VF Corporation Declares Quarterly Dividend of $0.09 (NYSE:VFC)

VF Corporation (NYSE:VFC) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.09 per share by the textile maker on Thursday, March 20th. This represents a $0.36 annualized dividend and a dividend yield of 1.26%.

VF has decreased its dividend by an average of 43.3% annually over the last three years. VF has a dividend payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect VF to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 40.0%.

VF Stock Up 7.2 %

Shares of VF stock opened at $28.50 on Wednesday. VF has a one year low of $11.00 and a one year high of $29.02. The firm has a fifty day moving average of $21.98 and a two-hundred day moving average of $19.61. The company has a market cap of $11.10 billion, a P/E ratio of -16.53, a PEG ratio of 9.74 and a beta of 1.45. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30.

VF (NYSE:VFC) last issued its earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same quarter last year, the company posted $0.57 EPS. On average, analysts forecast that VF will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

VFC has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of VF from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Argus upgraded VF from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, December 17th. The Goldman Sachs Group initiated coverage on shares of VF in a research report on Friday, October 11th. They issued a “neutral” rating and a $20.00 price objective on the stock. Jefferies Financial Group raised their target price on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Citigroup increased their price target on shares of VF from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.84.

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.