 shares in the company, valued at $12,684,969.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Carucci bought 2,000 shares of VF stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average price of $78.93 per share, with a total value of $157,860.00. Following the acquisition, the director now directly owns 64,731 shares of the company’s stock, valued at approximately $5,109,217.83. The disclosure for this purchase can be found here. Insiders sold 63,707 shares of company stock valued at $5,422,330 in the last quarter. Corporate insiders own 0.74% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Krane Funds Advisors LLC acquired a new position in VF during the second quarter worth $25,000. TRUE Private Wealth Advisors acquired a new position in VF during the second quarter worth $26,000. Doyle Wealth Management acquired a new position in VF during the second quarter worth $32,000. Independence Bank of Kentucky acquired a new position in VF during the third quarter worth $34,000. Finally, Shine Investment Advisory Services Inc. acquired a new position in VF during the second quarter worth $35,000.
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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