V.F. Corporation (NYSE:VFC) Given Average Rating of “Hold” by Analysts

Shares of V.F. Corporation (NYSE:VFC) have been given an average recommendation of “Hold” by the twenty research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $18.1563.

Several research firms have recently issued reports on VFC. Argus upgraded shares of V.F. to a “strong-buy” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $18.00 price target (down from $19.00) on shares of V.F. in a research note on Monday, February 23rd. Guggenheim began coverage on V.F. in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Wells Fargo & Company boosted their target price on V.F. from $12.00 to $15.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 16th. Finally, Piper Sandler increased their target price on V.F. from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th.

Insider Buying and Selling

In other V.F. news, Director Juliana L. Chugg sold 6,678 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $21.30, for a total transaction of $142,241.40. Following the completion of the sale, the director directly owned 40 shares in the company, valued at approximately $852. This trade represents a 99.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of V.F. by 14.0% during the fourth quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock valued at $11,930,000 after acquiring an additional 81,006 shares in the last quarter. Captrust Financial Advisors boosted its stake in V.F. by 28.0% during the 4th quarter. Captrust Financial Advisors now owns 90,873 shares of the textile maker’s stock valued at $1,643,000 after purchasing an additional 19,880 shares during the last quarter. New York State Common Retirement Fund boosted its stake in V.F. by 0.8% during the 4th quarter. New York State Common Retirement Fund now owns 540,861 shares of the textile maker’s stock valued at $9,779,000 after purchasing an additional 4,249 shares during the last quarter. Optimize Financial Inc increased its holdings in shares of V.F. by 1.5% in the 4th quarter. Optimize Financial Inc now owns 40,379 shares of the textile maker’s stock worth $730,000 after purchasing an additional 580 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of V.F. by 151.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock worth $125,000 after purchasing an additional 4,167 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

V.F. Stock Performance

Shares of VFC stock opened at $16.93 on Friday. The company’s fifty day moving average price is $18.73 and its 200-day moving average price is $17.29. The stock has a market cap of $6.62 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 1.16 and a beta of 1.65. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 1.99. V.F. has a 12 month low of $9.41 and a 12 month high of $21.92.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Wednesday, January 28th. The textile maker reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.15. V.F. had a net margin of 2.33% and a return on equity of 19.08%. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the company posted $0.62 EPS. V.F.’s revenue was up 1.5% on a year-over-year basis. On average, equities analysts expect that V.F. will post 0.73 EPS for the current fiscal year.

V.F. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Tuesday, March 10th were paid a $0.09 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.1%. V.F.’s payout ratio is presently 65.45%.

About V.F.

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.