V.F. (VFC) to Release Quarterly Earnings on Tuesday

V.F. (NYSE:VFC) is scheduled to announce its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.35) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the business posted $0.17 earnings per share. The firm’s quarterly revenue was down 13.4% on a year-over-year basis. On average, analysts expect V.F. to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

V.F. Stock Down 2.9 %

Shares of NYSE:VFC opened at $16.06 on Monday. The stock’s 50-day moving average price is $14.16 and its two-hundred day moving average price is $14.44. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 2.84. V.F. has a 12-month low of $11.00 and a 12-month high of $21.17. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of -6.42, a PEG ratio of 1.24 and a beta of 1.52.

V.F. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 10th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, June 10th. V.F.’s dividend payout ratio is currently -14.40%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VFC. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $15.00 price objective on shares of V.F. in a research note on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price objective on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 8th. Stifel Nicolaus reduced their price objective on V.F. from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. BMO Capital Markets reduced their price objective on V.F. from $18.00 to $13.00 and set a “market perform” rating on the stock in a research note on Thursday, May 23rd. Finally, Barclays lifted their price objective on V.F. from $12.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, V.F. has a consensus rating of “Hold” and an average price target of $14.19.

Insiders Place Their Bets

In other V.F. news, insider Bracken Darrell acquired 75,200 shares of the company’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the acquisition, the insider now directly owns 219,972 shares of the company’s stock, valued at $2,916,828.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Bracken Darrell bought 75,200 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $13.26 per share, for a total transaction of $997,152.00. Following the transaction, the insider now owns 219,972 shares in the company, valued at $2,916,828.72. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Carucci bought 25,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was purchased at an average price of $13.78 per share, with a total value of $344,500.00. Following the transaction, the director now owns 215,130 shares in the company, valued at approximately $2,964,491.40. The disclosure for this purchase can be found here. 0.70% of the stock is owned by company insiders.

About V.F.

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.