V.F. (VFC) Reports Q4 Loss, Misses Revenue Estimates
V.F. (VFC) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.17 per share a year ago.
North Face owner VF Corp misses quarterly revenue estimates, posts loss as demand sags
VF Corp posted a fourth-quarter loss and reported revenue below analysts' estimates on Wednesday as sales declined across its brands, reflecting choppy demand for its apparel and footwear amid strained consumer spending.
V.F. Co. (NYSE:VFC) Shares Sold by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC trimmed its holdings in V.F. Co. (NYSE:VFC – Free Report) by 33.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 457,193 shares of the textile maker’s stock after selling 232,097 shares during the period. Janney Montgomery Scott LLC owned 0.12% of V.F. worth $8,595,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of V.F. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after acquiring an additional 475,239 shares during the last quarter. Northern Trust Corp boosted its position in shares of V.F. by 1.1% during the third quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock worth $419,817,000 after buying an additional 257,992 shares during the period. M&G Investment Management Ltd. grew its stake in shares of V.F. by 19.4% in the fourth quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock valued at $235,850,000 after buying an additional 2,016,470 shares in the last quarter. Guinness Asset Management LTD raised its holdings in shares of V.F. by 2.8% in the 3rd quarter. Guinness Asset Management LTD now owns 7,670,947 shares of the textile maker’s stock valued at $135,306,000 after buying an additional 207,783 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in V.F. by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,265,581 shares of the textile maker’s stock worth $61,393,000 after acquiring an additional 166,769 shares in the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors. V.F. Stock Down 2.1 % VFC opened at $12.76 on Monday. The business has a 50 day moving average price of $13.54 and a two-hundred day moving average price of $15.74. V.F. Co. has a 52 week low of $11.91 and a 52 week high of $21.17. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 2.25. Wall Street Analysts Forecast Growth VFC has been the topic of several research reports. UBS Group reduced their price target on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, February 5th. Telsey Advisory Group dropped their price objective on shares of V.F. from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, April 9th. JPMorgan Chase & Co. dropped their target price on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, April 8th. Finally, BNP Paribas reaffirmed a “neutral” rating and set a $14.00 price target (down from $18.00) on shares of V.F. in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, V.F. currently has a consensus rating of “Hold” and a consensus price target of $17.31. Read Our Latest Report on V.F. V.F. Profile (Free Report) 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.
Natixis Advisors L.P. Buys 2,732 Shares of V.F. Co. (NYSE:VFC)
Natixis Advisors L.P. lifted its position in V.F. Co. (NYSE:VFC – Free Report) by 16.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,165 shares of the textile maker’s stock after purchasing an additional 2,732 shares during the period. Natixis Advisors L.P.’s holdings in V.F. were worth $360,000 as of its most recent SEC filing. Several other hedge funds also recently made changes to their positions in the company. Wolff Wiese Magana LLC grew its holdings in V.F. by 2,835.6% in the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,276 shares during the last quarter. Allworth Financial LP grew its stake in shares of V.F. by 111.5% in the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after purchasing an additional 958 shares during the last quarter. CVA Family Office LLC purchased a new position in V.F. during the 4th quarter valued at about $39,000. ORG Partners LLC bought a new position in V.F. during the 4th quarter valued at approximately $40,000. Finally, Covestor Ltd lifted its holdings in V.F. by 335.8% in the 3rd quarter. Covestor Ltd now owns 2,384 shares of the textile maker’s stock worth $42,000 after buying an additional 1,837 shares during the period. 86.84% of the stock is owned by hedge funds and other institutional investors. V.F. Stock Performance Shares of V.F. stock opened at $12.76 on Monday. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of -6.48, a PEG ratio of 1.40 and a beta of 1.49. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70. V.F. Co. has a 1 year low of $11.91 and a 1 year high of $21.17. The firm’s 50-day moving average is $13.54 and its 200 day moving average is $15.74. Analysts Set New Price Targets A number of brokerages recently commented on VFC. UBS Group decreased their target price on V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, February 5th. BNP Paribas reaffirmed a “neutral” rating and issued a $14.00 target price (down from $18.00) on shares of V.F. in a research report on Friday, April 12th. The Goldman Sachs Group reduced their price target on shares of V.F. from $14.00 to $12.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Telsey Advisory Group lowered their price objective on shares of V.F. from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Friday. Finally, Wedbush reduced their target price on V.F. from $16.50 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.31. Check Out Our Latest Stock Analysis on V.F. About V.F. (Free Report) 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.
Here's How V.F. Corp (VFC) Looks Just Ahead of Q4 Earnings
V.F. Corp's (VFC) fourth-quarter fiscal 2024 results are likely to reflect the impacts of a tough operating environment and a dismal wholesale performance.
Seeking Clues to V.F. (VFC) Q4 Earnings?
Beyond analysts' top -and-bottom-line estimates for V.F. (VFC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
