VF (VFC) Issues FY 2019 Earnings Guidance
VF (NYSE:VFC) updated its FY 2019 earnings guidance on Friday. The company provided EPS guidance of $3.65-3.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.65. The company issued revenue guidance of $13.7-13.7 billion, compared to the consensus revenue estimate of $13.71 billion.VF also updated its FY19 guidance to $3.65 EPS.
A number of research firms recently weighed in on VFC. Royal Bank of Canada reaffirmed a buy rating and set a $105.00 target price on shares of VF in a report on Thursday, July 26th. Stifel Nicolaus upped their target price on shares of VF from $100.00 to $105.00 and gave the stock a buy rating in a report on Monday, July 23rd. Piper Jaffray Companies reaffirmed a buy rating and set a $103.00 target price on shares of VF in a report on Monday, July 23rd. Canaccord Genuity set a $108.00 target price on shares of VF and gave the stock a buy rating in a report on Monday, July 23rd. Finally, Telsey Advisory Group upped their target price on shares of VF from $86.00 to $107.00 and gave the stock an outperform rating in a report on Monday, July 23rd. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $95.00.
Shares of NYSE:VFC traded down $6.47 during trading on Friday, reaching $80.62. The company had a trading volume of 98,174 shares, compared to its average volume of 2,496,771. The firm has a market capitalization of $35.40 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 2.32 and a beta of 0.96. VF has a 12 month low of $64.81 and a 12 month high of $97.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 0.78.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 10th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.53%. This is a positive change from VF’s previous quarterly dividend of $0.46. VF’s dividend payout ratio (DPR) is currently 61.74%.
In related news, VP Bryan H. Mcneill sold 25,232 shares of the stock in a transaction on Monday, August 20th. The shares were sold at an average price of $92.45, for a total transaction of $2,332,698.40. Following the transaction, the vice president now owns 5,122 shares of the company’s stock, valued at approximately $473,528.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Laura C. Meagher sold 69,357 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $93.05, for a total transaction of $6,453,668.85. Following the transaction, the insider now directly owns 36,369 shares in the company, valued at approximately $3,384,135.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,533 shares of company stock worth $11,932,040. 1.72% of the stock is owned by insiders.
VF 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 & Action Sports, Jeanswear, Imagewear, and Other.
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