Shares of VF Corp (NYSE:VFC) gapped down before the market opened on Monday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $95.37, but opened at $83.94. VF shares last traded at $74.64, with a volume of 10016600 shares trading hands.
The textile maker reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.01). The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.67 billion. VF had a net margin of 5.08% and a return on equity of 31.49%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.47%. VF’s payout ratio is 76.35%.
Several institutional investors and hedge funds have recently modified their holdings of VFC. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of VF by 44.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock worth $111,000 after purchasing an additional 3,372 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of VF during the fourth quarter worth about $131,000. Carroll Financial Associates Inc. lifted its position in shares of VF by 368.3% during the fourth quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock worth $151,000 after purchasing an additional 1,613 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of VF during the fourth quarter worth about $205,000. Finally, Investment Partners Ltd. OH ADV acquired a new stake in shares of VF during the fourth quarter worth about $207,000. 85.22% of the stock is currently owned by institutional investors and hedge funds.
The stock has a market cap of $29,490.00, a PE ratio of 30.97, a PEG ratio of 2.08 and a beta of 0.91. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.59.
VF Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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