Telsey Advisory Group Brokers Cut Earnings Estimates for V.F. Co. (NYSE:VFC)

V.F. Co. (NYSE:VFCFree Report) – Equities research analysts at Telsey Advisory Group dropped their FY2024 earnings estimates for V.F. in a report issued on Wednesday, February 7th. Telsey Advisory Group analyst D. Telsey now anticipates that the textile maker will earn $1.16 per share for the year, down from their prior estimate of $1.47. Telsey Advisory Group has a “Outperform” rating and a $22.00 price objective on the stock. The consensus estimate for V.F.’s current full-year earnings is $1.47 per share. Telsey Advisory Group also issued estimates for V.F.’s Q4 2024 earnings at $0.10 EPS, Q1 2025 earnings at ($0.08) EPS, Q3 2025 earnings at $0.65 EPS and FY2025 earnings at $1.60 EPS.

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

Other analysts have also recently issued reports about the stock. Stifel Nicolaus reduced their price objective on shares of V.F. from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group dropped their target price on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday. JPMorgan Chase & Co. upgraded shares of V.F. from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $15.00 to $19.00 in a research report on Wednesday, November 15th. Piper Sandler dropped 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 report on Tuesday, October 31st. Finally, The Goldman Sachs Group lowered shares of V.F. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $14.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.70.

View Our Latest Stock Report on VFC

V.F. Price Performance

Shares of NYSE VFC opened at $15.35 on Friday. The firm has a fifty day moving average price of $17.53 and a 200-day moving average price of $17.71. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.78. V.F. has a 1 year low of $12.85 and a 1 year high of $29.03.

V.F. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 2.35%. V.F.’s dividend payout ratio (DPR) is presently -18.27%.

Institutional Investors Weigh In On V.F.

Institutional investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC increased its stake in V.F. by 2,835.6% in the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after buying an additional 1,276 shares during the period. Eagle Bay Advisors LLC purchased a new position in V.F. in the 4th quarter worth about $25,000. International Assets Investment Management LLC purchased a new position in V.F. in the 3rd quarter worth about $27,000. CKW Financial Group purchased a new position in V.F. in the 3rd quarter worth about $30,000. Finally, PCA Investment Advisory Services Inc. purchased a new position in V.F. in the 2nd quarter worth about $31,000. Institutional investors own 80.81% of the company’s stock.

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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