V.F. Co. (NYSE:VFC) Receives $18.70 Consensus Price Target from Brokerages

Shares of V.F. Co. (NYSE:VFCGet Free Report) have received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.70.

VFC has been the topic of several analyst reports. Wedbush lowered their price objective on V.F. from $16.50 to $15.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. JPMorgan Chase & Co. upgraded V.F. from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $15.00 to $19.00 in a report on Wednesday, November 15th. Stifel Nicolaus cut their price objective on shares of V.F. from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, UBS Group dropped their price objective on V.F. from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, February 5th.

Get Our Latest Analysis on V.F.

V.F. Price Performance

Shares of V.F. stock opened at $16.10 on Friday. V.F. has a 1-year low of $12.85 and a 1-year high of $23.79. The firm has a fifty day simple moving average of $16.51 and a 200-day simple moving average of $17.18. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of -8.17, a PEG ratio of 2.20 and a beta of 1.48.

V.F. (NYSE:VFCGet Free Report) last announced its earnings results on Tuesday, February 6th. The textile maker reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The business’s revenue was down 16.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 EPS. On average, sell-side analysts expect that V.F. will post 1.11 earnings per share for the current year.

V.F. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th will be issued a $0.09 dividend. The ex-dividend date is Friday, March 8th. This represents a $0.36 annualized dividend and a yield of 2.24%. V.F.’s dividend payout ratio is currently -18.27%.

Insider Buying and Selling at V.F.

In related news, Director Juliana L. Chugg purchased 11,301 shares of the stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $17.55 per share, with a total value of $198,332.55. Following the acquisition, the director now directly owns 26,301 shares in the company, valued at $461,582.55. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other V.F. news, Director Juliana L. Chugg purchased 11,301 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $17.55 per share, with a total value of $198,332.55. Following the completion of the transaction, the director now owns 26,301 shares in the company, valued at $461,582.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bracken Darrell purchased 65,360 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the transaction, the insider now directly owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Institutional Trading of V.F.

Several institutional investors and hedge funds have recently modified their holdings of VFC. Wolff Wiese Magana LLC grew its position in V.F. by 2,835.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in V.F. during the 4th quarter worth $25,000. International Assets Investment Management LLC bought a new stake in V.F. during the 3rd quarter worth $27,000. West Tower Group LLC bought a new stake in V.F. during the 4th quarter worth $27,000. Finally, CKW Financial Group bought a new stake in V.F. during the 3rd quarter worth $30,000. 80.81% of the stock is currently owned by institutional investors.

About V.F.

(Get Free Report

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.

See Also

Analyst Recommendations for V.F. (NYSE:VFC)

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