VF Corp (VFC) Releases Earnings Results, Beats Expectations By $0.03 EPS

VF Corp (VFC) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.61 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.58. The company posted revenue of $2839.30 million in the period, compared to analysts expectations of $2831.27 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on VF Corp. VF Corp was Downgraded by BB&T Capital Mkts to ” Hold” on Apr 25, 2016. Shares were Reiterated by Telsey Advisory Group on Feb 22, 2016 to “Outperform” and Lowered the Price Target to $ 70 from a previous price target of $75 .Shares were Reiterated by Canaccord Genuity on Feb 22, 2016 to “Buy” and Lowered the Price Target to $ 82 from a previous price target of $83 .

VF Corp closed down -0.12 points or -0.19% at $63.95 with 23,45,689 shares getting traded on Wednesday. Post opening the session at $64.14, the shares hit an intraday low of $63.56 and an intraday high of $64.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 8, 2016, Eric C Wiseman (Chairman & CEO) sold 99,666 shares at $65.77 per share price. According to the SEC, on Mar 3, 2016, Steven E Rendle (President & COO) sold 53,800 shares at $66.13 per share price. On Mar 2, 2016, Scott A. Roe (VP & CFO) sold 6,512 shares at $65.48 per share price, according to the Form-4 filing with the securities and exchange commission.

V.F. Corporation (VF) is engaged in the design manufacturing marketing and distribution of branded lifestyle apparel footwear and accessories. The Company operates through five coalitions: Outdoor & Action Sports Jeanswear Imagewear Sportswear and Contemporary Brands. The Company owns a portfolio of brands in the outerwear footwear denim backpack luggage accessory sportswear occupational and performance apparel categories. The Company’s brands primarily include The North Face Vans Timberland Wrangler Lee and Nautica. The Company’s products are marketed to consumers shopping in specialty stores upscale and traditional department stores national chains mass merchants and its own direct-to-consumer operations. Its direct-to-consumer business includes VF-operated stores concession retail stores and e-commerce sites. The Company’s brands sell products in international markets through licensees distributors and independently-operated partnership stores.

VF Corp

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