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 eighteen ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.19.

Several equities research analysts have recently issued reports on VFC shares. UBS Group raised their target price on VF from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Wells Fargo & Company lifted their price objective on shares of VF from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. Citigroup raised shares of VF from a “neutral” rating to a “buy” rating and increased their target price for the company from $11.00 to $20.00 in a research report on Thursday, July 18th. Barclays upgraded VF from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $22.00 in a research note on Wednesday, September 18th. Finally, Evercore ISI boosted their target price on VF from $14.00 to $16.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th.

Insider Transactions at VF

In other VF news, Director Richard Carucci bought 15,000 shares of VF stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the transaction, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On VF

A number of institutional investors have recently made changes to their positions in VFC. Dimensional Fund Advisors LP increased its stake in VF by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,241,702 shares of the textile maker’s stock valued at $60,951,000 after acquiring an additional 590,434 shares during the last quarter. Norges Bank bought a new stake in VF in the 4th quarter worth approximately $76,059,000. Neuberger Berman Group LLC boosted its stake in VF by 35.6% in the fourth quarter. Neuberger Berman Group LLC now owns 62,419 shares of the textile maker’s stock worth $1,173,000 after buying an additional 16,372 shares in the last quarter. Intech Investment Management LLC bought a new position in VF during the fourth quarter valued at approximately $1,518,000. Finally, TD Asset Management Inc lifted its holdings in shares of VF by 4.9% in the 4th quarter. TD Asset Management Inc now owns 98,232 shares of the textile maker’s stock worth $1,847,000 after acquiring an additional 4,611 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

VF Stock Performance

Shares of VFC opened at $18.35 on Tuesday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. The stock has a 50 day moving average price of $17.25 and a two-hundred day moving average price of $14.78. VF has a 52 week low of $11.00 and a 52 week high of $20.69. The firm has a market capitalization of $7.14 billion, a P/E ratio of -7.34, a P/E/G ratio of 2.05 and a beta of 1.53.

VF (NYSE:VFC) last posted its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.15) EPS. Equities analysts forecast that VF will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Tuesday, September 10th. VF’s payout ratio is -14.40%.

VF Company Profile

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.