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

Shares of V.F. Corporation (NYSE:VFC) have been assigned a consensus recommendation of “Hold” from the twenty brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.1563.

Several analysts have commented on VFC shares. Argus upgraded shares of V.F. to a “strong-buy” rating in a report on Wednesday, February 11th. Robert W. Baird set a $25.00 target price on V.F. in a research note on Wednesday, December 17th. Wall Street Zen raised V.F. from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. UBS Group reiterated a “neutral” rating and issued a $20.00 price objective on shares of V.F. in a report on Thursday, January 29th. Finally, Telsey Advisory Group set a $20.00 price objective on V.F. in a research report on Thursday, January 29th.

Insider Buying and Selling

In related news, Director Juliana L. Chugg sold 6,678 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $21.30, for a total transaction of $142,241.40. Following the sale, the director owned 40 shares of the company’s stock, valued at $852. The trade was a 99.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On V.F.

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its stake in shares of V.F. by 104.7% in the 2nd 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. New York State Common Retirement Fund raised its stake in V.F. by 21.3% during the second quarter. New York State Common Retirement Fund now owns 573,649 shares of the textile maker’s stock valued at $6,740,000 after buying an additional 100,680 shares during the last quarter. Rexford Capital Inc. bought a new stake in V.F. in the second quarter worth $48,000. Global Wealth Strategies & Associates bought a new stake in V.F. in the third quarter worth $82,000. Finally, 1620 Investment Advisors Inc. grew its stake in shares of V.F. by 5.7% in the third quarter. 1620 Investment Advisors Inc. now owns 21,903 shares of the textile maker’s stock worth $316,000 after acquiring an additional 1,172 shares during the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

V.F. Stock Down 0.8%

Shares of NYSE VFC opened at $16.40 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 1.99. V.F. has a 12 month low of $9.41 and a 12 month high of $21.92. The firm has a market capitalization of $6.42 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 1.13 and a beta of 1.64. The firm has a fifty day simple moving average of $18.87 and a two-hundred day simple moving average of $17.25.

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. V.F. had a net margin of 2.33% and a return on equity of 19.08%. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts expect that V.F. will post 0.73 earnings per share for the current year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Tuesday, March 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, March 10th. V.F.’s dividend payout ratio (DPR) is 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.