V.F. Co. (NYSE:VFC) Given Consensus Rating of “Hold” by Brokerages

V.F. Co. (NYSE:VFCGet Rating) has earned an average recommendation of “Hold” from the twenty-six research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $62.89.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. downgraded V.F. from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $80.00 to $64.00 in a research note on Monday, January 31st. StockNews.com assumed coverage on shares of V.F. in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup lowered their price objective on shares of V.F. from $71.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, January 31st. Cowen dropped their target price on shares of V.F. from $72.00 to $61.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. Finally, BTIG Research reduced their target price on shares of V.F. from $90.00 to $71.00 and set a “na” rating for the company in a report on Wednesday, May 18th.

In related news, Director W Rodney Mcmullen purchased 3,000 shares of the stock in a transaction dated Wednesday, May 25th. The shares were acquired at an average cost of $45.40 per share, for a total transaction of $136,200.00. Following the acquisition, the director now directly owns 25,125 shares in the company, valued at approximately $1,140,675. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.85% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Community Trust NA acquired a new stake in V.F. in the fourth quarter valued at approximately $25,000. Landmark Wealth Management LLC acquired a new stake in shares of V.F. in the 1st quarter valued at $40,000. Atticus Wealth Management LLC acquired a new stake in shares of V.F. in the 4th quarter valued at $30,000. Missouri Trust & Investment Co bought a new stake in V.F. in the fourth quarter worth $30,000. Finally, Tompkins Financial Corp increased its position in V.F. by 981.4% during the first quarter. Tompkins Financial Corp now owns 465 shares of the textile maker’s stock worth $26,000 after buying an additional 422 shares during the last quarter. 88.25% of the stock is owned by institutional investors and hedge funds.

Shares of VFC opened at $50.18 on Friday. The firm has a market capitalization of $19.52 billion, a PE ratio of 14.22, a P/E/G ratio of 0.44 and a beta of 1.42. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $52.72 and a 200 day moving average price of $62.25. V.F. has a 52-week low of $44.17 and a 52-week high of $84.96.

V.F. (NYSE:VFCGet Rating) last posted its quarterly earnings data on Thursday, May 19th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.83 billion. V.F. had a net margin of 11.71% and a return on equity of 35.53%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. On average, equities analysts expect that V.F. will post 3.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 21st. Shareholders of record on Friday, June 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $2.00 annualized dividend and a yield of 3.99%. V.F.’s dividend payout ratio is presently 56.66%.

About V.F. (Get Rating)

V.F. Corporation, together with its subsidiaries, engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.

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Analyst Recommendations for V.F. (NYSE:VFC)

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