VF Corporation (NYSE:VFC) Given Average Recommendation of “Hold” by Brokerages

VF Corporation (NYSE:VFC) has received a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $17.24.

VFC has been the subject of several recent analyst reports. StockNews.com downgraded VF from a “hold” rating to a “sell” rating in a report on Friday, October 18th. Wells Fargo & Company downgraded shares of VF from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Monday, October 14th. Citigroup raised shares of VF from a “neutral” rating to a “buy” rating and raised their price target for the stock from $11.00 to $20.00 in a report on Thursday, July 18th. Evercore ISI boosted their price objective on shares of VF from $14.00 to $16.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. Finally, Wedbush restated a “neutral” rating and issued a $13.00 target price on shares of VF in a research note on Monday, August 5th.

VF Trading Down 3.4 %

NYSE VFC opened at $17.18 on Friday. VF has a 52 week low of $11.00 and a 52 week high of $21.40. The company has a 50 day moving average price of $18.54 and a 200 day moving average price of $15.50. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. The firm has a market cap of $6.68 billion, a PE ratio of -6.87, a price-to-earnings-growth ratio of 2.19 and a beta of 1.53.

VF (NYSE:VFC) last issued its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the firm posted ($0.15) earnings per share. The business’s quarterly revenue was down 8.9% on a year-over-year basis. As a group, sell-side analysts forecast that VF will post 0.73 EPS for the current fiscal year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Tuesday, September 10th. VF’s dividend payout ratio is currently -14.40%.

Insider Buying and Selling

In other news, Director Richard Carucci acquired 15,000 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. M&G Plc purchased a new position in VF during the first quarter valued at $200,768,000. Pacer Advisors Inc. boosted its holdings in VF by 28.0% in the 2nd quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after buying an additional 2,589,852 shares during the last quarter. Capital World Investors purchased a new stake in VF during the 1st quarter worth approximately $30,527,000. Principal Financial Group Inc. raised its holdings in shares of VF by 328.0% during the second quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after acquiring an additional 1,244,448 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of VF by 1,365.2% in the second quarter. Public Sector Pension Investment Board now owns 727,148 shares of the textile maker’s stock valued at $9,816,000 after acquiring an additional 677,519 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

VF Company Profile

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.