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

V.F. (NYSE:VFC) issued its earnings results on Wednesday. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34), Briefing.com reports. The firm 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 for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS.

V.F. Stock Down 0.9 %

VFC stock traded down $0.11 during trading on Wednesday, reaching $12.35. 18,672,276 shares of the stock were exchanged, compared to its average volume of 8,691,938. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. The firm’s 50 day moving average is $13.34 and its 200 day moving average is $15.67. The firm has a market cap of $4.80 billion, a P/E ratio of -6.27, a price-to-earnings-growth ratio of 1.39 and a beta of 1.49. V.F. has a twelve month low of $11.91 and a twelve month high of $21.17.

Analysts Set New Price Targets

Several research firms recently issued reports on VFC. Wedbush dropped their price target on V.F. from $15.50 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. decreased their price target on V.F. from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, April 8th. StockNews.com raised V.F. from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus reissued a “buy” rating and issued a $22.00 price objective on shares of V.F. in a research note on Tuesday, April 9th. Finally, The Goldman Sachs Group cut their price target on V.F. from $14.00 to $12.50 and set a “neutral” rating for the company in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, V.F. has a consensus rating of “Hold” and an average 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.