V.F. Corporation’s (NYSE:VFC) Neutral Rating Reaffirmed at Buckingham Research
V.F. Corporation (NYSE:VFC)‘s stock had its “neutral” rating restated by Buckingham Research in a report issued on Monday. They presently have a $55.00 price target on the textile maker’s stock. Buckingham Research’s price objective points to a potential downside of 1.82% from the company’s previous close.
A number of other equities research analysts have also weighed in on VFC. Stifel Nicolaus reaffirmed a “hold” rating and issued a $56.00 price objective on shares of V.F. Corporation in a report on Sunday, April 23rd. Canaccord Genuity reissued a “hold” rating and set a $53.00 price target on shares of V.F. Corporation in a research note on Friday, May 26th. B. Riley reissued a “neutral” rating and set a $53.00 price target on shares of V.F. Corporation in a research note on Tuesday, April 25th. Vetr lowered V.F. Corporation from a “sell” rating to a “strong sell” rating and set a $49.00 price target on the stock. in a research note on Tuesday, April 11th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and set a $49.00 price target (down previously from $52.00) on shares of V.F. Corporation in a research note on Monday, May 1st. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $55.67.
Shares of V.F. Corporation (NYSE:VFC) opened at 56.02 on Monday. V.F. Corporation has a 52 week low of $48.05 and a 52 week high of $65.20. The stock has a market cap of $22.43 billion, a P/E ratio of 22.84 and a beta of 0.77. The stock has a 50 day moving average price of $54.59 and a 200-day moving average price of $53.64.
V.F. Corporation (NYSE:VFC) last issued its quarterly earnings results on Friday, April 28th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.73 billion. V.F. Corporation had a return on equity of 26.78% and a net margin of 8.67%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. Equities analysts predict that V.F. Corporation will post $2.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 19th. Investors of record on Friday, June 9th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, June 7th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.00%. V.F. Corporation’s dividend payout ratio is presently 68.85%.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 worth $5,015,000 after buying an additional 80,583 shares in the last quarter. 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 worth $1,676,000 after buying an additional 4,685 shares in the last quarter. Whalerock Point Partners LLC bought a new position in V.F. Corporation during the fourth quarter worth 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 worth $22,715,000 after buying an additional 18,894 shares in the last quarter. Finally, Kentucky Retirement Systems bought a new position in V.F. Corporation during the fourth quarter worth 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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