VF Corporation (NYSE:VFC) Receives $18.19 Average PT from Analysts

Shares of VF Corporation (NYSE:VFC) have been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three 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 $18.19.

A number of research firms recently weighed in on VFC. Stifel Nicolaus increased their price target on VF from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Wedbush restated a “neutral” rating and set a $13.00 target price on shares of VF in a research note on Monday, August 5th. Barclays upped their price target on shares of VF from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. UBS Group boosted their price objective on VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Finally, StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th.

VF Stock Performance

Shares of VFC stock opened at $19.29 on Wednesday. The company has a fifty day moving average price of $19.50 and a two-hundred day moving average price of $16.50. VF has a one year low of $11.00 and a one year high of $23.09. The stock has a market cap of $7.51 billion, a P/E ratio of -11.15, a P/E/G ratio of 7.69 and a beta of 1.52. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88.

VF (NYSE:VFC) last posted its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. VF’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.63 earnings per share. As a group, equities analysts predict that VF will post 0.49 EPS for the current year.

VF Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.87%. VF’s dividend payout ratio (DPR) is -20.81%.

Insider Buying and Selling at VF

In other VF news, Director Richard Carucci purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were bought at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. This trade represents a 6.97 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

Institutional Trading of VF

Several large investors have recently bought and sold shares of the business. M&G Plc acquired a new position in VF during the 1st quarter worth approximately $200,768,000. Pacer Advisors Inc. grew its position in VF by 28.0% during the 2nd quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after acquiring an additional 2,589,852 shares during the last quarter. Capital World Investors acquired a new position in VF in the 1st quarter worth about $30,527,000. Principal Financial Group Inc. raised its position in VF by 328.0% in the second 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 during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake 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 purchasing an additional 677,519 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

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.