Brokerages Set VF Corporation (NYSE:VFC) PT at $18.29

VF Corporation (NYSE:VFC) has received a consensus rating of “Hold” from the twenty research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $18.78.

VFC has been the subject of several analyst reports. Argus upgraded VF to a “hold” rating in a report on Wednesday, August 28th. Guggenheim boosted their price objective on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Citigroup boosted their target price on shares of VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company lowered VF from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $16.00 to $15.00 in a research note on Monday, October 14th.

Hedge Funds Weigh In On VF

A number of hedge funds have recently modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new position in VF during the third quarter worth $40,000. Abich Financial Wealth Management LLC acquired a new stake in shares of VF during the 2nd quarter worth about $60,000. Banque Cantonale Vaudoise lifted its holdings in VF by 113.3% during the 2nd quarter. Banque Cantonale Vaudoise now owns 6,860 shares of the textile maker’s stock valued at $93,000 after purchasing an additional 3,644 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in VF in the second quarter valued at about $103,000. Finally, Kessler Investment Group LLC grew its stake in VF by 49.2% during the second quarter. Kessler Investment Group LLC now owns 9,347 shares of the textile maker’s stock worth $126,000 after buying an additional 3,084 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

VF Stock Performance

Shares of VFC stock opened at $21.08 on Friday. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of -12.18, a P/E/G ratio of 8.19 and a beta of 1.49. VF has a 1-year low of $11.00 and a 1-year high of $23.09. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. The stock’s fifty day simple moving average is $20.04 and its 200-day simple moving average is $17.47.

VF (NYSE:VFC) last announced its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts predict that VF will post 0.48 earnings per share for the current fiscal year.

VF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 10th. VF’s dividend payout ratio is -20.81%.

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.