VF (NYSE:VFC) Announces Quarterly Earnings Results
VF (NYSE:VFC) announced its earnings results on Friday, February 16th. The textile maker reported $1.01 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.01), Bloomberg Earnings reports. VF had a net margin of 5.08% and a return on equity of 31.49%. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the prior year, the company posted $0.97 earnings per share. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. VF updated its Q1 guidance to $0.65 EPS.
VF (VFC) opened at $73.21 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.60. VF has a 12-month low of $51.22 and a 12-month high of $84.38. The firm has a market cap of $29,192.45, a price-to-earnings ratio of 48.48, a P/E/G ratio of 2.11 and a beta of 0.95.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.51%. VF’s dividend payout ratio is 121.86%.
Several large investors have recently modified their holdings of VFC. Cerebellum GP LLC bought a new position in VF during the fourth quarter valued at $131,000. Carroll Financial Associates Inc. lifted its position in VF by 368.3% during the fourth quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock valued at $151,000 after purchasing an additional 1,613 shares during the last quarter. IFG Advisory LLC bought a new position in VF during the fourth quarter valued at $774,000. Alps Advisors Inc. bought a new position in VF during the fourth quarter valued at $205,000. Finally, Mission Wealth Management LP bought a new position in VF during the fourth quarter valued at $207,000. Hedge funds and other institutional investors own 85.49% of the company’s stock.
VF Company Profile
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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