VF (NYSE:VFC) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of VF (NYSE:VFC) in a research report report published on Friday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $20.00 price objective on the textile maker’s stock.

Several other research firms have also recently commented on VFC. BMO Capital Markets boosted their target price on VF from $13.00 to $14.00 and gave the stock a market perform rating in a research report on Wednesday, August 7th. Wedbush reissued a neutral rating and set a $13.00 price objective on shares of VF in a report on Monday, August 5th. StockNews.com raised shares of VF from a sell rating to a hold rating in a research note on Thursday, August 8th. Telsey Advisory Group boosted their price target on shares of VF from $15.00 to $19.00 and gave the stock a market perform rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of VF from $17.00 to $16.00 and set a neutral rating on the stock in a research report on Monday, September 16th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $16.41.

VF Price Performance

VFC stock opened at $19.59 on Friday. The firm has a 50 day moving average of $17.45 and a 200-day moving average of $14.85. The firm has a market capitalization of $7.62 billion, a P/E ratio of -7.84, a price-to-earnings-growth ratio of 2.15 and a beta of 1.53. VF has a 12 month low of $11.00 and a 12 month high of $20.69. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84.

VF (NYSE:VFC) last announced its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.15) EPS. As a group, sell-side analysts predict that VF will post 0.72 earnings per share for the current fiscal year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 1.84%. VF’s payout ratio is -14.40%.

Insider Transactions at VF

In other news, Director Richard Carucci purchased 15,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the acquisition, the director now directly owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. M&G Plc purchased a new position in shares of VF during the first quarter valued at approximately $200,768,000. Pacer Advisors Inc. raised its holdings in VF by 28.0% in the 2nd quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after purchasing an additional 2,589,852 shares in the last quarter. Capital World Investors purchased a new stake in shares of VF in the 1st quarter worth about $30,527,000. Principal Financial Group Inc. boosted its stake in shares of VF by 328.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after purchasing an additional 1,244,448 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of VF by 1,365.2% during the second quarter. Public Sector Pension Investment Board now owns 727,148 shares of the textile maker’s stock valued at $9,816,000 after buying an additional 677,519 shares during the period. Institutional investors own 86.84% of the company’s stock.

About VF

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.