Brokerages Set VF Corporation (NYSE:VFC) PT at $19.11

VF Corporation (NYSE:VFC) has been assigned an average rating of “Hold” from the twenty research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $19.11.

A number of brokerages have weighed in on VFC. Argus raised shares of VF from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, December 17th. Truist Financial assumed coverage on shares of VF in a research report on Thursday, December 5th. They issued a “hold” rating and a $20.00 price objective for the company. TD Cowen increased their price objective on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their target price on VF from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus raised their price target on VF from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, October 14th.

Institutional Investors Weigh In On VF

A number of large investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new stake in shares of VF during the 3rd quarter valued at approximately $40,000. Abich Financial Wealth Management LLC acquired a new position in shares of VF during the second quarter worth $60,000. Banque Cantonale Vaudoise lifted its stake in shares of VF by 113.3% in the 2nd quarter. Banque Cantonale Vaudoise now owns 6,860 shares of the textile maker’s stock valued at $93,000 after acquiring an additional 3,644 shares during the last quarter. Summit Financial LLC acquired a new stake in shares of VF during the 2nd quarter valued at $137,000. Finally, Legacy Financial Advisors Inc. bought a new stake in VF during the 2nd quarter worth $158,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Stock Performance

NYSE:VFC opened at $21.16 on Thursday. The firm’s 50-day moving average is $20.90 and its 200-day moving average is $18.32. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. VF has a 52-week low of $11.00 and a 52-week high of $23.49. The company has a market cap of $8.24 billion, a price-to-earnings ratio of -12.23, a PEG ratio of 8.19 and a beta of 1.45.

VF (NYSE:VFC) last posted its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.19. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the business posted $0.63 earnings per share. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities research analysts anticipate that VF will post 0.48 earnings per share for the current year.

VF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Tuesday, December 10th. VF’s dividend payout ratio (DPR) is presently -20.81%.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.