VF’s (VFC) “Neutral” Rating Reaffirmed at Piper Sandler

Piper Sandler restated their neutral rating on shares of VF (NYSE:VFC) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $18.00 price target on the textile maker’s stock.

VFC has been the subject of several other reports. Truist Financial restated a “hold” rating and issued a $24.00 target price (up from $20.00) on shares of VF in a report on Thursday, January 30th. Argus raised shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, December 17th. Barclays boosted their target price on shares of VF from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. OTR Global raised shares of VF from a “mixed” rating to a “positive” rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of VF from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.67.

VF Stock Performance

NYSE:VFC opened at $16.49 on Thursday. The company has a market cap of $6.42 billion, a P/E ratio of -13.85, a P/E/G ratio of 6.77 and a beta of 1.46. VF has a twelve month low of $11.00 and a twelve month high of $29.02. The company’s 50-day moving average price is $22.48 and its 200-day moving average price is $21.05. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC) last released its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period in the prior year, the business posted $0.57 earnings per share. On average, sell-side analysts forecast that VF will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.18%. VF’s dividend payout ratio (DPR) is presently -30.25%.

Hedge Funds Weigh In On VF

Several institutional investors have recently modified their holdings of the business. CKW Financial Group boosted its stake in shares of VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after acquiring an additional 3,008 shares in the last quarter. TB Alternative Assets Ltd. purchased a new position in VF in the fourth quarter worth approximately $1,878,000. Fiduciary Alliance LLC grew its holdings in VF by 6.8% during 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 in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of VF by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock valued at $83,153,000 after purchasing an additional 211,440 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

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.