V.F. Co. (NYSE:VFC) Receives Consensus Recommendation of “Hold” from Analysts

V.F. Co. (NYSE:VFC) has been given a consensus recommendation of “Hold” by the seventeen brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $15.19.

A number of analysts recently weighed in on VFC shares. Wedbush reiterated a “neutral” rating and issued a $13.00 price target on shares of V.F. in a research report on Monday, August 5th. Barclays boosted their price target on shares of V.F. from $12.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. StockNews.com raised V.F. from a “sell” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group decreased their target price on V.F. from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. Finally, Wells Fargo & Company raised their price target on V.F. from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th.

V.F. Price Performance

Shares of VFC stock opened at $17.40 on Monday. The firm’s 50 day moving average price is $14.62 and its two-hundred day moving average price is $14.47. The stock has a market cap of $6.77 billion, a PE ratio of -6.96, a PEG ratio of 1.27 and a beta of 1.52. V.F. has a 52-week low of $11.00 and a 52-week high of $21.17. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.71 and a current ratio of 1.22.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. V.F. had a positive return on equity of 10.86% and a negative net margin of 11.39%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm earned ($0.15) earnings per share. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. As a group, analysts forecast that V.F. will post 0.85 EPS for the current year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 2.07%. V.F.’s payout ratio is presently -14.40%.

Insider Buying and Selling at V.F.

In related news, Director Richard Carucci acquired 25,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of $13.78 per share, with a total value of $344,500.00. Following the acquisition, the director now owns 215,130 shares in the company, valued at approximately $2,964,491.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other V.F. news, insider Bracken Darrell acquired 75,200 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $13.26 per share, with a total value of $997,152.00. Following the completion of the transaction, the insider now directly owns 219,972 shares in the company, valued at approximately $2,916,828.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard Carucci bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average cost of $13.78 per share, for a total transaction of $344,500.00. Following the completion of the acquisition, the director now directly owns 215,130 shares in the company, valued at approximately $2,964,491.40. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On V.F.

Several hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC bought a new position in shares of V.F. in the fourth quarter valued at about $25,000. Mather Group LLC. acquired a new stake in V.F. during the first quarter worth approximately $27,000. Allworth Financial LP boosted its holdings in shares of V.F. by 111.5% during the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after acquiring an additional 958 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of V.F. during the first quarter worth approximately $31,000. Finally, ORG Partners LLC bought a new position in shares of V.F. during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

V.F. Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.