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

Shares of VF Corporation (NYSE:VFC) have earned an average rating of “Hold” from the nineteen ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.29.

VFC has been the topic of a number of research reports. Truist Financial started coverage on VF in a report on Thursday. They issued a “hold” rating and a $20.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of VF in a research note on Friday, September 27th. They issued a “hold” rating and a $20.00 price objective on the stock. Telsey Advisory Group lifted their target price on shares of VF from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of VF from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Argus raised VF to a “hold” rating in a research report on Wednesday, August 28th.

VF Trading Up 3.0 %

VF stock opened at $21.05 on Friday. VF has a 52 week low of $11.00 and a 52 week high of $23.09. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of -12.17, a P/E/G ratio of 7.93 and a beta of 1.49. The company has a 50 day moving average price of $19.94 and a 200 day moving average price of $17.16.

VF (NYSE:VFC) last issued its earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.41 by $0.19. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. VF’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. Research analysts forecast that VF will post 0.49 EPS for the current year.

VF Dividend Announcement

The business 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 $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.36 annualized dividend and a yield of 1.71%. VF’s dividend payout ratio (DPR) is currently -20.81%.

Institutional Trading of VF

Large investors have recently modified their holdings of the company. Cetera Advisors LLC bought a new stake in VF during the 1st quarter valued at approximately $317,000. Capital Investment Advisors LLC acquired a new stake in shares of VF in the second quarter worth $295,000. Sterling Group Wealth Management LLC bought a new position in VF during the second quarter worth $135,000. Sequoia Financial Advisors LLC acquired a new position in VF during the 2nd quarter valued at $174,000. Finally, M&G Plc boosted its holdings in VF by 10.0% in the 2nd quarter. M&G Plc now owns 14,729,396 shares of the textile maker’s stock valued at $206,212,000 after purchasing an additional 1,344,849 shares during the period. 86.84% of the stock is owned by institutional investors.

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.