V.F. Corporation (VFC) To Go Ex-Dividend on March 10th

V.F. Corporation (NYSE:VFC) declared a quarterly dividend on Wednesday, January 28th. Shareholders of record on Tuesday, March 10th will be given a dividend of 0.09 per share by the textile maker on Thursday, March 19th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, March 10th.

V.F. has decreased its dividend payment by an average of 0.5%annually over the last three years. V.F. has a dividend payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect V.F. to earn $1.07 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 33.6%.

V.F. Price Performance

NYSE VFC opened at $20.15 on Friday. The company has a 50 day simple moving average of $18.72 and a 200-day simple moving average of $15.66. V.F. has a 52-week low of $9.41 and a 52-week high of $26.93. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.66. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.55 and a quick ratio of 0.87.

V.F. (NYSE:VFC) last issued its 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. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.81 billion. V.F. had a net margin of 2.33% and a return on equity of 19.08%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. Equities research analysts predict that V.F. will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On V.F.

Several institutional investors have recently added to or reduced their stakes in VFC. EverSource Wealth Advisors LLC increased its holdings in shares of V.F. by 59.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock worth $40,000 after buying an additional 1,027 shares in the last quarter. Rothschild Investment LLC increased its holdings in V.F. by 705.8% during the 3rd quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 3,282 shares in the last quarter. Rexford Capital Inc. bought a new position in V.F. in the 2nd quarter valued at $48,000. Farther Finance Advisors LLC boosted its stake in V.F. by 94.8% in the second quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock worth $58,000 after purchasing an additional 2,421 shares in the last quarter. Finally, Global Wealth Strategies & Associates acquired a new stake in shares of V.F. in the third quarter valued at $82,000. 86.84% of the stock is owned by institutional investors.

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.