Analysts Set VF Corporation (NYSE:VFC) Target Price at $22.35

Shares of VF Corporation (NYSE:VFC) have been given an average recommendation of “Hold” by the twenty-one brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $22.35.

VFC has been the subject of a number of research reports. BMO Capital Markets upped their price objective on shares of VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Stifel Nicolaus dropped their price objective on shares of VF from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price objective on shares of VF in a research note on Friday, March 7th. Citigroup lowered VF from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $12.00 in a report on Monday, April 7th. Finally, Jefferies Financial Group boosted their price target on VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th.

VF Price Performance

VF stock opened at $10.32 on Friday. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of -8.67, a price-to-earnings-growth ratio of 6.77 and a beta of 1.57. The firm has a 50-day moving average of $18.37 and a two-hundred day moving average of $20.36. VF has a 1 year low of $9.41 and a 1 year high of $29.02. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00.

VF (NYSE:VFC) last announced its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period in the previous year, the company earned $0.57 EPS. On average, research analysts forecast that VF will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Monday, March 10th. VF’s dividend payout ratio (DPR) is -30.25%.

Hedge Funds Weigh In On VF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in VF by 1,355.2% during the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker’s stock valued at $6,276,000 after acquiring an additional 376,615 shares during the period. Segall Bryant & Hamill LLC raised its holdings in shares of VF by 5.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock worth $83,153,000 after purchasing an additional 211,440 shares during the last quarter. Rhumbline Advisers lifted its position in VF by 11.0% during the first quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker’s stock valued at $14,414,000 after purchasing an additional 92,174 shares during the period. TB Alternative Assets Ltd. purchased a new stake in VF in the fourth quarter valued at $1,878,000. Finally, Fiduciary Alliance LLC raised its stake in shares of VF by 16.4% during the 1st quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker’s stock valued at $4,634,000 after buying an additional 42,065 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.