VF’s (VFC) “Neutral” Rating Reiterated at Piper Sandler

Piper Sandler reaffirmed their neutral rating on shares of VF (NYSE:VFC) in a report released on Thursday, Marketbeat Ratings reports. Piper Sandler currently has a $18.00 target price on the textile maker’s stock.

A number of other analysts also recently issued reports on VFC. BMO Capital Markets raised their price target on shares of VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Needham & Company LLC reissued a “buy” rating and set a $28.00 target price on shares of VF in a research note on Friday, March 7th. Telsey Advisory Group restated a “market perform” rating and issued a $27.00 target price on shares of VF in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, Argus upgraded shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, VF presently has an average rating of “Hold” and an average price target of $22.67.

VF Stock Down 4.6 %

Shares of NYSE:VFC opened at $15.71 on Thursday. VF has a 52-week low of $11.00 and a 52-week high of $29.02. The stock has a market cap of $6.12 billion, a P/E ratio of -13.20, a PEG ratio of 6.77 and a beta of 1.46. The business has a fifty day moving average of $22.32 and a two-hundred day moving average of $21.06. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC) last announced its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $0.57 EPS. On average, research analysts expect that VF will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, March 10th. This represents a $0.36 annualized dividend and a yield of 2.29%. VF’s dividend payout ratio (DPR) is -30.25%.

Hedge Funds Weigh In On VF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CKW Financial Group raised its holdings in VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after purchasing an additional 3,008 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of VF in the 4th quarter valued at $1,878,000. Fiduciary Alliance LLC lifted its position in shares of 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 purchasing an additional 16,431 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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.