VF Corporation (NYSE:VFC) Receives $19.63 Average Target Price from Brokerages

VF Corporation (NYSE:VFC) has earned a consensus rating of “Hold” from the twenty ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $19.84.

VFC has been the topic of several analyst reports. Robert W. Baird raised their target price on VF from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. StockNews.com raised VF from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. OTR Global raised shares of VF from a “mixed” rating to a “positive” rating in a report on Friday, January 10th. Guggenheim raised their target price on shares of VF from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group initiated coverage on shares of VF in a research report on Friday, October 11th. They set a “neutral” rating and a $20.00 price target on the stock.

VF Stock Performance

VFC stock opened at $25.44 on Monday. The stock’s fifty day moving average is $21.98 and its two-hundred day moving average is $19.61. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of -14.70, a PEG ratio of 9.74 and a beta of 1.45. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. VF has a 1 year low of $11.00 and a 1 year high of $29.02.

VF (NYSE:VFC) last posted its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same quarter last year, the business posted $0.57 earnings per share. On average, research analysts predict that VF will post 0.48 EPS for the current year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.42%. VF’s dividend payout ratio is currently -20.81%.

Institutional Investors Weigh In On VF

A number of large investors have recently made changes to their positions in VFC. American Century Companies Inc. lifted its holdings in shares of VF by 22.3% in the second quarter. American Century Companies Inc. now owns 88,093 shares of the textile maker’s stock valued at $1,189,000 after purchasing an additional 16,041 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in VF by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker’s stock worth $55,694,000 after acquiring an additional 113,128 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in VF by 37.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,072 shares of the textile maker’s stock worth $365,000 after acquiring an additional 7,380 shares during the period. Sei Investments Co. grew its stake in VF by 26.7% during the 2nd quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock valued at $2,796,000 after acquiring an additional 43,697 shares in the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in shares of VF in the 2nd quarter valued at about $226,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.