V.F. Co. (NYSE:VFC) to Post Q4 2024 Earnings of ($0.08) Per Share, Wedbush Forecasts

V.F. Co. (NYSE:VFC) – Analysts at Wedbush cut their Q4 2024 earnings per share estimates for shares of V.F. in a research note issued on Tuesday, May 21st. Wedbush analyst T. Nikic now anticipates that the textile maker will post earnings of ($0.08) per share for the quarter, down from their prior estimate of ($0.04). Wedbush currently has a “Neutral” rating and a $13.00 target price on the stock. The consensus estimate for V.F.’s current full-year earnings is $1.06 per share. Wedbush also issued estimates for V.F.’s Q1 2025 earnings at ($0.23) EPS, Q2 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.04 EPS, FY2025 earnings at $1.15 EPS and FY2026 earnings at $1.46 EPS.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm posted $0.17 EPS. V.F.’s quarterly revenue was down 13.4% on a year-over-year basis.

VFC has been the topic of a number of other research reports. Stifel Nicolaus restated a “buy” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, April 9th. 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 report on Monday, April 8th. Telsey Advisory Group reduced their price objective on V.F. from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, May 17th. Williams Trading restated a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. Finally, BNP Paribas reiterated a “neutral” rating and issued a $14.00 price target (down previously from $18.00) on shares of V.F. in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.16.

V.F. Trading Down 0.9 %

V.F. stock opened at $12.35 on Thursday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70. V.F. has a 52 week low of $11.91 and a 52 week high of $21.17. The stock has a fifty day moving average of $13.34 and a 200-day moving average of $15.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VFC. Wolff Wiese Magana LLC boosted its holdings in V.F. by 2,835.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,276 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of V.F. in the fourth quarter valued at approximately $25,000. Mather Group LLC. purchased a new stake in shares of V.F. during the first quarter valued at approximately $27,000. Future Financial Wealth Managment LLC purchased a new stake in shares of V.F. during the first quarter valued at approximately $31,000. Finally, Allworth Financial LP increased its position in shares of V.F. by 111.5% during the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 958 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

About V.F.

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.