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

VF Corporation (NYSE:VFC) has received a consensus recommendation of “Hold” from the twenty-one ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $22.90.

VFC has been the topic of several recent research reports. UBS Group lifted their price target on shares of VF from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Telsey Advisory Group restated a “market perform” rating and issued a $27.00 target price on shares of VF in a report on Friday, March 7th. Robert W. Baird upped their target price on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price target on shares of VF in a research note on Friday, March 7th. Finally, Jefferies Financial Group upped their price objective on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th.

VF Price Performance

Shares of NYSE:VFC opened at $16.37 on Tuesday. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of -13.76, a PEG ratio of 6.77 and a beta of 1.46. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. VF has a 12 month low of $11.00 and a 12 month high of $29.02. The stock’s 50 day moving average price is $23.46 and its 200 day moving average price is $21.19.

VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping 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 period in the prior year, the firm posted $0.57 EPS. Equities research analysts anticipate that VF will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.20%. VF’s dividend payout ratio (DPR) is currently -30.25%.

Hedge Funds Weigh In On VF

A number of hedge funds have recently added to or reduced their stakes in the company. CKW Financial Group lifted its stake in VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of 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 valued at $129,000 after buying an additional 3,008 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of VF during the 4th quarter worth approximately $1,878,000. Fiduciary Alliance LLC increased its holdings in 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 buying an additional 16,431 shares during the period. Finally, Segall Bryant & Hamill LLC raised its stake in shares of VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after buying an additional 65,919 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Company Profile

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.