VF Corporation (NYSE:VFC) Given Consensus Rating of “Hold” by Analysts

VF Corporation (NYSE:VFC) has been given a consensus recommendation of “Hold” by the eighteen ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $18.19.

VFC has been the topic of several recent research reports. Wells Fargo & Company downgraded VF from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $16.00 to $15.00 in a research report on Monday, October 14th. TD Cowen upped their price objective on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. UBS Group increased their target price on VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Finally, Robert W. Baird increased their target price on VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th.

Insider Transactions at VF

In related news, Director Richard Carucci bought 15,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the purchase, the director now owns 230,178 shares in the company, valued at $3,843,972.60. This represents a 6.97 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On VF

A number of large investors have recently modified their holdings of VFC. Bank & Trust Co acquired a new stake in shares of VF in the second quarter valued at about $35,000. Versant Capital Management Inc grew its stake in VF by 6,981.1% during the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 2,583 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in VF during the 3rd quarter valued at approximately $40,000. EverSource Wealth Advisors LLC grew its stake in VF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 895 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in VF during the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Trading Down 0.6 %

Shares of VFC stock opened at $20.16 on Wednesday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The firm has a market capitalization of $7.85 billion, a PE ratio of -11.65, a P/E/G ratio of 7.69 and a beta of 1.52. VF has a 1-year low of $11.00 and a 1-year high of $23.09. The business’s fifty day moving average price is $19.42 and its 200 day moving average price is $16.40.

VF (NYSE:VFC) last posted its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.19. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. VF’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. As a group, sell-side analysts forecast that VF will post 0.49 EPS for the current fiscal year.

VF Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.79%. VF’s dividend payout ratio (DPR) is -20.81%.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.