VF Corporation (NYSE:VFC) Given Consensus Rating of “Hold” by Brokerages

VF Corporation (NYSE:VFC) has been given a consensus rating of “Hold” by the eighteen brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.19.

Several analysts have commented on VFC shares. The Goldman Sachs Group initiated coverage on shares of VF in a report on Friday, October 11th. They set a “neutral” rating and a $20.00 target price on the stock. BMO Capital Markets increased their target price on VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. UBS Group boosted their price target on VF from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Wedbush reissued a “neutral” rating and issued a $13.00 target price on shares of VF in a research report on Monday, August 5th. Finally, Telsey Advisory Group upped their price target on VF from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th.

Insider Activity

In other VF news, Director Richard Carucci purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On VF

Several large investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in VF by 328.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after buying an additional 1,244,448 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of VF by 90.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after acquiring an additional 96,442 shares during the period. Hanseatic Management Services Inc. acquired a new stake in VF during the third quarter worth about $640,000. Murphy Pohlad Asset Management LLC acquired a new position in shares of VF in the 2nd quarter valued at approximately $1,668,000. Finally, Smith Thornton Advisors LLC acquired a new position in VF during the second quarter valued at approximately $436,000. 86.84% of the stock is owned by institutional investors.

VF Trading Down 2.5 %

Shares of NYSE VFC opened at $20.25 on Wednesday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. VF has a fifty-two week low of $11.00 and a fifty-two week high of $23.09. The company’s 50 day simple moving average is $19.26 and its 200 day simple moving average is $16.19. The firm has a market capitalization of $7.88 billion, a P/E ratio of -11.71, a P/E/G ratio of 7.99 and a beta of 1.52.

VF (NYSE:VFC) last issued its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.41 by $0.19. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the business posted $0.63 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. On average, analysts predict that VF will post 0.49 EPS for the current year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, December 10th. VF’s dividend payout ratio (DPR) is presently -20.81%.

VF Company Profile

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.