Brokerages Set VF Corporation (NYSE:VFC) Price Target at $18.29

Shares of VF Corporation (NYSE:VFC) have earned a consensus rating of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $18.29.

A number of research firms have recently weighed in on VFC. The Goldman Sachs Group initiated coverage on VF in a report on Friday, October 11th. They set a “neutral” rating and a $20.00 target price for the company. Stifel Nicolaus boosted their price objective on shares of VF from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, October 14th. Argus raised shares of VF to a “hold” rating in a report on Wednesday, August 28th. Jefferies Financial Group initiated coverage on VF in a research note on Friday, September 27th. They issued a “hold” rating and a $20.00 price target for the company. Finally, Robert W. Baird raised their price objective on VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th.

VF Stock Performance

Shares of VFC stock opened at $20.81 on Friday. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of -12.03, a PEG ratio of 8.18 and a beta of 1.49. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. VF has a 52 week low of $11.00 and a 52 week high of $23.09. The company has a 50-day simple moving average of $19.97 and a 200 day simple moving average of $17.26.

VF (NYSE:VFC) last posted its earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.41 by $0.19. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share. On average, sell-side analysts predict that VF will post 0.48 earnings per share for the current year.

VF Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.73%. The ex-dividend date is Tuesday, December 10th. VF’s payout ratio is -20.81%.

Institutional Investors Weigh In On VF

Several hedge funds have recently modified their holdings of VFC. Segall Bryant & Hamill LLC raised its position in VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after purchasing an additional 65,919 shares during the last quarter. Principal Financial Group Inc. raised its holdings 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 raised its holdings in VF by 90.7% in 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 buying an additional 96,442 shares during the last quarter. Hanseatic Management Services Inc. acquired a new stake in VF during the 3rd quarter worth approximately $640,000. Finally, Murphy Pohlad Asset Management LLC acquired a new position in VF in the 2nd quarter valued at approximately $1,668,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

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.