VF Corporation (NYSE:VFC) Announces Quarterly Dividend of $0.09

VF Corporation (NYSE:VFC) declared a quarterly dividend on Monday, October 28th, RTT News reports. Investors of record on Tuesday, December 10th will be paid a dividend of 0.09 per share by the textile maker on Wednesday, December 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.67%.

VF has decreased its dividend payment by an average of 20.0% per year over the last three years. VF has a payout ratio of 39.6% meaning its dividend is sufficiently covered by earnings. Analysts expect VF to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 43.4%.

VF Stock Performance

Shares of VFC opened at $21.62 on Wednesday. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of -7.16, a PEG ratio of 3.27 and a beta of 1.53. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. The business’s 50 day moving average is $18.62 and its two-hundred day moving average is $15.64. VF has a 52-week low of $11.00 and a 52-week high of $21.93.

VF (NYSE:VFC) last posted its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.19. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.72 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. Analysts forecast that VF will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard Carucci acquired 15,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were bought at an average price of $16.70 per share, with a total value of $250,500.00. Following the purchase, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on VFC shares. Wedbush reaffirmed a “neutral” rating and issued a $13.00 price target on shares of VF in a report on Monday, August 5th. The Goldman Sachs Group assumed coverage on VF in a research note on Friday, October 11th. They issued a “neutral” rating and a $20.00 target price for the company. BMO Capital Markets increased their price target on VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company lowered VF from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $16.00 to $15.00 in a research report on Monday, October 14th. Finally, Stifel Nicolaus increased their target price on VF from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.18.

VF 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.