V.F. Corporation (VFC) To Go Ex-Dividend on September 10th

V.F. Corporation (NYSE:VFC) announced a quarterly dividend on Monday, July 27th. Investors of record on Thursday, September 10th will be paid a dividend of 0.09 per share by the textile maker on Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, September 10th.

V.F. has decreased its dividend payment by an average of 0.3%annually over the last three years. V.F. has a dividend payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect V.F. to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 26.3%.

V.F. Stock Up 0.1%

V.F. stock opened at $13.46 on Tuesday. V.F. has a one year low of $12.94 and a one year high of $22.27. The stock has a fifty day moving average of $15.35 and a 200 day moving average of $16.95. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 1.43. The stock has a market cap of $5.29 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 0.97 and a beta of 1.57.

V.F. (NYSE:VFC) last announced its earnings results on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.05). V.F. had a return on equity of 18.91% and a net margin of 2.88%.The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the business posted ($0.24) earnings per share. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, sell-side analysts predict that V.F. will post 1.07 EPS for the current year.

Analyst Ratings Changes

VFC has been the topic of a number of research reports. The Goldman Sachs Group dropped their price objective on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. UBS Group decreased their price target on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Williams Trading set a $19.00 price target on shares of V.F. in a research note on Sunday, May 17th. Citigroup began coverage on V.F. in a research note on Thursday, May 21st. They issued a “neutral” rating and a $18.00 price objective for the company. Finally, Evercore set a $16.00 target price on V.F. in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.21.

V.F. Company Profile

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.