V.F. (NYSE:VFC) Issues Earnings Results

V.F. (NYSE:VFC) released its quarterly earnings data on Wednesday. The textile maker reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.05), FiscalAI reports. V.F. had a net margin of 2.65% and a return on equity of 21.05%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company posted ($0.24) earnings per share. The company’s revenue for the quarter was down 5.2% on a year-over-year basis.

Here are the key takeaways from V.F.’s conference call:

• V.F. raised its fiscal 2027 revenue outlook to growth of 2% or better, up from the prior 1%–2% forecast, after first-quarter revenue and operating performance exceeded expectations.
• The North Face and Timberland delivered growth of 4% and 3%, respectively, while V.F. cited strong demand for outerwear, footwear, Timberland’s premium boot, and emerging brand Altra.
• Vans revenue fell 9% globally, with wholesale remaining particularly weak. Management expects a similar decline in the second quarter, although it projects a substantially improved second half as new products reach wholesale partners.
• The company continued to strengthen its balance sheet, reducing net debt by $1.1 billion, or 20%, year over year; inventory declined 4% excluding Dickies and foreign exchange, while first-quarter free cash flow improved by approximately $75 million.
• CFO Paul Vogel is stepping down and COO Abhishek Dalmia will assume a combined CFO/COO role. Management characterized the transition as planned and reaffirmed its medium-term targets, including an operating-margin exit rate of at least 10% and leverage of 2.5 times or better.

V.F. Trading Down 18.1%

NYSE:VFC traded down $3.31 during trading hours on Wednesday, hitting $14.94. 14,968,642 shares of the stock were exchanged, compared to its average volume of 7,148,561. The company has a market capitalization of $5.86 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 1.20 and a beta of 1.56. The company has a quick ratio of 1.21, a current ratio of 1.84 and a debt-to-equity ratio of 1.90. The company’s 50 day moving average is $16.91 and its two-hundred day moving average is $18.11. V.F. has a twelve month low of $11.10 and a twelve month high of $22.27.

V.F. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Wednesday, June 10th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, June 10th. V.F.’s payout ratio is 56.25%.

Insider Activity at V.F.

In other news, Director Richard Carucci bought 30,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was bought at an average cost of $17.17 per share, with a total value of $515,100.00. Following the purchase, the director owned 336,043 shares of the company’s stock, valued at approximately $5,769,858.31. This represents a 9.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On V.F.

Several hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its position in V.F. by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 540,861 shares of the textile maker’s stock worth $9,779,000 after purchasing an additional 4,249 shares during the period. Russell Investments Group Ltd. raised its holdings in V.F. by 1.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 578,767 shares of the textile maker’s stock worth $8,352,000 after purchasing an additional 10,881 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in V.F. by 28.0% during the 4th quarter. Captrust Financial Advisors now owns 90,873 shares of the textile maker’s stock valued at $1,643,000 after purchasing an additional 19,880 shares during the period. Institutional investors own 86.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group lowered their price target on V.F. from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Barclays dropped their target price on shares of V.F. from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Citigroup assumed coverage on shares of V.F. in a report on Thursday, May 21st. They set a “neutral” rating and a $18.00 price target for the company. Wall Street Zen cut shares of V.F. from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Evercore set a $18.00 price objective on shares of V.F. in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, V.F. currently has an average rating of “Hold” and an average price target of $18.58.

Key Stories Impacting V.F.

Here are the key news stories impacting V.F. this week:

• Positive Sentiment: V.F. appointed Abhishek Dalmia as executive vice president and chief financial officer. The company also indicated that its fiscal-year outlook is improving, which may support efforts to stabilize operations and reduce investor concerns. VF Names New CFO as Q1 Outlook Improves
• Positive Sentiment: Needham & Company retained a Buy rating, although it lowered its price target to $21 from $25. The revised target still suggests substantial potential upside from recent trading levels, signaling that the analyst expects the turnaround to continue. Needham Lowers V.F. Price Target
• Neutral Sentiment: Revenue of $1.67 billion exceeded the $1.64 billion consensus estimate, offering some evidence that demand was better than expected despite broader weakness.
• Negative Sentiment: V.F. reported a fiscal first-quarter loss of $0.27 per share, worse than the expected loss of $0.22 and the $0.24 loss recorded a year earlier. Revenue also fell 5.2% year over year, highlighting continued pressure on the apparel business. V.F. Reports Q1 Loss, Misses Revenue Estimates
• Negative Sentiment: Unusually heavy put-option activity accompanied the decline, with investors purchasing approximately 33,220 puts—about 285% above average volume—indicating elevated hedging or bearish speculation.

V.F. Company Profile

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.