$2.51 Billion in Sales Expected for V.F. Co. (NYSE:VFC) This Quarter


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Brokerages expect V.F. Co. (NYSE:VFC) to report $2.51 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for V.F.’s earnings. The lowest sales estimate is $2.49 billion and the highest is $2.54 billion. V.F. reported sales of $2.10 billion during the same quarter last year, which would suggest a positive year over year growth rate of 19.5%. The business is expected to report its next earnings report before the market opens on Friday, May 21st.

On average, analysts expect that V.F. will report full year sales of $9.17 billion for the current fiscal year, with estimates ranging from $9.15 billion to $9.19 billion. For the next year, analysts forecast that the firm will post sales of $11.43 billion, with estimates ranging from $11.23 billion to $11.75 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for V.F..

VFC has been the topic of several recent analyst reports. Cowen lifted their target price on shares of V.F. from $91.00 to $99.00 and gave the stock an “outperform” rating in a research report on Monday, January 25th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft lowered their price target on shares of V.F. from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Thursday, January 28th. JPMorgan Chase & Co. lifted their price target on shares of V.F. from $88.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, January 7th. Pivotal Research raised shares of V.F. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $86.00 to $94.00 in a report on Monday, March 15th. Finally, Piper Sandler raised shares of V.F. from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $73.00 to $106.00 in a report on Monday, January 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $89.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of V.F. by 213.3% during the 4th quarter. Northern Trust Corp now owns 17,002,485 shares of the textile maker’s stock valued at $1,452,183,000 after purchasing an additional 11,575,693 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of V.F. by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,830,572 shares of the textile maker’s stock valued at $754,215,000 after purchasing an additional 187,689 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of V.F. by 37.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,584,584 shares of the textile maker’s stock valued at $647,799,000 after purchasing an additional 2,077,099 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of V.F. by 13.9% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 5,157,146 shares of the textile maker’s stock valued at $412,159,000 after purchasing an additional 630,427 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of V.F. by 8.8% during the 4th quarter. Bank of New York Mellon Corp now owns 5,155,798 shares of the textile maker’s stock valued at $440,357,000 after purchasing an additional 417,411 shares in the last quarter. Hedge funds and other institutional investors own 87.74% of the company’s stock.

Shares of V.F. stock traded up $0.22 during mid-day trading on Thursday, hitting $90.05. 2,465,478 shares of the stock were exchanged, compared to its average volume of 2,483,372. V.F. has a 12 month low of $50.72 and a 12 month high of $90.79. The company has a 50-day simple moving average of $83.12 and a 200 day simple moving average of $81.77. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.52 and a current ratio of 3.20. The company has a market capitalization of $35.28 billion, a P/E ratio of -692.69, a P/E/G ratio of 5.17 and a beta of 1.30.

V.F. Company Profile

V.F. Corporation engages in the design, production, 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 four segments: Outdoor, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; and work and work-inspired lifestyle apparel and footwear.

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

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