FY2024 Earnings Forecast for V.F. Co. Issued By Seaport Res Ptn (NYSE:VFC)

V.F. Co. (NYSE:VFCFree Report) – Seaport Res Ptn lowered their FY2024 EPS estimates for V.F. in a note issued to investors on Wednesday, February 7th. Seaport Res Ptn analyst M. Kummetz now anticipates that the textile maker will post earnings per share of $1.08 for the year, down from their prior forecast of $1.12. The consensus estimate for V.F.’s current full-year earnings is $1.47 per share. Seaport Res Ptn also issued estimates for V.F.’s Q4 2024 earnings at $0.03 EPS.

V.F. (NYSE:VFCGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The firm’s quarterly revenue was down 16.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS.

Other analysts have also issued research reports about the stock. Piper Sandler lowered their target price on shares of V.F. from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, October 31st. Wells Fargo & Company lowered their target price on shares of V.F. from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Wednesday. Evercore ISI started coverage on shares of V.F. in a research note on Tuesday, November 7th. They set an “inline” rating and a $17.00 target price for the company. TheStreet lowered shares of V.F. from a “c-” rating to a “d+” rating in a research note on Monday, October 30th. Finally, Wedbush reduced their price target on shares of V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.70.

View Our Latest Report on V.F.

V.F. Trading Up 0.3 %

Shares of NYSE:VFC opened at $15.35 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.78 and a current ratio of 1.23. The company has a fifty day simple moving average of $17.53 and a 200 day simple moving average of $17.71. V.F. has a 12-month low of $12.85 and a 12-month high of $29.03.

Institutional Trading of V.F.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in V.F. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after buying an additional 475,239 shares during the period. Northern Trust Corp raised its holdings in V.F. by 1.1% during the 3rd quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock worth $419,817,000 after buying an additional 257,992 shares during the period. State Street Corp raised its holdings in V.F. by 0.9% during the 1st quarter. State Street Corp now owns 18,079,811 shares of the textile maker’s stock worth $1,028,018,000 after buying an additional 161,526 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in shares of V.F. by 97,005.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,843,788 shares of the textile maker’s stock valued at $437,447,000 after purchasing an additional 15,827,472 shares during the period. Finally, M&G Investment Management Ltd. increased its holdings in shares of V.F. by 19.4% in the 4th quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock valued at $235,850,000 after purchasing an additional 2,016,470 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, March 8th. V.F.’s payout ratio is -18.27%.

V.F. Company Profile

(Get Free Report)

V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.

Further Reading

Earnings History and Estimates for V.F. (NYSE:VFC)

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