VF Corp (NYSE:VFC) has been given an average recommendation of “Hold” by the nineteen research firms that are currently covering the stock, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $65.79.
A number of research analysts recently commented on the company. Argus downgraded VF from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Guggenheim dropped their price target on VF from $105.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Barclays reaffirmed a “buy” rating and issued a $63.00 price target on shares of VF in a research note on Sunday, April 26th. Wells Fargo & Co boosted their price target on VF from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday, March 30th. Finally, Raymond James initiated coverage on VF in a research note on Tuesday, March 31st. They issued a “market perform” rating for the company.
Shares of VF stock traded up $0.46 during trading on Friday, reaching $60.82. The company’s stock had a trading volume of 51,015 shares, compared to its average volume of 3,854,967. The business’s 50-day moving average price is $59.50 and its 200-day moving average price is $71.54. The firm has a market cap of $23.51 billion, a PE ratio of 36.42, a P/E/G ratio of 4.37 and a beta of 1.21. VF has a 52 week low of $45.07 and a 52 week high of $100.25. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.08.
The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Wednesday, June 10th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Tuesday, June 9th. VF’s payout ratio is presently 71.64%.
In related news, Director Richard Carucci bought 3,500 shares of VF stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of $60.51 per share, for a total transaction of $211,785.00. Following the completion of the acquisition, the director now directly owns 69,774 shares of the company’s stock, valued at approximately $4,222,024.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benno O. Dorer bought 1,592 shares of VF stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average price of $64.09 per share, for a total transaction of $102,031.28. Corporate insiders own 0.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. PSI Advisors LLC bought a new position in shares of VF during the 4th quarter worth approximately $25,000. Gemmer Asset Management LLC boosted its holdings in shares of VF by 198.9% during the 1st quarter. Gemmer Asset Management LLC now owns 526 shares of the textile maker’s stock worth $28,000 after buying an additional 350 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of VF by 54.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 662 shares of the textile maker’s stock worth $36,000 after buying an additional 234 shares in the last quarter. John W. Brooker & Co. CPAs boosted its holdings in shares of VF by 37.3% during the 1st quarter. John W. Brooker & Co. CPAs now owns 754 shares of the textile maker’s stock worth $41,000 after buying an additional 205 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of VF during the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 76.17% of the company’s stock.
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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