V.F. Corporation (NYSE:VFC) Receives $18.58 Average PT from Brokerages

Shares of V.F. Corporation (NYSE:VFC) have received an average recommendation of “Hold” from the twenty-one brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $18.5833.

VFC has been the subject of a number of research analyst reports. Seaport Research Partners raised V.F. from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, April 14th. Zacks Research cut V.F. from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Barclays reduced their target price on V.F. from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Evercore set a $18.00 target price on V.F. in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $18.00 price target (down from $19.00) on shares of V.F. in a research report on Monday, February 23rd.

V.F. Stock Performance

Shares of VFC stock opened at $17.97 on Thursday. The stock has a market cap of $7.04 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57. The business has a 50-day simple moving average of $18.00 and a 200-day simple moving average of $18.45. The company has a quick ratio of 1.21, a current ratio of 1.84 and a debt-to-equity ratio of 1.90. V.F. has a 52-week low of $11.06 and a 52-week high of $22.27.

V.F. (NYSE:VFC) last announced its earnings results on Wednesday, May 20th. The textile maker reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.28). V.F. had a net margin of 2.65% and a return on equity of 21.05%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the company earned ($0.13) EPS. V.F.’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts expect that V.F. will post 1.1 EPS for the current year.

V.F. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Wednesday, June 10th will be given a $0.09 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.0%. V.F.’s dividend payout ratio is 56.25%.

Insider Activity

In related news, Director Richard Carucci purchased 30,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of $17.17 per share, for a total transaction of $515,100.00. Following the completion of the transaction, the director directly owned 336,043 shares of the company’s stock, valued at approximately $5,769,858.31. This trade represents a 9.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On V.F.

A number of large investors have recently made changes to their positions in VFC. Segall Bryant & Hamill LLC grew its position in shares of V.F. by 43.4% in the third quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock valued at $71,257,000 after purchasing an additional 1,495,148 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in V.F. in the first quarter worth approximately $3,209,000. Russell Investments Group Ltd. grew its position in V.F. by 14.0% in the fourth quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock worth $11,930,000 after acquiring an additional 81,006 shares during the period. Fiduciary Alliance LLC grew its position in V.F. by 10.3% in the fourth quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock worth $11,707,000 after acquiring an additional 60,619 shares during the period. Finally, Entropy Technologies LP purchased a new position in V.F. in the first quarter worth approximately $815,000. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

V.F. Company Profile

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.