V.F. Corporation (NYSE:VFC) Stock Has Average Target Price of $18.89

Shares of V.F. Corporation (NYSE:VFC) have been given a consensus rating of “Hold” by the twenty-two analysts that are currently covering the stock, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $18.89.

Several equities research analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on V.F. from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Piper Sandler upgraded V.F. from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $16.00 to $20.00 in a research note on Tuesday, October 13th. Needham & Company LLC restated a “buy” rating and set a $21.00 price objective on shares of V.F. in a research note on Monday, October 26th. Truist Financial raised shares of V.F. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $20.00 in a report on Tuesday, October 13th. Finally, BTIG Research reiterated a “buy” rating and issued a $23.00 target price on shares of V.F. in a research note on Wednesday, October 28th.

Key Headlines Impacting V.F.

Investors following VFC have been watching these headlines:

• Positive Sentiment: Truist raised its price target on VFC to $25 from $20 and maintained a Buy rating, signaling improved potential upside in the analyst’s view. Truist raises price target
• Neutral Sentiment: VFC and SAP opened an AI-enabled fashion retail innovation space featuring The North Face, Vans and Timberland products. The project may showcase ways to improve customer experience and store operations, though financial benefits were not disclosed. SAP and VFC open intelligent fashion store
• Neutral Sentiment: VFC announced participation in J.P. Morgan’s Global Luxury & Brands Conference; no additional business update was included in the announcement. Conference participation announcement

V.F. Price Performance

VFC stock opened at $20.06 on Friday. The company has a market capitalization of $7.90 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 0.87 and a beta of 1.49. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 1.47. V.F. has a 52-week low of $12.45 and a 52-week high of $22.27. The business has a 50-day simple moving average of $15.90 and a two-hundred day simple moving average of $17.00.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, October 28th. The textile maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.16. V.F. had a return on equity of 21.78% and a net margin of 3.93%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the company posted $0.52 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Research analysts expect that V.F. will post 1.18 EPS for the current fiscal year.

V.F. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 10th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, December 10th. V.F.’s dividend payout ratio (DPR) is presently 39.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in V.F. by 27.7% in the third quarter. First Trust Advisors LP now owns 221,064 shares of the textile maker’s stock worth $3,108,000 after purchasing an additional 48,013 shares during the last quarter. Jackson Thornton Wealth Management LLC increased its position in shares of V.F. by 59.5% during the 3rd quarter. Jackson Thornton Wealth Management LLC now owns 24,526 shares of the textile maker’s stock valued at $345,000 after purchasing an additional 9,152 shares during the last quarter. Private Wealth Asset Management LLC purchased a new stake in shares of V.F. during the 3rd quarter valued at $496,000. Private Advisor Group LLC increased its position in shares of V.F. by 3.9% during the 3rd quarter. Private Advisor Group LLC now owns 54,556 shares of the textile maker’s stock valued at $767,000 after purchasing an additional 2,035 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in shares of V.F. by 56.2% during the 3rd quarter. Ieq Capital LLC now owns 1,031,538 shares of the textile maker’s stock worth $14,503,000 after purchasing an additional 370,949 shares during the period. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

About V.F.

V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its portfolio includes brands such as The North Face, Vans, Timberland and Dickies, which serve outdoor, active, workwear and lifestyle markets. The company sells products through wholesale partners, its own retail stores and e-commerce channels. Its brands offer items including outdoor clothing and equipment, footwear, workwear, backpacks and accessories to customers in the Americas, Europe and Asia-Pacific.