V.F. Corporation (NYSE:VFC) Given a $58.00 Price Target at Canaccord Genuity
VFC has been the topic of a number of other research reports. Stifel Nicolaus restated a hold rating and set a $56.00 price objective on shares of V.F. Corporation in a research note on Sunday, April 23rd. Vetr cut V.F. Corporation from a sell rating to a strong sell rating and set a $49.00 price objective on the stock. in a research note on Tuesday, April 11th. Macquarie restated an outperform rating and set a $70.00 price objective (up previously from $69.00) on shares of V.F. Corporation in a research note on Tuesday, July 25th. TheStreet upgraded V.F. Corporation from a c+ rating to a b- rating in a research note on Thursday, July 13th. Finally, Susquehanna Bancshares Inc restated a neutral rating and set a $49.00 price objective (down previously from $52.00) on shares of V.F. Corporation in a research note on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the stock. V.F. Corporation currently has an average rating of Hold and an average target price of $57.05.
Shares of V.F. Corporation (VFC) opened at 61.85 on Wednesday. The firm’s 50-day moving average price is $57.07 and its 200 day moving average price is $54.18. V.F. Corporation has a one year low of $48.05 and a one year high of $65.20. The stock has a market cap of $24.56 billion, a P/E ratio of 23.60 and a beta of 0.78.
V.F. Corporation (NYSE:VFC) last issued its quarterly earnings data on Monday, July 24th. The textile maker reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Equities research analysts expect that V.F. Corporation will post $2.96 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, September 7th. V.F. Corporation’s dividend payout ratio (DPR) is presently 64.86%.
Several institutional investors have recently bought and sold shares of VFC. Quadrature Capital Ltd raised its position in V.F. Corporation by 600.0% in the fourth quarter. Quadrature Capital Ltd now owns 94,013 shares of the textile maker’s stock valued at $5,015,000 after buying an additional 80,583 shares during the period. Perigon Wealth Management LLC raised its position in V.F. Corporation by 17.2% in the fourth quarter. Perigon Wealth Management LLC now owns 31,874 shares of the textile maker’s stock valued at $1,676,000 after buying an additional 4,685 shares during the period. Whalerock Point Partners LLC bought a new position in V.F. Corporation during the fourth quarter valued at approximately $314,000. Teachers Advisors LLC raised its position in V.F. Corporation by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 425,775 shares of the textile maker’s stock valued at $22,715,000 after buying an additional 18,894 shares during the period. Finally, Kentucky Retirement Systems bought a new position in V.F. Corporation during the fourth quarter valued at approximately $1,281,000.
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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