VF Corp (NYSE:VFC) – Research analysts at KeyCorp raised their Q1 2018 EPS estimates for VF in a note issued to investors on Monday. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings of $0.65 per share for the quarter, up from their prior forecast of $0.59. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for VF’s Q2 2018 earnings at $0.35 EPS, Q4 2018 earnings at $1.07 EPS, FY2018 earnings at $3.45 EPS and FY2019 earnings at $3.70 EPS.
VF (NYSE:VFC) last announced its quarterly earnings data on Friday, February 16th. The textile maker reported $1.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.01). VF had a net margin of 5.08% and a return on equity of 31.49%. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. VF’s revenue for the quarter was up 20.1% compared to the same quarter last year.
Shares of VF (NYSE VFC) opened at $73.57 on Wednesday. VF has a fifty-two week low of $51.22 and a fifty-two week high of $84.38. The firm has a market cap of $29,493.93, a price-to-earnings ratio of 24.23, a PEG ratio of 2.08 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.60 and a quick ratio of 0.98.
Institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in shares of VF by 35.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 39,974 shares of the textile maker’s stock valued at $2,959,000 after acquiring an additional 10,542 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of VF by 7.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 175,898 shares of the textile maker’s stock valued at $13,016,000 after acquiring an additional 12,756 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of VF in the fourth quarter valued at about $407,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of VF by 43.5% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 21,112 shares of the textile maker’s stock valued at $1,562,000 after acquiring an additional 6,400 shares in the last quarter. Finally, Slow Capital Inc. purchased a new stake in shares of VF in the fourth quarter valued at about $327,000. 85.22% of the stock is currently owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, March 8th. VF’s payout ratio is currently 121.86%.
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V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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