V.F. Corporation (NYSE:VFC) Given Consensus Rating of “Hold” by Analysts

Shares of V.F. Corporation (NYSE:VFC) have earned an average recommendation of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.1563.

VFC has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of V.F. from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 16th. Piper Sandler lifted their price target on shares of V.F. from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Stifel Nicolaus upped their price objective on shares of V.F. from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. Barclays restated an “overweight” rating on shares of V.F. in a research note on Thursday, January 29th. Finally, Wall Street Zen raised V.F. from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st.

V.F. Stock Performance

Shares of NYSE:VFC opened at $17.27 on Tuesday. The business’s 50-day simple moving average is $19.59 and its 200 day simple moving average is $17.11. The company has a market cap of $6.76 billion, a P/E ratio of 31.40, a PEG ratio of 1.19 and a beta of 1.64. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.03 and a current ratio of 1.55. V.F. has a one year low of $9.41 and a one year high of $21.92.

V.F. (NYSE:VFC) last released its quarterly earnings results on Wednesday, January 28th. The textile maker reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. V.F. had a return on equity of 19.08% and a net margin of 2.33%.The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the business earned $0.62 EPS. V.F.’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts forecast that V.F. will post 0.73 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, March 10th. V.F.’s dividend payout ratio is presently 65.45%.

Insider Buying and Selling at V.F.

In other news, Director Juliana L. Chugg sold 6,678 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $21.30, for a total transaction of $142,241.40. Following the completion of the sale, the director owned 40 shares of the company’s stock, valued at approximately $852. This trade represents a 99.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Trading of V.F.

Several institutional investors have recently added to or reduced their stakes in VFC. Russell Investments Group Ltd. boosted its stake in V.F. by 14.0% during the 4th quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock valued at $11,930,000 after acquiring an additional 81,006 shares during the last quarter. Captrust Financial Advisors increased its position in shares of V.F. by 28.0% in the 4th quarter. Captrust Financial Advisors now owns 90,873 shares of the textile maker’s stock worth $1,643,000 after purchasing an additional 19,880 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of V.F. by 0.8% in the 4th quarter. New York State Common Retirement Fund now owns 540,861 shares of the textile maker’s stock valued at $9,779,000 after purchasing an additional 4,249 shares in the last quarter. Optimize Financial Inc lifted its position in shares of V.F. by 1.5% during the fourth quarter. Optimize Financial Inc now owns 40,379 shares of the textile maker’s stock worth $730,000 after purchasing an additional 580 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in V.F. by 151.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock worth $125,000 after purchasing an additional 4,167 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.