VF Corporation (NYSE:VFC) Receives $19.11 Average Target Price from Brokerages

VF Corporation (NYSE:VFC) has been given an average recommendation of “Hold” by the twenty ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $19.11.

A number of equities research analysts have recently weighed in on VFC shares. Jefferies Financial Group started coverage on VF in a research report on Friday, September 27th. They issued a “hold” rating and a $20.00 price objective on the stock. Barclays boosted their price objective on shares of VF from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Truist Financial initiated coverage on shares of VF in a research report on Thursday, December 5th. They set a “hold” rating and a $20.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of VF from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

VF Stock Up 1.7 %

Shares of VF stock opened at $21.51 on Thursday. 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 52-week low of $11.00 and a 52-week high of $23.49. The company’s 50 day moving average price is $20.99 and its 200-day moving average price is $18.44. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of -12.43, a P/E/G ratio of 8.19 and a beta of 1.45.

VF (NYSE:VFC) last announced its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.19. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Equities research analysts forecast that VF will post 0.48 EPS for the current year.

VF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.36 annualized dividend and a yield of 1.67%. VF’s dividend payout ratio (DPR) is presently -20.81%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VFC. Zurcher Kantonalbank Zurich Cantonalbank raised its position in VF by 21.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,645 shares of the textile maker’s stock worth $900,000 after buying an additional 11,799 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in VF by 5.5% during the second quarter. Commonwealth Equity Services LLC now owns 187,196 shares of the textile maker’s stock valued at $2,527,000 after purchasing an additional 9,770 shares during the period. Banque Cantonale Vaudoise boosted its holdings in VF by 113.3% in the second quarter. Banque Cantonale Vaudoise now owns 6,860 shares of the textile maker’s stock worth $93,000 after purchasing an additional 3,644 shares during the last quarter. Summit Financial LLC bought a new stake in VF in the 2nd quarter worth approximately $137,000. Finally, Natixis Advisors LLC raised its stake in VF by 39.8% during the 2nd quarter. Natixis Advisors LLC now owns 21,486 shares of the textile maker’s stock valued at $290,000 after buying an additional 6,113 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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.