VF Corporation (NYSE:VFC) Receives $16.19 Average PT from Analysts

VF Corporation (NYSE:VFC) has earned a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $16.41.

VFC has been the topic of several research reports. Robert W. Baird lifted their price target on VF from $13.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. BMO Capital Markets upped their target price on shares of VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Jefferies Financial Group assumed coverage on shares of VF in a report on Friday. They issued a “hold” rating and a $20.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on shares of VF from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, September 6th.

VF Trading Up 1.7 %

NYSE:VFC opened at $19.57 on Tuesday. The company has a 50-day moving average price of $17.51 and a 200-day moving average price of $14.88. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of -7.83, a P/E/G ratio of 2.15 and a beta of 1.53. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. VF has a 12 month low of $11.00 and a 12 month high of $20.69.

VF (NYSE:VFC) last issued its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.04. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business posted ($0.15) earnings per share. VF’s quarterly revenue was down 8.9% compared to the same quarter last year. Equities analysts predict that VF will post 0.72 EPS for the current year.

VF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Tuesday, September 10th. VF’s payout ratio is presently -14.40%.

Insider Activity

In other VF news, Director Richard Carucci acquired 15,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now directly owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On VF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mather Group LLC. purchased a new stake in VF in the first quarter worth about $27,000. Future Financial Wealth Managment LLC bought a new stake in VF during the 1st quarter worth approximately $31,000. Bank & Trust Co purchased a new position in VF during the second quarter valued at approximately $35,000. Versant Capital Management Inc boosted its position in shares of VF by 6,981.1% in the second quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after purchasing an additional 2,583 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of VF in the first quarter worth $39,000. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

About VF

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.