V.F. Co. (NYSE:VFC) Receives Average Rating of “Hold” from Brokerages

Shares of V.F. Co. (NYSE:VFC) have been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $17.88.

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and issued a $22.00 target price on shares of V.F. in a report on Tuesday, April 9th. Wells Fargo & Company cut their target price on V.F. from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Williams Trading reissued a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. Telsey Advisory Group restated an “outperform” rating and issued a $22.00 price objective on shares of V.F. in a report on Tuesday, January 30th. Finally, Wedbush decreased their target price on V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, February 7th.

Insiders Place Their Bets

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

Institutional Trading of V.F.

Several large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of V.F. in the fourth quarter valued at approximately $76,059,000. Jackson Square Partners LLC bought a new stake in shares of V.F. in the 4th quarter worth $46,646,000. M&G Investment Management Ltd. lifted its holdings in shares of V.F. by 19.4% in the fourth quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock valued at $235,850,000 after buying an additional 2,016,470 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in V.F. by 48.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,098,812 shares of the textile maker’s stock valued at $54,756,000 after buying an additional 1,004,583 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in V.F. by 559.7% during the third quarter. Wellington Management Group LLP now owns 1,113,192 shares of the textile maker’s stock worth $19,670,000 after acquiring an additional 944,449 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

V.F. Stock Performance

NYSE:VFC opened at $12.61 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70. The firm has a market cap of $4.90 billion, a PE ratio of -6.40, a P/E/G ratio of 1.33 and a beta of 1.49. The firm has a 50 day simple moving average of $14.25 and a 200-day simple moving average of $16.09. V.F. has a 1-year low of $11.91 and a 1-year high of $22.63.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The company’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 EPS. On average, equities analysts expect that V.F. will post 1.11 EPS for the current year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s dividend payout ratio (DPR) is -18.27%.

About V.F.

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.