VF Corp (NYSE:VFC) – Stock analysts at Wedbush issued their Q2 2019 earnings per share (EPS) estimates for shares of VF in a research report issued on Monday, October 15th. Wedbush analyst C. Svezia forecasts that the textile maker will post earnings of $1.34 per share for the quarter. Wedbush currently has a “Neutral” rating and a $94.00 price target on the stock. Wedbush also issued estimates for VF’s Q3 2019 earnings at $1.12 EPS, Q4 2019 earnings at $0.72 EPS, FY2019 earnings at $3.62 EPS and FY2020 earnings at $4.10 EPS.
VF (NYSE:VFC) last issued its quarterly earnings data on Friday, July 20th. The textile maker reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.11. VF had a net margin of 5.46% and a return on equity of 35.37%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the company posted $0.29 EPS. The company’s revenue was up 22.9% on a year-over-year basis.
Shares of VFC opened at $89.65 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 0.78. VF has a 1-year low of $64.04 and a 1-year high of $97.00. The company has a market cap of $37.05 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 2.42 and a beta of 0.96.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 20th. Shareholders of record on Monday, September 10th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, September 7th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.05%. VF’s dividend payout ratio (DPR) is presently 61.74%.
In other VF news, CFO Scott A. Roe sold 29,544 shares of VF stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $92.78, for a total value of $2,741,092.32. Following the transaction, the chief financial officer now owns 102,165 shares in the company, valued at approximately $9,478,868.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Laura C. Meagher sold 69,357 shares of VF stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $93.05, for a total transaction of $6,453,668.85. Following the completion of the transaction, the insider now owns 36,369 shares in the company, valued at approximately $3,384,135.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,533 shares of company stock worth $11,932,040. 1.72% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Private Capital Group LLC lifted its holdings in shares of VF by 5,303.7% during the 1st quarter. Private Capital Group LLC now owns 1,459 shares of the textile maker’s stock valued at $108,000 after acquiring an additional 1,432 shares in the last quarter. Fort L.P. acquired a new position in shares of VF during the 2nd quarter valued at $119,000. Centaurus Financial Inc. acquired a new position in shares of VF during the 2nd quarter valued at $119,000. NEXT Financial Group Inc acquired a new position in shares of VF during the 3rd quarter valued at $169,000. Finally, Parallel Advisors LLC lifted its holdings in shares of 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 acquiring an additional 1,102 shares in the last quarter.
VF Company Profile
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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