VF Corporation (NYSE:VFC) Given Consensus Recommendation of “Hold” by Analysts

VF Corporation (NYSE:VFC) has been given an average recommendation of “Hold” by the twenty analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $19.11.

A number of research analysts recently issued reports on the company. TD Cowen boosted their price objective on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Guggenheim upped their price target on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird raised their price objective on shares of VF from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group started coverage on shares of VF in a report on Friday, October 11th. They issued a “neutral” rating and a $20.00 target price for the company. Finally, Truist Financial assumed coverage on VF in a report on Thursday, December 5th. They set a “hold” rating and a $20.00 price target on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC purchased a new stake in shares of VF during the third quarter worth about $40,000. Abich Financial Wealth Management LLC purchased a new stake in VF during the 2nd quarter worth approximately $60,000. Banque Cantonale Vaudoise increased its stake in VF by 113.3% during the 2nd quarter. Banque Cantonale Vaudoise now owns 6,860 shares of the textile maker’s stock valued at $93,000 after purchasing an additional 3,644 shares in the last quarter. Summit Financial LLC purchased a new position in shares of VF in the second quarter worth $137,000. Finally, Legacy Financial Advisors Inc. acquired a new stake in shares of VF during the second quarter worth $158,000. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

VF Trading Up 0.2 %

Shares of VFC stock opened at $21.46 on Thursday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The company has a market cap of $8.35 billion, a price-to-earnings ratio of -12.40, a PEG ratio of 8.19 and a beta of 1.49. VF has a 1 year low of $11.00 and a 1 year high of $23.49. The firm has a fifty day moving average price of $20.71 and a 200-day moving average price of $18.25.

VF (NYSE:VFC) last released its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share 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%. VF’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. As a group, equities analysts predict that VF will post 0.48 earnings per share for the current year.

VF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Tuesday, December 10th. VF’s dividend payout ratio is currently -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.