VF Corporation (NYSE:VFC) Receives Average Recommendation of “Hold” from Analysts

Shares of VF Corporation (NYSE:VFC) have been assigned an average recommendation of “Hold” from the twenty-one research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $22.90.

A number of research firms have commented on VFC. Needham & Company LLC reissued a “buy” rating and set a $28.00 target price on shares of VF in a research report on Friday, March 7th. OTR Global raised shares of VF from a “mixed” rating to a “positive” rating in a research note on Friday, January 10th. BMO Capital Markets increased their target price on VF from $14.00 to $25.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. The Goldman Sachs Group boosted their price target on VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, Barclays raised their price objective on VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CKW Financial Group raised its holdings in shares of VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after buying an additional 3,008 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in VF in the fourth quarter valued at $1,878,000. Fiduciary Alliance LLC lifted its holdings in VF by 6.8% during the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after buying an additional 16,431 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in shares of VF by 1.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after acquiring an additional 65,919 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Stock Up 0.6 %

Shares of NYSE:VFC opened at $16.36 on Tuesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. The business has a 50 day simple moving average of $23.01 and a two-hundred day simple moving average of $21.11. VF has a 1 year low of $11.00 and a 1 year high of $29.02. The firm has a market capitalization of $6.37 billion, a PE ratio of -13.74, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46.

VF (NYSE:VFC) last posted its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period in the prior year, the firm posted $0.57 EPS. On average, equities analysts predict that VF will post 0.73 EPS 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 paid a dividend of $0.09 per share. The ex-dividend date was Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.20%. VF’s payout ratio is -30.25%.

VF Company Profile

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.