Brokerages Set V.F. Corporation (NYSE:VFC) PT at $18.47

Shares of V.F. Corporation (NYSE:VFC) have received a consensus recommendation of “Hold” from the twenty brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $18.4688.

A number of research firms have weighed in on VFC. Seaport Research Partners upgraded shares of V.F. from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, April 14th. Barclays restated an “overweight” rating on shares of V.F. in a research note on Thursday, January 29th. Jefferies Financial Group began coverage on V.F. in a research report on Wednesday, January 14th. They set a “hold” rating and a $18.00 price objective on the stock. The Goldman Sachs Group increased their price objective on shares of V.F. from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, Telsey Advisory Group set a $20.00 target price on shares of V.F. in a research report on Thursday, January 29th.

V.F. Price Performance

Shares of VFC stock opened at $19.81 on Wednesday. The firm has a market cap of $7.75 billion, a P/E ratio of 36.03, a P/E/G ratio of 1.00 and a beta of 1.65. The business’s 50 day moving average price is $18.32 and its 200-day moving average price is $17.79. V.F. has a fifty-two week low of $11.06 and a fifty-two week high of $22.27. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.03 and a current ratio of 1.55.

V.F. (NYSE:VFC) last released its quarterly earnings results on Wednesday, January 28th. The textile maker reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.81 billion. V.F. had a net margin of 2.33% and a return on equity of 19.08%. V.F.’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share. On average, equities research analysts anticipate that V.F. will post 0.83 earnings per share for the current year.

V.F. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.8%. V.F.’s payout ratio is presently 65.45%.

Insider Activity at V.F.

In related news, Director Juliana L. Chugg sold 6,678 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $21.30, for a total value of $142,241.40. Following the completion of the transaction, the director owned 40 shares of the company’s stock, valued at approximately $852. This represents a 99.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On V.F.

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in V.F. by 59.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 1,027 shares during the last quarter. Root Financial Partners LLC raised its position in shares of V.F. by 282.9% in the 1st quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after acquiring an additional 2,255 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of V.F. by 705.8% during the third quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock valued at $54,000 after buying an additional 3,282 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of V.F. by 50.1% during the third quarter. Farther Finance Advisors LLC now owns 7,465 shares of the textile maker’s stock worth $108,000 after purchasing an additional 2,490 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in V.F. by 30.5% in the fourth quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock valued at $199,000 after buying an additional 2,570 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

About V.F.

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.