VF (VFC) Scheduled to Post Quarterly Earnings on Monday

VF (NYSE:VFC) will be posting its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

VF (NYSE:VFC) last announced its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.04. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the business earned ($0.15) earnings per share. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, analysts expect VF to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

VF Price Performance

VFC stock opened at $19.60 on Monday. VF has a 12 month low of $11.00 and a 12 month high of $21.40. The firm has a 50 day moving average of $18.50 and a 200-day moving average of $15.42. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $7.63 billion, a P/E ratio of -6.49, a price-to-earnings-growth ratio of 2.19 and a beta of 1.53.

VF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were paid a $0.09 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.84%. VF’s dividend payout ratio is presently -11.92%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VFC shares. Citigroup raised VF from a “neutral” rating to a “buy” rating and boosted their target price for the company from $11.00 to $20.00 in a research note on Thursday, July 18th. Wells Fargo & Company lowered VF from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $16.00 to $15.00 in a research note on Monday, October 14th. Argus raised shares of VF to a “hold” rating in a research note on Wednesday, August 28th. Barclays raised shares of VF from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $19.00 to $22.00 in a research report on Wednesday, September 18th. Finally, The Goldman Sachs Group assumed coverage on shares of VF in a research note on Friday, October 11th. They set a “neutral” rating and a $20.00 price objective for the company. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.24.

Insider Buying and Selling

In other VF news, Director Richard Carucci bought 15,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the acquisition, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by company insiders.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.