VF Corporation (NYSE:VFC) Receives $17.24 Consensus PT from Brokerages

VF Corporation (NYSE:VFC) has been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $17.24.

Several equities analysts recently issued reports on the stock. TD Cowen boosted their price target on shares of VF from $9.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. The Goldman Sachs Group assumed 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. Robert W. Baird boosted their price target on shares of VF from $13.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Evercore ISI boosted their price target on shares of VF from $14.00 to $16.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group started coverage on shares of VF in a research report on Friday, September 27th. They set a “hold” rating and a $20.00 price target on the stock.

VF Price Performance

VFC stock opened at $18.18 on Friday. The firm’s 50-day moving average price is $18.54 and its two-hundred day moving average price is $15.46. VF has a 12-month low of $11.00 and a 12-month high of $21.40. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of -6.02, a PEG ratio of 2.19 and a beta of 1.53. 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 released its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company earned ($0.15) earnings per share. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, equities analysts predict that VF will post 0.73 earnings per share for the current year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 1.98%. VF’s payout ratio is presently -11.92%.

Insiders Place Their Bets

In other VF news, Director Richard Carucci purchased 15,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were acquired at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the transaction, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Institutional Trading of VF

A number of hedge funds and other institutional investors have recently modified their holdings of VFC. Mather Group LLC. bought a new stake in VF in the 1st quarter valued at $27,000. Future Financial Wealth Managment LLC bought a new stake in VF in the 1st quarter valued at $31,000. Versant Capital Management Inc increased its holdings in VF by 6,981.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 2,583 shares during the last quarter. Bank & Trust Co bought a new stake in VF in the 2nd quarter valued at $35,000. Finally, Northwest Investment Counselors LLC bought a new stake in VF in the 1st quarter valued at $39,000. 86.84% of the stock is owned by hedge funds and other institutional investors.

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.