Brokerages Set V.F. Corporation (NYSE:VFC) PT at $17.42

V.F. Corporation (NYSE:VFCGet Free Report) has received a consensus recommendation of “Hold” from the twenty-one research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $17.4167.

VFC has been the subject of several recent research reports. Stifel Nicolaus reduced their price objective on V.F. from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of V.F. in a report on Tuesday, September 1st. Needham & Company LLC dropped their price objective on shares of V.F. from $25.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. BTIG Research reaffirmed a “buy” rating on shares of V.F. in a research note on Friday, July 24th. Finally, Wall Street Zen cut shares of V.F. from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th.

Get Our Latest Analysis on V.F.

V.F. Price Performance

NYSE:VFC opened at $13.49 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 1.70. V.F. has a 52 week low of $12.45 and a 52 week high of $22.27. The stock’s 50-day moving average price is $14.49 and its 200-day moving average price is $16.39. The stock has a market capitalization of $5.30 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 0.72 and a beta of 1.57.

V.F. (NYSE:VFCGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). V.F. had a net margin of 2.88% and a return on equity of 18.91%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm earned ($0.24) earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts expect that V.F. will post 1.08 EPS for the current fiscal year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 10th. V.F.’s dividend payout ratio is 52.17%.

Insiders Place Their Bets

In related news, insider Bracken Darrell bought 32,894 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were bought at an average price of $14.98 per share, with a total value of $492,752.12. Following the completion of the transaction, the insider directly owned 1,402,109 shares of the company’s stock, valued at $21,003,592.82. This represents a 2.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Carucci purchased 20,000 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were bought at an average price of $14.73 per share, with a total value of $294,600.00. Following the completion of the transaction, the director owned 356,215 shares of the company’s stock, valued at approximately $5,247,046.95. The trade was a 5.95% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On V.F.

A number of hedge funds have recently made changes to their positions in VFC. Bank of New York Mellon Corp purchased a new stake in V.F. in the second quarter valued at approximately $42,038,000. Squarepoint Ops LLC grew its stake in shares of V.F. by 298.1% in the second quarter. Squarepoint Ops LLC now owns 1,782,904 shares of the textile maker’s stock valued at $29,739,000 after buying an additional 1,335,057 shares in the last quarter. Varenne Capital Partners acquired a new stake in shares of V.F. in the second quarter valued at $13,671,000. Madison Asset Management LLC purchased a new stake in shares of V.F. in the 2nd quarter valued at $3,913,000. Finally, Hillsdale Investment Management Inc. acquired a new position in V.F. during the 1st quarter worth about $3,209,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

V.F. Company Profile

(Get Free Report)

V.F. Corporation, also known as VF Corporation, is a global apparel, footwear and accessories company. Its portfolio includes recognized outdoor, active, workwear and lifestyle brands such as The North Face, Vans, Timberland, Dickies, JanSport and Eastpak.

The company develops, markets and distributes products including jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear. Its brands serve consumers through wholesale partners, company-operated and franchised stores, and e-commerce platforms.

Founded in 1899 as the Reading Glove and Mitten Company, the business later adopted the name Vanity Fair Mills and became VF Corporation.

Further Reading

Analyst Recommendations for V.F. (NYSE:VFC)

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