VF Corp (VFC) Expected to Post Quarterly Sales of $3.87 Billion

Analysts expect VF Corp (NYSE:VFC) to report sales of $3.87 billion for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for VF’s earnings, with the highest sales estimate coming in at $3.90 billion and the lowest estimate coming in at $3.84 billion. VF reported sales of $3.65 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 6%. The firm is expected to report its next quarterly earnings report on Friday, February 15th.

According to Zacks, analysts expect that VF will report full year sales of $13.75 billion for the current fiscal year, with estimates ranging from $13.71 billion to $13.80 billion. For the next financial year, analysts expect that the company will post sales of $14.54 billion, with estimates ranging from $14.46 billion to $14.67 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover VF.

VF (NYSE:VFC) last announced its quarterly earnings results on Friday, October 19th. The textile maker reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.10. VF had a net margin of 6.20% and a return on equity of 37.08%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the business earned $1.23 EPS. VF’s quarterly revenue was up 15.2% on a year-over-year basis.



VFC has been the topic of a number of research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $105.00 price target on shares of VF in a research note on Thursday, July 26th. Bank of America raised shares of VF from an “underperform” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Friday, July 13th. Buckingham Research cut their price objective on shares of VF from $89.00 to $86.00 and set a “neutral” rating for the company in a report on Wednesday, October 17th. JPMorgan Chase & Co. raised shares of VF from a “neutral” rating to an “overweight” rating and set a $78.00 price objective for the company in a report on Monday, July 16th. Finally, Credit Suisse Group boosted their price objective on shares of VF from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $95.17.

In other VF news, Director Richard Carucci acquired 5,000 shares of the stock in a transaction dated Wednesday, October 24th. The stock was purchased at an average cost of $78.65 per share, for a total transaction of $393,250.00. Following the acquisition, the director now owns 48,190 shares in the company, valued at approximately $3,790,143.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Scott A. Roe sold 29,544 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $92.78, for a total transaction of $2,741,092.32. Following the completion of the sale, the chief financial officer now owns 102,165 shares of the company’s stock, valued at $9,478,868.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,533 shares of company stock valued at $11,932,040. 1.72% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Capital Group LLC lifted its holdings in shares of VF by 5,303.7% in the 1st quarter. Private Capital Group LLC now owns 1,459 shares of the textile maker’s stock worth $108,000 after acquiring an additional 1,432 shares during the last quarter. Fort L.P. bought a new stake in VF during the 2nd quarter valued at $119,000. Centaurus Financial Inc. bought a new stake in VF during the 2nd quarter valued at $119,000. Parallel Advisors LLC raised its holdings in VF by 154.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,814 shares of the textile maker’s stock valued at $147,000 after buying an additional 1,102 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in VF during the 2nd quarter valued at $152,000.

VFC traded down $0.07 on Tuesday, reaching $79.31. The company had a trading volume of 3,109,537 shares, compared to its average volume of 3,182,986. VF has a fifty-two week low of $68.35 and a fifty-two week high of $97.00. The firm has a market cap of $31.44 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.54.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Monday, December 10th will be paid a $0.51 dividend. This is an increase from VF’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, December 7th. This represents a $2.04 annualized dividend and a dividend yield of 2.57%. VF’s dividend payout ratio (DPR) is presently 61.74%.

About VF

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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