VF Corp Given Average Recommendation of “Buy” by Analysts (NYSE:VFC)
Shares of VF Corp (NYSE:VFC) have been given an average recommendation of “Buy” by the twenty-one brokerages that are covering the company, StockRatingsNetwork.com reports. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $88.16.
A number of analysts have recently weighed in on VFC shares. Analysts at Zacks reiterated a “neutral” rating on shares of VF Corp in a research note on Friday, August 1st. They now have a $64.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of VF Corp in a research note on Wednesday, July 23rd. They now have a $62.00 price target on the stock, up previously from $61.00. Finally, analysts at Telsey Advisory Group reiterated a “” rating on shares of VF Corp in a research note on Monday, July 21st. They now have a $69.00 price target on the stock.
Shares of VF Corp (NYSE:VFC) opened at 63.82 on Friday. VF Corp has a one year low of $46.405 and a one year high of $64.74. The stock has a 50-day moving average of $62.27 and a 200-day moving average of $61.52. The company has a market cap of $27.513 billion and a price-to-earnings ratio of 22.51.
VF Corp (NYSE:VFC) last released its earnings data on Friday, July 18th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.01. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company posted $0.32 earnings per share. VF Corp’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that VF Corp will post $3.10 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Tuesday, September 9th will be given a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, September 5th.
In other VF Corp news, VP Scott H. Baxter sold 82,368 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $64.65, for a total value of $5,325,091.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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