V.F. Corporation (NYSE:VFC) Stock Rated “Hold” by Wall Street Analysts

V.F. Corporation (NYSE:VFC) has been assigned a consensus rating of “Hold” from the twenty-one ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $18.08.

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings restated a “sell (d+)” rating on shares of V.F. in a research note on Tuesday, September 1st. BTIG Research reaffirmed a “buy” rating on shares of V.F. in a report on Friday, July 24th. Needham & Company LLC decreased their target price on V.F. from $25.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Finally, Barclays lifted their target price on V.F. from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, October 12th.

Insider Activity

In related news, insider Bracken Darrell acquired 32,894 shares of the stock in a transaction dated Friday, July 31st. The shares were purchased at an average cost of $14.98 per share, with a total value of $492,752.12. Following the transaction, the insider directly owned 1,402,109 shares in the company, valued at approximately $21,003,592.82. This represents a 2.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Carucci acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $14.73 per share, with a total value of $294,600.00. Following the completion of the purchase, the director owned 356,215 shares in the company, valued at $5,247,046.95. This trade represents a 5.95% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On V.F.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of V.F. by 27.9% during the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after purchasing an additional 588 shares during the period. Root Financial Partners LLC lifted its stake in shares of V.F. by 282.9% during the 1st quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock valued at $52,000 after buying an additional 2,255 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of V.F. by 27.3% during the 2nd quarter. IFP Advisors Inc now owns 6,682 shares of the textile maker’s stock valued at $111,000 after buying an additional 1,431 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of V.F. by 213.7% during the 2nd quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock valued at $135,000 after buying an additional 5,503 shares in the last quarter. Finally, Aspiriant LLC bought a new position in V.F. in the 3rd quarter worth $145,000. Institutional investors own 86.84% of the company’s stock.

V.F. Stock Performance

VFC opened at $16.89 on Wednesday. The company’s 50 day moving average is $14.10 and its 200 day moving average is $16.20. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 0.88 and a beta of 1.56. V.F. has a 12-month low of $12.45 and a 12-month high of $22.27.

V.F. (NYSE:VFC) last announced its earnings results on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). V.F. had a net margin of 2.88% and a return on equity of 18.91%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company posted ($0.24) earnings per share. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. On average, equities research analysts predict that V.F. will post 1.10 EPS for the current year.

V.F. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 10th were given a $0.09 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.1%. V.F.’s dividend payout ratio is presently 52.17%.

About V.F.

V.F. Corporation (NYSE: VFC) is a global apparel, footwear and accessories company. Its portfolio includes well-known outdoor, active and workwear brands such as The North Face, Vans, Timberland and Dickies, which offer products ranging from outdoor clothing and hiking footwear to casual apparel, skate shoes and workwear.

The company sells its products through wholesale customers, brand-operated stores, e-commerce platforms and other digital channels. V.F. serves consumers in markets worldwide, with operations and distribution spanning North America, Europe, Asia-Pacific and other international regions.

Founded in 1899 as a manufacturer of gloves and mittens, the company later expanded into apparel and became known as Vanity Fair Mills before adopting the V.F.