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

Shares of V.F. Corporation (NYSE:VFC) have been assigned an average rating of “Hold” from the twenty-one ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $18.5833.

Several research analysts have commented on VFC shares. Zacks Research lowered V.F. from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Truist Financial cut their price objective on V.F. from $18.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. Barclays cut their price objective on V.F. from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. BTIG Research raised V.F. from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $18.00 price objective (down from $19.00) on shares of V.F. in a research report on Monday, February 23rd.

Key V.F. News

Here are the key news stories impacting V.F. this week:

• Positive Sentiment: Director Richard Carucci bought 30,000 shares at an average price of $17.17, increasing his stake by 9.8%. Insider buying is often viewed as a sign of confidence in the company’s outlook. SEC Form 4 filing
• Positive Sentiment: V.F. was highlighted by Zacks as a top-ranked value stock, which may be supporting demand from investors looking for undervalued names with potential upside. Zacks value stock article
• Neutral Sentiment: Recent coverage also notes the stock has been rising as the broader market weakens, suggesting investors may be rotating into V.F. as a relatively defensive or turnaround trade. V.F. market move article
• Neutral Sentiment: Older commentary points to ongoing turnaround efforts at the company, but it does not appear to have introduced any new catalyst today. Turnaround focus article

V.F. Trading Down 3.4%

NYSE:VFC opened at $16.44 on Thursday. The business’s 50-day moving average is $17.95 and its two-hundred day moving average is $18.43. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.84 and a quick ratio of 1.21. V.F. has a 12 month low of $11.06 and a 12 month high of $22.27. The firm has a market capitalization of $6.44 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 1.37 and a beta of 1.57.

V.F. (NYSE:VFC) last released its quarterly earnings data on Wednesday, May 20th. The textile maker reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.28). V.F. had a net margin of 2.65% and a return on equity of 21.05%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business earned ($0.13) earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Research analysts predict that V.F. will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.2%. V.F.’s dividend payout ratio (DPR) is currently 56.25%.

Insider Buying and Selling at V.F.

In other V.F. news, Director Richard Carucci bought 30,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was bought at an average cost of $17.17 per share, for a total transaction of $515,100.00. Following the completion of the purchase, the director directly owned 336,043 shares of the company’s stock, valued at approximately $5,769,858.31. The trade was a 9.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of V.F.

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in shares of V.F. by 59.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock valued at $40,000 after acquiring an additional 1,027 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of V.F. by 27.9% during the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after acquiring an additional 588 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of V.F. by 282.9% during the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 2,255 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of V.F. by 705.8% during the third quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 3,282 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of V.F. by 30.5% during the fourth quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock valued at $199,000 after acquiring an additional 2,570 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.