Analysts Set VF Corp (VFC) PT at $92.00

Shares of VF Corp (NYSE:VFC) have received a consensus recommendation of “Buy” from the twenty-five ratings firms that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $92.00.

A number of brokerages have recently issued reports on VFC. Guggenheim reiterated a “buy” rating and issued a $90.00 price target on shares of VF in a report on Friday, January 18th. Piper Jaffray Companies set a $93.00 price target on shares of VF and gave the company a “buy” rating in a report on Friday, January 18th. Telsey Advisory Group reiterated an “outperform” rating and issued a $96.00 price target (up previously from $88.00) on shares of VF in a report on Tuesday, January 22nd. Cowen increased their price target on shares of VF from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, February 19th. Finally, Wells Fargo & Co cut their price target on shares of VF from $90.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, January 2nd.

In other VF news, VP Scott H. Baxter sold 64,996 shares of the firm’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $86.07, for a total transaction of $5,594,205.72. Following the completion of the transaction, the vice president now directly owns 215,057 shares in the company, valued at approximately $18,509,955.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Steven E. Rendle sold 65,988 shares of the firm’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $85.91, for a total transaction of $5,669,029.08. Following the transaction, the chairman now owns 236,514 shares of the company’s stock, valued at $20,318,917.74. The disclosure for this sale can be found here. Insiders have sold a total of 177,356 shares of company stock valued at $15,204,424 over the last 90 days. 1.72% of the stock is currently owned by insiders.



Several institutional investors have recently added to or reduced their stakes in the business. Jackson Hole Capital Partners LLC acquired a new stake in shares of VF during the 4th quarter worth about $370,000. American Century Companies Inc. boosted its stake in shares of VF by 121.4% during the 4th quarter. American Century Companies Inc. now owns 1,161,622 shares of the textile maker’s stock worth $82,870,000 after purchasing an additional 637,022 shares during the last quarter. Norges Bank acquired a new stake in shares of VF during the 4th quarter worth about $236,808,000. O Brien Greene & Co. Inc acquired a new stake in shares of VF during the 4th quarter worth about $396,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of VF by 2.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 9,812 shares of the textile maker’s stock worth $700,000 after purchasing an additional 276 shares during the last quarter. 83.88% of the stock is currently owned by institutional investors.

Shares of VFC traded up $0.09 during trading hours on Friday, reaching $85.03. The company had a trading volume of 73,696 shares, compared to its average volume of 2,191,638. The company has a quick ratio of 1.07, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $33.60 billion, a PE ratio of 28.50, a P/E/G ratio of 1.99 and a beta of 1.14. VF has a 12-month low of $67.18 and a 12-month high of $97.00.

VF (NYSE:VFC) last announced its quarterly earnings results on Friday, January 18th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.21. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.87 billion. VF had a net margin of 10.11% and a return on equity of 38.84%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 EPS. On average, research analysts anticipate that VF will post 3.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, March 8th will be issued a dividend of $0.51 per share. The ex-dividend date is Thursday, March 7th. This represents a $2.04 annualized dividend and a yield of 2.40%. VF’s dividend payout ratio (DPR) is currently 68.46%.

About VF

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

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Analyst Recommendations for VF (NYSE:VFC)

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