V.F. Corporation (NYSE:VFC) Given Average Rating of “Hold” by Brokerages

Shares of V.F. Corporation (NYSE:VFC) have received a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.2188.

A number of equities analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of V.F. from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Truist Financial set a $18.00 price target on shares of V.F. in a report on Wednesday, January 14th. Citigroup upped their price objective on V.F. from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. KGI Securities set a $14.50 price objective on V.F. and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Jefferies Financial Group began coverage on V.F. in a research note on Wednesday, January 14th. They issued a “hold” rating and a $18.00 target price for the company.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its stake in shares of V.F. by 104.7% during the second quarter. Russell Investments Group Ltd. now owns 567,886 shares of the textile maker’s stock worth $6,673,000 after buying an additional 290,444 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in V.F. by 30.7% in the second quarter. Segall Bryant & Hamill LLC now owns 3,442,936 shares of the textile maker’s stock valued at $40,454,000 after acquiring an additional 808,474 shares during the last quarter. SG Americas Securities LLC grew its holdings in V.F. by 115.2% during the 3rd quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker’s stock worth $1,644,000 after acquiring an additional 60,998 shares during the period. Fiduciary Alliance LLC raised its position in shares of V.F. by 22.0% during the 3rd quarter. Fiduciary Alliance LLC now owns 586,877 shares of the textile maker’s stock valued at $8,469,000 after acquiring an additional 105,786 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of V.F. by 21.3% in the 2nd quarter. New York State Common Retirement Fund now owns 573,649 shares of the textile maker’s stock valued at $6,740,000 after purchasing an additional 100,680 shares during the period. Institutional investors own 86.84% of the company’s stock.

V.F. Trading Down 5.1%

Shares of VFC opened at $20.10 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.03 and a current ratio of 1.55. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 1.51 and a beta of 1.65. The stock has a fifty day moving average price of $19.08 and a two-hundred day moving average price of $15.95. V.F. has a 52-week low of $9.41 and a 52-week high of $26.69.

V.F. (NYSE:VFC) last announced its earnings results on Wednesday, January 28th. The textile maker reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.15. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.81 billion. V.F. had a return on equity of 19.08% and a net margin of 2.33%.The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Analysts predict that V.F. will post 0.73 EPS for the current fiscal year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Tuesday, March 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, March 10th. V.F.’s dividend payout ratio (DPR) is presently 65.45%.

V.F. Company Profile

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.