VF Corporation (NYSE:VFC) Receives Average Rating of “Hold” from Brokerages

VF Corporation (NYSE:VFC) has earned an average recommendation of “Hold” from the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.11.

Several research firms have recently commented on VFC. Argus upgraded 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. TD Cowen boosted their price objective on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Citigroup increased their price objective on VF from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Wells Fargo & Company downgraded shares of VF from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $16.00 to $15.00 in a research note on Monday, October 14th. Finally, The Goldman Sachs Group started coverage on shares of VF in a research report on Friday, October 11th. They set a “neutral” rating and a $20.00 price target for the company.

Hedge Funds Weigh In On VF

Several institutional investors and hedge funds have recently added to or reduced their stakes in VFC. Future Financial Wealth Managment LLC purchased a new stake in shares of VF in the 3rd quarter worth about $40,000. Abich Financial Wealth Management LLC bought a new position in shares of VF during the second quarter valued at approximately $60,000. Banque Cantonale Vaudoise lifted its holdings in shares of VF by 113.3% during the second quarter. Banque Cantonale Vaudoise now owns 6,860 shares of the textile maker’s stock valued at $93,000 after purchasing an additional 3,644 shares during the last quarter. Summit Financial LLC bought a new stake in shares of VF in the 2nd quarter worth approximately $137,000. Finally, Legacy Financial Advisors Inc. purchased a new stake in shares of VF in the 2nd quarter worth approximately $158,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

VF Stock Down 0.1 %

Shares of VFC opened at $21.55 on Thursday. VF has a 1 year low of $11.00 and a 1 year high of $23.49. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The stock has a 50 day simple moving average of $20.97 and a two-hundred day simple moving average of $18.51. The firm has a market cap of $8.39 billion, a P/E ratio of -12.46, a P/E/G ratio of 8.19 and a beta of 1.45.

VF (NYSE:VFC) last announced its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, analysts forecast that VF will post 0.48 earnings per share for the current fiscal year.

VF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were paid a $0.09 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.36 annualized dividend and a yield of 1.67%. VF’s payout ratio is -20.81%.

About VF

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.