VF Corporation (NYSE:VFC) Receives Consensus Recommendation of “Hold” from Analysts

VF Corporation (NYSE:VFC) has been given an average recommendation of “Hold” by the nineteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $16.41.

Several equities research analysts have commented on VFC shares. Jefferies Financial Group started coverage on shares of VF in a research note on Friday. They issued a “hold” rating and a $20.00 price objective for the company. Wells Fargo & Company boosted their price objective on VF from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. UBS Group raised their target price on VF from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, TD Cowen boosted their price objective on VF from $9.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th.

Insider Buying and Selling

In other VF news, Director Richard Carucci acquired 15,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was bought at an average price of $16.70 per share, with a total value of $250,500.00. Following the purchase, the director now owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On VF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC bought a new stake in VF during the 4th quarter valued at $1,518,000. Principal Financial Group Inc. boosted its holdings in shares of VF by 328.0% during the second quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock worth $21,922,000 after purchasing an additional 1,244,448 shares during the period. Sompo Asset Management Co. Ltd. grew its stake in shares of VF by 60.6% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 351,520 shares of the textile maker’s stock worth $6,609,000 after purchasing an additional 132,650 shares during the last quarter. Compass Wealth Management LLC purchased a new position in VF during the 1st quarter valued at about $2,574,000. Finally, Virtu Financial LLC bought a new position in VF during the 4th quarter valued at approximately $1,036,000. Institutional investors own 86.84% of the company’s stock.

VF Stock Up 1.7 %

Shares of NYSE:VFC opened at $19.57 on Tuesday. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of -7.83, a PEG ratio of 2.15 and a beta of 1.53. The business’s 50 day moving average is $17.51 and its 200 day moving average is $14.88. VF has a 12-month low of $11.00 and a 12-month high of $20.69. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84.

VF (NYSE:VFC) last posted its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.04. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business posted ($0.15) EPS. The business’s revenue was down 8.9% compared to the same quarter last year. On average, sell-side analysts forecast that VF will post 0.72 earnings per share for the current fiscal year.

VF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.84%. VF’s dividend payout ratio (DPR) is presently -14.40%.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.