V.F. Corporation (NYSE:VFC) Receives $17.42 Average Target Price from Analysts

Shares of V.F. Corporation (NYSE:VFC) have been assigned a consensus recommendation of “Hold” from the twenty-one ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.4167.

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on V.F. in a research report on Thursday, September 17th. They issued a “hold” rating and a $14.00 price target on the stock. Wall Street Zen downgraded V.F. from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Robert W. Baird restated a “neutral” rating and set a $15.00 target price on shares of V.F. in a research note on Monday, September 14th. Stifel Nicolaus reduced their target price on shares of V.F. from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Finally, Needham & Company LLC decreased their price target on shares of V.F. from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th.

V.F. Price Performance

V.F. stock opened at $13.08 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 1.70. V.F. has a 52-week low of $12.45 and a 52-week high of $22.27. The firm has a market cap of $5.14 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57. The company’s 50 day moving average is $14.63 and its two-hundred day moving average is $16.46.

V.F. (NYSE:VFC) last posted its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%.The firm’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.24) EPS. On average, research analysts expect that V.F. will post 1.08 EPS for the current fiscal year.

V.F. Dividend Announcement

The company also recently disclosed 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 of this dividend was Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.8%. V.F.’s dividend payout ratio is currently 52.17%.

Insiders Place Their Bets

In other V.F. news, insider Bracken Darrell purchased 32,894 shares of the business’s stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $14.98 per share, for a total transaction of $492,752.12. Following the completion of the purchase, 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 legal filing with the SEC, which can be accessed through this link. Also, Director Richard Carucci purchased 20,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average cost of $14.73 per share, with a total value of $294,600.00. Following the completion of the acquisition, the director directly owned 356,215 shares in the company, valued at $5,247,046.95. The trade was a 5.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On V.F.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VFC. Bank of New York Mellon Corp acquired a new position in shares of V.F. in the 2nd quarter valued at $42,038,000. Squarepoint Ops LLC raised its stake in V.F. by 298.1% during the 2nd quarter. Squarepoint Ops LLC now owns 1,782,904 shares of the textile maker’s stock worth $29,739,000 after acquiring an additional 1,335,057 shares in the last quarter. Varenne Capital Partners purchased a new stake in V.F. in the second quarter valued at $13,671,000. Madison Asset Management LLC purchased a new stake in V.F. in the second quarter valued at $3,913,000. Finally, Corient Private Wealth LP boosted its stake in V.F. by 343.7% in the second quarter. Corient Private Wealth LP now owns 212,198 shares of the textile maker’s stock valued at $3,539,000 after acquiring an additional 164,369 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

About V.F.

V.F. Corporation, also known as VF Corporation, is a global apparel, footwear and accessories company. Its portfolio includes recognized outdoor, active, workwear and lifestyle brands such as The North Face, Vans, Timberland, Dickies, JanSport and Eastpak.

The company develops, markets and distributes products including jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear. Its brands serve consumers through wholesale partners, company-operated and franchised stores, and e-commerce platforms.

Founded in 1899 as the Reading Glove and Mitten Company, the business later adopted the name Vanity Fair Mills and became VF Corporation.