V.F. Co. (NYSE:VFC) Receives $18.70 Consensus Target Price from Brokerages

Shares of V.F. Co. (NYSE:VFC) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $18.70.

VFC has been the topic of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $22.00 target price on shares of V.F. in a research note on Tuesday, January 30th. Wedbush dropped their price target on V.F. from $16.50 to $15.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Wells Fargo & Company dropped their price target on V.F. from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Williams Trading reaffirmed a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. Finally, StockNews.com raised V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th.

V.F. Trading Down 0.6 %

NYSE:VFC opened at $13.83 on Tuesday. V.F. has a 1-year low of $12.85 and a 1-year high of $23.58. The business’s 50-day moving average price is $15.81 and its two-hundred day moving average price is $16.66. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of -7.02, a PEG ratio of 1.55 and a beta of 1.47.

V.F. (NYSE:VFC) last released its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.22). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the company posted $1.12 EPS. The company’s quarterly revenue was down 16.2% compared to the same quarter last year. On average, equities analysts expect that V.F. will post 1.11 earnings per share for the current year.

V.F. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.36 dividend on an annualized basis and a yield of 2.60%. V.F.’s dividend payout ratio is -18.27%.

Insider Buying and Selling at V.F.

In related news, Director Juliana L. Chugg purchased 11,301 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the purchase, the director now directly owns 26,301 shares in the company, valued at $461,582.55. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Juliana L. Chugg purchased 11,301 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the purchase, the director now directly owns 26,301 shares in the company, valued at $461,582.55. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bracken Darrell purchased 65,360 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was bought at an average price of $15.38 per share, with a total value of $1,005,236.80. Following the completion of the purchase, the insider now owns 144,281 shares of the company’s stock, valued at $2,219,041.78. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of V.F.

A number of hedge funds have recently made changes to their positions in the business. Lumature Wealth Partners LLC lifted its position in shares of V.F. by 6.0% in the first quarter. Lumature Wealth Partners LLC now owns 4,153 shares of the textile maker’s stock valued at $236,000 after buying an additional 236 shares during the last quarter. Kinneret Advisory LLC lifted its position in shares of V.F. by 2.3% in the first quarter. Kinneret Advisory LLC now owns 15,513 shares of the textile maker’s stock valued at $882,000 after buying an additional 347 shares during the last quarter. Capital Group International Inc. CA lifted its position in shares of V.F. by 0.7% in the first quarter. Capital Group International Inc. CA now owns 57,335 shares of the textile maker’s stock valued at $3,260,000 after buying an additional 375 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of V.F. by 6.2% in the fourth quarter. Apollon Wealth Management LLC now owns 8,685 shares of the textile maker’s stock valued at $240,000 after buying an additional 506 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in V.F. by 1.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 30,879 shares of the textile maker’s stock worth $589,000 after purchasing an additional 520 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

V.F. Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.