VF Corporation (NYSE:VFC) Receives $22.90 Consensus Price Target from Brokerages

Shares of VF Corporation (NYSE:VFC) have received an average recommendation of “Hold” from the twenty-one ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $22.90.

Several brokerages have issued reports on VFC. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 target price on shares of VF in a research report on Friday, March 7th. Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, December 17th. Jefferies Financial Group lifted their price objective on VF from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Robert W. Baird lifted their price objective on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company lowered their price objective on VF from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, March 7th.

Institutional Trading of VF

A number of large investors have recently added to or reduced their stakes in the company. CKW Financial Group increased its stake in VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after acquiring an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after acquiring an additional 3,008 shares during the last quarter. Fiduciary Alliance LLC increased its stake in VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after acquiring an additional 16,431 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after acquiring an additional 65,919 shares during the last quarter. Finally, TB Alternative Assets Ltd. bought a new stake in VF in the 4th quarter worth approximately $1,878,000. Institutional investors own 86.84% of the company’s stock.

VF Trading Down 0.8 %

Shares of NYSE:VFC opened at $16.28 on Tuesday. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of -13.68, a PEG ratio of 6.77 and a beta of 1.46. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The stock’s 50-day simple moving average is $23.14 and its two-hundred day simple moving average is $21.11. VF has a 52-week low of $11.00 and a 52-week high of $29.02.

VF (NYSE:VFC) last announced its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period in the previous year, the business earned $0.57 EPS. Analysts expect that VF will post 0.73 EPS for the current year.

VF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Monday, March 10th. VF’s payout ratio is -30.25%.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.