Forward View Upgrades V.F. Corporation (NYSE:VFC) to Hold
Forward View upgraded shares of V.F. Corporation (NYSE:VFC) from a sell rating to a hold rating in a research report report published on Friday. They currently have $65.00 price objective on the textile maker’s stock. Forward View also issued estimates for V.F. Corporation’s Q3 2017 earnings at $1.10 EPS, Q4 2017 earnings at $1.09 EPS, Q1 2018 earnings at $0.63 EPS, Q3 2018 earnings at $1.31 EPS, Q4 2018 earnings at $1.22 EPS and FY2018 earnings at $3.49 EPS.
A number of other brokerages have also issued reports on VFC. Vetr lowered shares of V.F. Corporation from a sell rating to a strong sell rating and set a $49.00 price target on the stock. in a report on Tuesday, April 18th. TheStreet raised shares of V.F. Corporation from a c+ rating to a b- rating in a research report on Thursday, July 13th. B. Riley reaffirmed a neutral rating and issued a $53.00 target price on shares of V.F. Corporation in a research report on Sunday, April 30th. Macquarie reaffirmed an outperform rating and issued a $70.00 target price (up from $69.00) on shares of V.F. Corporation in a research report on Tuesday, July 25th. Finally, Buckingham Research reaffirmed a neutral rating and issued a $55.00 target price on shares of V.F. Corporation in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $58.50.
V.F. Corporation (NYSE VFC) opened at 62.19 on Friday. The firm has a market cap of $24.69 billion, a price-to-earnings ratio of 23.73 and a beta of 0.77. V.F. Corporation has a 12-month low of $48.05 and a 12-month high of $65.20. The company has a 50-day moving average of $57.27 and a 200 day moving average of $54.27.
V.F. Corporation (NYSE:VFC) last announced its quarterly earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. Equities analysts expect that V.F. Corporation will post $2.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 8th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.68 annualized dividend and a yield of 2.70%. V.F. Corporation’s dividend payout ratio (DPR) is 64.86%.
A number of hedge funds have recently made changes to their positions in the stock. Orrstown Financial Services Inc. raised its stake in V.F. Corporation by 9.2% in the second quarter. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker’s stock worth $103,000 after buying an additional 150 shares during the period. TrimTabs Asset Management LLC acquired a new stake in V.F. Corporation during the first quarter worth approximately $121,000. WFG Advisors LP raised its stake in V.F. Corporation by 7.4% in the first quarter. WFG Advisors LP now owns 2,480 shares of the textile maker’s stock worth $136,000 after buying an additional 170 shares during the period. Crestwood Advisors Group LLC acquired a new stake in V.F. Corporation during the first quarter worth approximately $141,000. Finally, Zions Bancorporation raised its stake in V.F. Corporation by 1.5% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock worth $140,000 after buying an additional 38 shares during the period.
About V.F. Corporation
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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