V.F. Corporation (NYSE:VFC) has been given an average recommendation of “Hold” by the twenty-four analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $58.11.

A number of research firms have weighed in on VFC. Stifel Nicolaus reaffirmed a “hold” rating and set a $56.00 price objective on shares of V.F. Corporation in a research report on Sunday, April 23rd. Canaccord Genuity reissued a “hold” rating and issued a $53.00 price target on shares of V.F. Corporation in a report on Friday, May 26th. B. Riley reissued a “neutral” rating and issued a $53.00 price target on shares of V.F. Corporation in a report on Tuesday, April 25th. Susquehanna Bancshares Inc raised V.F. Corporation from a “neutral” rating to a “positive” rating and raised their price target for the company from $53.00 to $70.00 in a report on Friday, July 28th. Finally, UBS AG raised V.F. Corporation from a “neutral” rating to a “positive” rating in a report on Friday, July 28th.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in V.F. Corporation by 1,744.1% in the first quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock valued at $1,070,143,000 after buying an additional 18,412,097 shares during the last quarter. Wellington Management Group LLP increased its position in V.F. Corporation by 13.9% in the first quarter. Wellington Management Group LLP now owns 33,920,937 shares of the textile maker’s stock valued at $1,864,633,000 after buying an additional 4,129,477 shares during the last quarter. Parnassus Investments CA increased its position in V.F. Corporation by 25.5% in the first quarter. Parnassus Investments CA now owns 13,480,236 shares of the textile maker’s stock valued at $724,090,000 after buying an additional 2,740,485 shares during the last quarter. Victory Capital Management Inc. increased its position in V.F. Corporation by 12,957.2% in the first quarter. Victory Capital Management Inc. now owns 2,675,683 shares of the textile maker’s stock valued at $147,083,000 after buying an additional 2,655,191 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in V.F. Corporation by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 5,808,796 shares of the textile maker’s stock valued at $319,309,000 after buying an additional 1,017,375 shares during the last quarter.

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Shares of V.F. Corporation (NYSE:VFC) traded up 0.56% on Friday, reaching $61.58. The company’s stock had a trading volume of 1,508,640 shares. V.F. Corporation has a 1-year low of $48.05 and a 1-year high of $65.20. The company has a market capitalization of $24.24 billion, a price-to-earnings ratio of 23.49 and a beta of 0.78. The stock has a 50-day moving average price of $58.94 and a 200-day moving average price of $54.92.

V.F. Corporation (NYSE:VFC) last posted its quarterly earnings data on Monday, July 24th. The textile maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts forecast that V.F. Corporation will post $2.96 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 8th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.73%. The ex-dividend date is Thursday, September 7th. V.F. Corporation’s payout ratio is 64.86%.

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.

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

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