VF (NYSE:VFC) issued its earnings results on Friday. The textile maker reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.19, MarketWatch Earnings reports. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.54 billion. VF had a return on equity of 21.07% and a net margin of 3.46%. The firm’s quarterly revenue was down 18.0% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. VF updated its FY 2021
Pre-Market guidance to 1.20 EPS and its FY21 guidance to at least $1.20 EPS.
VFC stock opened at $75.82 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 3.65 and a quick ratio of 2.83. The firm has a market capitalization of $29.54 billion, a P/E ratio of 92.46, a P/E/G ratio of 5.49 and a beta of 1.20. The business’s 50-day moving average is $71.54 and its two-hundred day moving average is $62.31. VF has a 1 year low of $45.07 and a 1 year high of $100.25.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Thursday, December 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.59%. This is a boost from VF’s previous quarterly dividend of $0.48. VF’s dividend payout ratio (DPR) is 71.64%.
Several brokerages have weighed in on VFC. Cowen increased their price target on VF from $64.00 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus cut VF from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research report on Friday, October 9th. Pivotal Research raised their target price on VF from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Tuesday, July 28th. 140166 raised their target price on VF from $69.00 to $81.00 in a research report on Friday, September 25th. Finally, BTIG Research raised shares of VF from a “neutral” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Tuesday, September 15th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $74.37.
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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