VF Corporation (NYSE:VFC) Receives $19.63 Consensus Target Price from Brokerages

VF Corporation (NYSE:VFC) has earned a consensus recommendation of “Hold” from the twenty ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $22.47.

A number of brokerages have recently issued reports on VFC. Wells Fargo & Company increased their price objective on shares of VF from $17.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on shares of VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday. Jefferies Financial Group upped their price objective on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday. UBS Group lifted their price objective on VF from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Stifel Nicolaus raised their target price on VF from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, October 14th.

Institutional Trading of VF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CKW Financial Group boosted its position in shares of VF by 29.4% during the fourth 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 during the last quarter. TB Alternative Assets Ltd. purchased a new position in VF during the 4th quarter worth $1,878,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,008 shares in the last quarter. Fiduciary Alliance LLC raised its holdings 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 last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in VF by 1.8% during the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after purchasing an additional 65,919 shares during the last quarter. 86.84% of the stock is owned by institutional investors.

VF Stock Down 3.5 %

VFC stock opened at $25.99 on Monday. The company has a 50 day moving average of $22.28 and a two-hundred day moving average of $19.70. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. VF has a 12-month low of $11.00 and a 12-month high of $29.02. The company has a market cap of $10.12 billion, a price-to-earnings ratio of -21.84, a PEG ratio of 10.01 and a beta of 1.45.

VF (NYSE:VFC) last posted its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 15.35%. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, equities analysts anticipate that VF will post 0.48 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a $0.09 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.36 annualized dividend and a yield of 1.39%. VF’s payout ratio is -30.25%.

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.