V.F. (NYSE:VFC) Posts Earnings Results, Misses Expectations By $0.34 EPS

V.F. (NYSE:VFC - Get Free Report) posted its quarterly earnings data on Wednesday. The textile maker reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.34), Briefing.com reports. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.42 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The firm's revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS.

V.F. Stock Performance

Shares of VFC traded down $0.11 during mid-day trading on Wednesday, hitting $12.35. 18,672,276 shares of the company's stock were exchanged, compared to its average volume of 8,691,938. The firm has a market capitalization of $4.80 billion, a P/E ratio of -6.27, a P/E/G ratio of 1.39 and a beta of 1.49. V.F. has a fifty-two week low of $11.91 and a fifty-two week high of $21.17. The business's 50 day moving average is $13.34 and its two-hundred day moving average is $15.67. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25.

Analysts Set New Price Targets

A number of equities analysts recently commented on VFC shares. Telsey Advisory Group lowered 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 note on Friday, May 17th. Williams Trading reiterated a "sell" rating on shares of V.F. in a research note on Thursday, January 25th. The Goldman Sachs Group lowered 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 note on Friday, April 26th. BNP Paribas reiterated a "neutral" rating and set a $14.00 target price (down previously from $18.00) on shares of V.F. in a research note on Friday, April 12th. Finally, Wedbush decreased their price objective on shares of V.F. from $15.50 to $13.00 and set a "neutral" rating for the company in a research note on Tuesday. 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 MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $17.16.

About V.F.

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.