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

Shares of VF Corporation (NYSE:VFC) have been given an average rating of “Hold” by the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $18.19.

Several research analysts have weighed in on VFC shares. StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Wedbush reissued a “neutral” rating and issued a $13.00 price objective on shares of VF in a research note on Monday, August 5th. Evercore ISI raised their target price on shares of VF from $14.00 to $16.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group assumed coverage on shares of VF in a research note on Friday, October 11th. They set a “neutral” rating and a $20.00 price target on the stock. Finally, Argus raised shares of VF to a “hold” rating in a report on Wednesday, August 28th.

Insider Buying and Selling

In other news, Director Richard Carucci bought 15,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were bought at an average cost of $16.70 per share, with a total value of $250,500.00. Following the purchase, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On VF

A number of large investors have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC bought a new stake in shares of VF in the third quarter valued at approximately $40,000. Bank & Trust Co acquired 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% in the second quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 2,583 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in VF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 895 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in VF in the second quarter worth $44,000. Institutional investors own 86.84% of the company’s stock.

VF Stock Performance

Shares of VF stock opened at $20.25 on Wednesday. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of -11.71, a PEG ratio of 7.99 and a beta of 1.52. The firm’s fifty day simple moving average is $19.26 and its 200-day simple moving average is $16.19. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. VF has a 12 month low of $11.00 and a 12 month high of $23.09.

VF (NYSE:VFC) last announced its earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the company earned $0.63 earnings per share. The business’s revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts forecast that VF will post 0.49 earnings per share for the current year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, December 10th. VF’s 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.