VF (NYSE:VFC) Receives “Neutral” Rating from Piper Sandler

Piper Sandler restated their neutral rating on shares of VF (NYSE:VFC) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $18.00 price objective on the textile maker’s stock.

A number of other equities research analysts have also weighed in on the company. UBS Group boosted their price target on VF from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Jefferies Financial Group boosted their target price on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Argus raised shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, December 17th. Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of VF in a report on Friday, March 7th. Finally, BMO Capital Markets upped their target price on VF from $14.00 to $25.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.67.

VF Stock Up 1.0 %

Shares of VF stock opened at $16.49 on Thursday. VF has a 52-week low of $11.00 and a 52-week high of $29.02. The firm’s 50 day moving average price is $22.48 and its 200-day moving average price is $21.05. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The company has a market cap of $6.42 billion, a P/E ratio of -13.85, a PEG ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (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 quarter in the prior year, the firm earned $0.57 EPS. On average, sell-side analysts predict that VF will post 0.73 EPS for the current fiscal year.

VF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.09 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.18%. VF’s dividend payout ratio (DPR) is currently -30.25%.

Institutional Investors Weigh In On VF

A number of institutional investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC increased its holdings in VF by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock worth $83,153,000 after acquiring an additional 211,440 shares in the last quarter. Fiduciary Alliance LLC grew its position in shares of VF by 6.8% in the fourth 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. TB Alternative Assets Ltd. purchased a new stake in shares of VF during the fourth quarter worth about $1,878,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of VF by 100.0% during the 4th 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 during the last quarter. Finally, CKW Financial Group lifted its stake in VF by 29.4% in the 4th 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 in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.