Analysts Expect VF Corp (VFC) Will Post Quarterly Sales of $3.20 Billion

Equities analysts predict that VF Corp (NYSE:VFC) will post $3.20 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for VF’s earnings. The lowest sales estimate is $3.18 billion and the highest is $3.23 billion. VF reported sales of $3.05 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The business is scheduled to issue its next earnings results on Friday, May 3rd.

On average, analysts expect that VF will report full year sales of $13.82 billion for the current financial year, with estimates ranging from $13.79 billion to $13.87 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $14.59 billion, with estimates ranging from $14.45 billion to $14.75 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover VF.

VF (NYSE:VFC) last posted its earnings results on Friday, January 18th. The textile maker reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.21. VF had a return on equity of 38.84% and a net margin of 10.11%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the company earned $1.01 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis.



A number of brokerages have recently commented on VFC. Cowen upped their price target on VF from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, February 19th. Telsey Advisory Group reiterated an “outperform” rating and set a $96.00 price target (up from $88.00) on shares of VF in a report on Tuesday, January 22nd. ValuEngine upgraded VF from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Piper Jaffray Companies set a $93.00 price target on VF and gave the stock a “buy” rating in a report on Friday, January 18th. Finally, Guggenheim reiterated a “buy” rating and set a $90.00 price target on shares of VF in a report on Friday, January 18th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $92.27.

In related news, Director W Alan Mccollough sold 12,552 shares of the company’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $83.20, for a total value of $1,044,326.40. Following the completion of the transaction, the director now directly owns 27,742 shares in the company, valued at $2,308,134.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Steven E. Rendle sold 65,988 shares of the company’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $85.91, for a total value of $5,669,029.08. Following the completion of the sale, the chairman now owns 236,514 shares in the company, valued at $20,318,917.74. The disclosure for this sale can be found here. Insiders sold 177,356 shares of company stock valued at $15,204,424 over the last 90 days. 1.72% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Doyle Wealth Management bought a new stake in VF in the fourth quarter valued at $26,000. Reilly Financial Advisors LLC grew its position in VF by 99.1% in the fourth quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 219 shares during the period. Destination Wealth Management grew its position in VF by 365.2% in the fourth quarter. Destination Wealth Management now owns 428 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 336 shares during the period. Sonora Investment Management LLC grew its position in VF by 69.5% in the fourth quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 182 shares during the period. Finally, Bruderman Asset Management LLC bought a new stake in VF in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 83.88% of the company’s stock.

Shares of VFC stock traded down $0.74 during trading hours on Tuesday, reaching $84.20. 24,278 shares of the company’s stock were exchanged, compared to its average volume of 2,191,638. VF has a fifty-two week low of $67.18 and a fifty-two week high of $97.00. The firm has a market cap of $33.60 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 1.99 and a beta of 1.14. The company has a quick ratio of 1.07, a current ratio of 1.80 and a debt-to-equity ratio of 0.50.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, March 8th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.42%. VF’s payout ratio is 68.46%.

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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