VF Corporation (NYSE:VFC) Given Consensus Rating of “Hold” by Brokerages

VF Corporation (NYSE:VFC) has been given an average rating of “Hold” by the eighteen research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $18.19.

VFC has been the topic of several analyst reports. Citigroup lifted their price target on VF from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Wedbush reaffirmed a “neutral” rating and issued a $13.00 target price on shares of VF in a research report on Monday, August 5th. Jefferies Financial Group initiated coverage on VF in a research report on Friday, September 27th. They issued a “hold” rating and a $20.00 target price for the company. BMO Capital Markets boosted their price objective on VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Finally, UBS Group boosted their price objective on VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th.

Insider Buying and Selling at VF

In other news, Director Richard Carucci acquired 15,000 shares of VF stock in a transaction on Thursday, August 22nd. The stock was bought at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the purchase, the director now owns 230,178 shares in the company, valued at $3,843,972.60. This represents a 6.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On VF

Large investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new stake in shares of VF during the third quarter worth approximately $40,000. Bank & Trust Co purchased a new stake in shares of VF during the second quarter worth approximately $35,000. Versant Capital Management Inc raised its stake in shares of VF by 6,981.1% during the second quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after purchasing an additional 2,583 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of VF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock worth $41,000 after purchasing an additional 895 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of VF during the second quarter worth approximately $44,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

VF Price Performance

VF stock opened at $20.16 on Wednesday. The company’s fifty day moving average price is $19.42 and its 200 day moving average price is $16.40. VF has a 1 year low of $11.00 and a 1 year high of $23.09. The stock has a market capitalization of $7.85 billion, a P/E ratio of -11.65, a P/E/G ratio of 7.69 and a beta of 1.52. 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 (NYSE:VFC) last announced its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. As a group, equities research analysts anticipate that VF will post 0.49 earnings per share for the current fiscal year.

VF Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, December 10th. VF’s dividend payout ratio is currently -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.