V.F. Corporation (NYSE:VFC) Stock Has Average Target Price of $17.92 According to Analysts

V.F. Corporation (NYSE:VFC) has received an average rating of “Hold” from the twenty-one analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $18.08.

Several research firms have recently weighed in on VFC. BTIG Research reaffirmed a “buy” rating on shares of V.F. in a research note on Friday, July 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of V.F. in a research report on Tuesday, September 1st. UBS Group reduced their price target on V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Piper Sandler raised shares of V.F. from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $16.00 to $20.00 in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of V.F. in a report on Thursday, September 17th. They set a “hold” rating and a $14.00 price objective for the company.

Insider Activity

In other news, insider Bracken Darrell bought 32,894 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $14.98 per share, for a total transaction of $492,752.12. Following the transaction, the insider owned 1,402,109 shares in the company, valued at $21,003,592.82. The trade was a 2.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Carucci acquired 20,000 shares of V.F. stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of $14.73 per share, for a total transaction of $294,600.00. Following the completion of the purchase, the director directly owned 356,215 shares of the company’s stock, valued at $5,247,046.95. The trade was a 5.95% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.54% of the company’s stock.

Institutional Trading of V.F.

Several institutional investors have recently added to or reduced their stakes in the business. Avail Investment Partners LLC bought a new stake in shares of V.F. during the 3rd quarter valued at about $151,000. Aspiriant LLC acquired a new position in V.F. during the 3rd quarter valued at approximately $145,000. Assenagon Asset Management S.A. boosted its position in V.F. by 242.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 765,146 shares of the textile maker’s stock valued at $10,758,000 after purchasing an additional 541,627 shares during the period. Curated Wealth Partners LLC bought a new position in V.F. during the 3rd quarter worth $673,000. Finally, B.A. Schrock Wealth Management Inc. bought a new position in V.F. during the 3rd quarter worth $1,429,000. Institutional investors own 86.84% of the company’s stock.

V.F. Stock Down 0.6%

Shares of NYSE VFC opened at $16.89 on Wednesday. V.F. has a 12-month low of $12.45 and a 12-month high of $22.27. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.43 and a quick ratio of 0.78. The firm’s 50-day moving average is $14.10 and its two-hundred day moving average is $16.20. The company has a market capitalization of $6.64 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 0.89 and a beta of 1.56.

V.F. (NYSE:VFC) last released its quarterly earnings results on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). V.F. had a return on equity of 18.91% and a net margin of 2.88%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm earned ($0.24) earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. Equities analysts anticipate that V.F. will post 1.10 EPS for the current fiscal year.

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th were paid 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 was Thursday, September 10th. V.F.’s dividend payout ratio is 52.17%.

V.F. Company Profile

V.F. Corporation (NYSE: VFC) is a global apparel, footwear and accessories company. Its portfolio includes well-known outdoor, active and workwear brands such as The North Face, Vans, Timberland and Dickies, which offer products ranging from outdoor clothing and hiking footwear to casual apparel, skate shoes and workwear.

The company sells its products through wholesale customers, brand-operated stores, e-commerce platforms and other digital channels. V.F. serves consumers in markets worldwide, with operations and distribution spanning North America, Europe, Asia-Pacific and other international regions.

Founded in 1899 as a manufacturer of gloves and mittens, the company later expanded into apparel and became known as Vanity Fair Mills before adopting the V.F.