Wedbush Comments on V.F. Co.’s FY2024 Earnings (NYSE:VFC)

V.F. Co. (NYSE:VFCFree Report) – Investment analysts at Wedbush lowered their FY2024 EPS estimates for shares of V.F. in a research note issued on Wednesday, February 7th. Wedbush analyst T. Nikic now forecasts that the textile maker will earn $1.02 per share for the year, down from their prior forecast of $1.35. Wedbush has a “Neutral” rating and a $15.50 price objective on the stock. The consensus estimate for V.F.’s current full-year earnings is $1.47 per share. Wedbush also issued estimates for V.F.’s Q4 2024 earnings at ($0.04) EPS, Q1 2025 earnings at ($0.13) EPS and Q3 2025 earnings at $0.69 EPS.

A number of other research firms have also recently weighed in on VFC. UBS Group dropped their price target on V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday. Evercore ISI assumed coverage on shares of V.F. in a report on Tuesday, November 7th. They set an “inline” rating and a $17.00 price objective on the stock. StockNews.com upgraded shares of V.F. from a “sell” rating to a “hold” rating in a research report on Thursday. Citigroup decreased their price target on shares of V.F. from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $22.00 price objective on shares of V.F. in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, V.F. has an average rating of “Hold” and a consensus price target of $18.70.

View Our Latest Research 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. V.F. has a 52 week low of $12.85 and a 52 week high of $29.03. The company’s fifty day moving average is $17.53 and its 200-day moving average is $17.71.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VFC. Truist Financial Corp increased its holdings in V.F. by 5.2% during the second quarter. Truist Financial Corp now owns 51,313 shares of the textile maker’s stock worth $980,000 after buying an additional 2,530 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of V.F. in the 2nd quarter valued at about $207,000. Envestnet Asset Management Inc. lifted its stake in V.F. by 43.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 299,024 shares of the textile maker’s stock valued at $5,708,000 after purchasing an additional 90,200 shares during the last quarter. Compagnie Lombard Odier SCmA grew its holdings in V.F. by 41.8% during the third quarter. Compagnie Lombard Odier SCmA now owns 453,543 shares of the textile maker’s stock worth $8,014,000 after purchasing an additional 133,624 shares during the period. Finally, Handelsinvest Investeringsforvaltning acquired a new position in V.F. during the third quarter worth approximately $4,948,000. 80.81% of the stock is currently owned by institutional investors.

V.F. Announces Dividend

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

See Also

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

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