V.F. Corporation (VFC) to Distribute Quarterly Dividend of $0.09 on September 17th

V.F. Corporation (NYSE:VFC) declared a quarterly dividend on Monday, July 27th. Investors of record on Thursday, September 10th will be paid a dividend of 0.09 per share by the textile maker on Thursday, September 17th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, September 10th.

V.F. has decreased its dividend payment by an average of 0.3%annually over the last three years. V.F. has a payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect V.F. to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 26.3%.

V.F. Price Performance

Shares of VFC stock opened at $13.46 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.43 and a quick ratio of 0.78. The company’s 50-day simple moving average is $15.35 and its two-hundred day simple moving average is $16.95. V.F. has a one year low of $12.94 and a one year high of $22.27. The company has a market capitalization of $5.29 billion, a P/E ratio of 19.51, a P/E/G ratio of 0.97 and a beta of 1.57.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. V.F. had a net margin of 2.88% and a return on equity of 18.91%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.24) EPS. As a group, equities analysts anticipate that V.F. will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Telsey Advisory Group dropped their target price on shares of V.F. from $20.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. Zacks Research downgraded shares of V.F. from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. BTIG Research restated a “buy” rating on shares of V.F. in a research note on Friday, July 24th. Evercore set a $16.00 price target on V.F. in a research report on Thursday, July 30th. Finally, Wells Fargo & Company dropped their price target on V.F. from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, V.F. has an average rating of “Hold” and a consensus target price of $18.21.

V.F. Company Profile

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.