V.F. Corporation (NYSE:VFC) Receives Consensus Rating of “Hold” from Brokerages

V.F. Corporation (NYSE:VFC) has been assigned an average rating of “Hold” from the twenty-one analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.5833.

VFC has been the topic of several analyst reports. Zacks Research cut V.F. from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Wells Fargo & Company reduced their price target on 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. UBS Group lowered their price target on V.F. from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Citigroup began coverage on shares of V.F. in a research note on Thursday, May 21st. They set a “neutral” rating and a $18.00 price objective on the stock. Finally, Barclays reduced their price objective on shares of V.F. from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, May 21st.

Insider Buying and Selling at V.F.

In related news, Director Richard Carucci purchased 30,000 shares of V.F. stock in a transaction dated Tuesday, June 9th. The stock was bought at an average cost of $17.17 per share, with a total value of $515,100.00. Following the purchase, the director owned 336,043 shares in the company, valued at approximately $5,769,858.31. The trade was a 9.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On V.F.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in V.F. by 14.0% in the fourth quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock worth $11,930,000 after purchasing an additional 81,006 shares during the period. Fiduciary Alliance LLC increased its position in shares of V.F. by 10.3% during the 4th quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock valued at $11,707,000 after purchasing an additional 60,619 shares during the period. New York State Common Retirement Fund raised its stake in shares of V.F. by 0.8% in the 4th quarter. New York State Common Retirement Fund now owns 540,861 shares of the textile maker’s stock worth $9,779,000 after buying an additional 4,249 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of V.F. in the 1st quarter worth $3,209,000. Finally, Handelsbanken Fonder AB lifted its holdings in shares of V.F. by 19.1% in the fourth quarter. Handelsbanken Fonder AB now owns 112,000 shares of the textile maker’s stock valued at $2,025,000 after buying an additional 18,000 shares during the period. Institutional investors own 86.84% of the company’s stock.

V.F. Stock Performance

V.F. stock opened at $16.30 on Monday. V.F. has a 52-week low of $11.10 and a 52-week high of $22.27. The company has a quick ratio of 1.21, a current ratio of 1.84 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.31 and a beta of 1.56. The firm has a 50-day moving average price of $17.39 and a two-hundred day moving average price of $18.31.

V.F. (NYSE:VFC) last announced its quarterly earnings results on Wednesday, May 20th. The textile maker reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.28). The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. V.F. had a net margin of 2.65% and a return on equity of 21.05%. V.F.’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.13) EPS. Sell-side analysts expect that V.F. will post 1.1 earnings per share for the current year.

V.F. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, June 10th. V.F.’s payout ratio is 56.25%.

About V.F.

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.