V.F. Corporation (NYSE:VFC) Plans Quarterly Dividend of $0.09

V.F. Corporation (NYSE:VFCGet Free Report) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Thursday, September 10th will be given a dividend of 0.09 per share by the textile maker on Thursday, September 17th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 10th.

V.F. has decreased its dividend by an average of 0.3%per year over the last three years. V.F. has a payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Analysts expect V.F. to earn $1.37 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 26.3%.

V.F. Trading Down 17.5%

VFC stock opened at $15.05 on Thursday. V.F. has a 52 week low of $11.10 and a 52 week high of $22.27. The company has a market capitalization of $5.90 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 1.27 and a beta of 1.56. The company’s 50-day simple moving average is $16.89 and its 200 day simple moving average is $18.08. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.21 and a current ratio of 1.84.

V.F. (NYSE:VFCGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. V.F. had a return on equity of 21.05% and a net margin of 2.65%.V.F.’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.24) EPS. As a group, sell-side analysts anticipate that V.F. will post 1.09 earnings per share for the current year.

Analysts Set New Price Targets

VFC has been the topic of several analyst reports. Weiss Ratings lowered V.F. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Williams Trading set a $19.00 price objective on shares of V.F. in a research report on Sunday, May 17th. Wall Street Zen downgraded shares of V.F. from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Truist Financial decreased their target price on shares of V.F. from $18.00 to $15.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Finally, Wells Fargo & Company dropped their target price on shares of V.F. from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, V.F. presently has an average rating of “Hold” and a consensus target price of $18.42.

Check Out Our Latest Report on V.F.

About V.F.

(Get Free Report)

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.

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Dividend History for V.F. (NYSE:VFC)

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