UBS AG upgraded shares of V.F. Corporation (NYSE:VFC) from a neutral rating to a positive rating in a research note issued to investors on Friday, The Fly reports.

Other equities analysts have also issued research reports about the company. B. Riley restated a neutral rating and issued a $53.00 price target on shares of V.F. Corporation in a research note on Sunday, April 30th. Canaccord Genuity set a $53.00 price target on V.F. Corporation and gave the company a hold rating in a research note on Saturday, April 1st. Buckingham Research restated a neutral rating and issued a $55.00 price target on shares of V.F. Corporation in a research note on Monday, July 17th. Cowen and Company lifted their price target on V.F. Corporation from $52.00 to $56.00 and gave the company a market perform rating in a research note on Tuesday, April 4th. Finally, Susquehanna Bancshares Inc restated a neutral rating and issued a $49.00 price target (down previously from $52.00) on shares of V.F. Corporation in a research note on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $58.50.

Shares of V.F. Corporation (NYSE:VFC) opened at 62.19 on Friday. The company’s 50 day moving average price is $57.27 and its 200 day moving average price is $54.27. The stock has a market cap of $24.69 billion, a PE ratio of 23.73 and a beta of 0.77. V.F. Corporation has a 52-week low of $48.05 and a 52-week high of $65.20.

V.F. Corporation (NYSE:VFC) last announced its quarterly earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the business earned $0.35 EPS. V.F. Corporation’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, analysts anticipate that V.F. Corporation will post $2.96 earnings per share for the current 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 2.70%. The ex-dividend date of this dividend is Thursday, September 7th. V.F. Corporation’s dividend payout ratio is currently 64.86%.

Several hedge funds and other institutional investors have recently modified their holdings of VFC. Catawba Capital Management VA boosted its position in shares of V.F. Corporation by 3.7% in the first quarter. Catawba Capital Management VA now owns 4,648 shares of the textile maker’s stock valued at $256,000 after buying an additional 165 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of V.F. Corporation by 9.1% in the first quarter. Fulton Bank N.A. now owns 4,213 shares of the textile maker’s stock valued at $232,000 after buying an additional 353 shares in the last quarter. Manning & Napier Advisors LLC boosted its position in shares of V.F. Corporation by 5.0% in the first quarter. Manning & Napier Advisors LLC now owns 106,984 shares of the textile maker’s stock valued at $5,880,000 after buying an additional 5,135 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of V.F. Corporation by 1.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 326,069 shares of the textile maker’s stock valued at $17,924,000 after buying an additional 5,157 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its position in shares of V.F. Corporation by 14.3% in the first quarter. Integrated Investment Consultants LLC now owns 3,543 shares of the textile maker’s stock valued at $195,000 after buying an additional 443 shares in the last quarter.

V.F. Corporation Company Profile

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.

The Fly

Analyst Recommendations for V.F. Corporation (NYSE:VFC)

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