VF Corporation (NYSE:VFC) Given Average Recommendation of “Hold” by Analysts

VF Corporation (NYSE:VFC) has been assigned a consensus rating of “Hold” from the twenty-one analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.35.

A number of research firms recently weighed in on VFC. Needham & Company LLC restated a “buy” rating and issued a $28.00 target price on shares of VF in a research report on Friday, March 7th. Jefferies Financial Group boosted their price objective on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. UBS Group increased their target price on shares of VF from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Wells Fargo & Company lowered their price target on shares of VF from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, March 7th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 price objective on shares of VF in a research note on Friday, March 7th.

VF Stock Performance

VF stock opened at $11.11 on Friday. VF has a fifty-two week low of $9.41 and a fifty-two week high of $29.02. The firm’s fifty day moving average price is $19.19 and its 200-day moving average price is $20.55. The stock has a market cap of $4.33 billion, a P/E ratio of -9.33, a price-to-earnings-growth ratio of 6.77 and a beta of 1.57. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56.

VF (NYSE:VFC) last released its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same quarter in the prior year, the business earned $0.57 EPS. On average, equities research analysts expect that VF will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Monday, March 10th. VF’s payout ratio is currently -30.25%.

Institutional Trading of VF

Several large investors have recently bought and sold shares of the company. Fiduciary Alliance LLC lifted its stake in shares of VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after purchasing an additional 16,431 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares in the last quarter. TB Alternative Assets Ltd. purchased a new position in VF during the fourth quarter valued at $1,878,000. CKW Financial Group lifted its position in VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of VF by 5.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock valued at $83,153,000 after buying an additional 211,440 shares in the last quarter. 86.84% of the stock is owned by institutional investors.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.