Research Analysts Set Expectations for V.F. Co.'s FY2024 Earnings (NYSE:VFC)

V.F. Co. (NYSE:VFC - Free Report) - Analysts at Wedbush cut their FY2024 earnings estimates for shares of V.F. in a note issued to investors on Tuesday, May 21st. Wedbush analyst T. Nikic now forecasts that the textile maker will post earnings of $0.98 per share for the year, down from their previous forecast of $1.02. Wedbush has a "Neutral" rating and a $13.00 price target on the stock. The consensus estimate for V.F.'s current full-year earnings is $1.07 per share. Wedbush also issued estimates for V.F.'s Q3 2025 earnings at $0.65 EPS.

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

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus reiterated a "buy" rating and set a $22.00 target price on shares of V.F. in a research report on Tuesday, April 9th. Telsey Advisory Group dropped their target price on shares of V.F. from $22.00 to $18.00 and set an "outperform" rating for the company in a research report on Friday, May 17th. The Goldman Sachs Group dropped their target price on shares of V.F. from $14.00 to $12.50 and set a "neutral" rating for the company in a research report on Friday, April 26th. BNP Paribas restated a "neutral" rating and issued a $14.00 price objective (down previously from $18.00) on shares of V.F. in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of V.F. from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $17.16.

V.F. Trading Down 0.9 %

Shares of V.F. stock traded down $0.11 on Wednesday, hitting $12.35. 18,672,276 shares of the company's stock traded hands, compared to its average volume of 8,691,938. The firm's 50-day moving average price is $13.34 and its two-hundred day moving average price is $15.67. The stock has a market capitalization of $4.80 billion, a PE ratio of -6.27, a price-to-earnings-growth ratio of 1.39 and a beta of 1.49. V.F. has a one year low of $11.91 and a one year high of $21.17. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70.

Institutional Investors Weigh In On V.F.

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC bought a new stake in shares of V.F. in the 1st quarter valued at about $1,089,000. B. Riley Wealth Advisors Inc. bought a new position in V.F. in the 1st quarter valued at about $161,000. Janus Henderson Group PLC lifted its position in V.F. by 322.9% during the first quarter. Janus Henderson Group PLC now owns 183,779 shares of the textile maker's stock worth $2,818,000 after acquiring an additional 140,323 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in V.F. by 0.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 442,206 shares of the textile maker's stock worth $6,784,000 after acquiring an additional 1,694 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its position in V.F. by 302.4% during the first quarter. Quadrature Capital Ltd now owns 181,655 shares of the textile maker's stock worth $2,787,000 after acquiring an additional 136,507 shares during the last quarter. 86.84% of the stock is owned by institutional investors.

V.F. Company Profile

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.