V.F.’s (VFC) “Maintains” Rating Reaffirmed at 888

Posted by James Conley on May 26th, 2023

888 reiterated their maintains rating on shares of V.F. (NYSE:VFC – Get Rating) in a research note published on Monday morning, Benzinga reports.

Several other research analysts have also commented on VFC. Barclays dropped their price target on shares of V.F. from $26.00 to $20.00 in a research note on Thursday. Wedbush lowered their target price on shares of V.F. from $29.00 to $19.00 in a research note on Monday. Edward Jones upgraded shares of V.F. from a hold rating to a buy rating in a research note on Thursday, April 13th. Telsey Advisory Group reiterated an outperform rating and issued a $36.00 target price on shares of V.F. in a research note on Wednesday, February 8th. Finally, Bank of America lowered their target price on shares of V.F. from $20.00 to $18.00 in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $28.42.

V.F. Stock Down 4.9 %

V.F. stock opened at $17.45 on Monday. The firm has a market cap of $6.78 billion, a PE ratio of 56.29, a P/E/G ratio of 2.74 and a beta of 1.44. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.58 and a current ratio of 1.45. The firm’s 50 day moving average price is $21.54 and its two-hundred day moving average price is $26.02. V.F. has a twelve month low of $17.43 and a twelve month high of $51.40.

V.F. (NYSE:VFC – Get Rating) last released its quarterly earnings data on Tuesday, May 23rd. The textile maker reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. V.F. had a net margin of 1.02% and a return on equity of 25.78%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the business earned $0.45 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, research analysts predict that V.F. will post 2.11 EPS for the current fiscal year.

V.F. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Monday, June 12th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.88%. The ex-dividend date of this dividend is Friday, June 9th. V.F.’s dividend payout ratio is currently 387.11%.

Insider Activity at V.F.

In other news, Director Carol L. Roberts purchased 7,109 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The stock was purchased at an average cost of $21.07 per share, with a total value of $149,786.63. Following the acquisition, the director now directly owns 7,109 shares of the company’s stock, valued at approximately $149,786.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On V.F.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TCI Wealth Advisors Inc. increased its position in V.F. by 345.7% in the 4th quarter. TCI Wealth Advisors Inc. now owns 927 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 719 shares in the last quarter. SJS Investment Consulting Inc. increased its position in V.F. by 50.4% in the 4th quarter. SJS Investment Consulting Inc. now owns 1,006 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 337 shares in the last quarter. General Partner Inc. acquired a new stake in V.F. in the 4th quarter valued at about $30,000. North Star Investment Management Corp. increased its position in V.F. by 1,000.0% in the 1st quarter. North Star Investment Management Corp. now owns 1,320 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Bogart Wealth LLC increased its position in V.F. by 878.9% in the 4th quarter. Bogart Wealth LLC now owns 1,116 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 1,002 shares in the last quarter. Institutional investors and hedge funds own 96.89% of the company’s stock.

V.F. Company Profile

(Get Rating)

VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.