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

V.F. Co. (NYSE:VFC) has been given an average rating of “Hold” by the thirteen brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $17.88.

A number of research analysts have recently weighed in on VFC shares. Williams Trading reissued a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. Wells Fargo & Company reduced their target price on shares of V.F. from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. JPMorgan Chase & Co. reduced their target price on shares of V.F. from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, April 8th. The Goldman Sachs Group cut their price objective on shares of V.F. from $14.00 to $12.50 and set a “neutral” rating for the company in a report on Friday. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a $14.00 price objective (down from $18.00) on shares of V.F. in a report on Friday, April 12th.

V.F. Trading Up 0.2 %

Shares of VFC stock opened at $12.64 on Friday. V.F. has a 52-week low of $11.91 and a 52-week high of $23.55. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. The company has a 50-day simple moving average of $14.55 and a two-hundred day simple moving average of $16.18. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of -6.42, a PEG ratio of 1.45 and a beta of 1.47.

V.F. (NYSE:VFC) last released its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the company earned $1.12 earnings per share. The firm’s revenue was down 16.2% on a year-over-year basis. Research analysts anticipate that V.F. will post 1.1 EPS for the current fiscal year.

V.F. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s dividend payout ratio (DPR) is currently -18.27%.

Insider Transactions at V.F.

In related news, insider Bracken Darrell acquired 65,360 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $15.38 per share, with a total value of $1,005,236.80. Following the acquisition, the insider now owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Bracken Darrell acquired 65,360 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $15.38 per share, with a total value of $1,005,236.80. Following the acquisition, the insider now owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Juliana L. Chugg acquired 11,301 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $17.55 per share, with a total value of $198,332.55. Following the completion of the acquisition, the director now directly owns 26,301 shares in the company, valued at approximately $461,582.55. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

Institutional Trading of V.F.

Several hedge funds have recently added to or reduced their stakes in VFC. Cascade Investment Advisors Inc. grew its holdings in V.F. by 7.1% in the first quarter. Cascade Investment Advisors Inc. now owns 45,005 shares of the textile maker’s stock worth $690,000 after purchasing an additional 2,975 shares during the period. Verity & Verity LLC bought a new position in shares of V.F. in the first quarter worth approximately $524,000. Townsend & Associates Inc lifted its stake in shares of V.F. by 9.7% in the first quarter. Townsend & Associates Inc now owns 104,700 shares of the textile maker’s stock worth $1,606,000 after buying an additional 9,271 shares in the last quarter. Simplicity Wealth LLC bought a new position in shares of V.F. in the first quarter worth approximately $1,027,000. Finally, Maryland State Retirement & Pension System lifted its stake in shares of V.F. by 434.5% in the first quarter. Maryland State Retirement & Pension System now owns 143,831 shares of the textile maker’s stock worth $2,206,000 after buying an additional 116,923 shares in the last quarter. 86.84% of the stock is owned by institutional investors.

V.F. Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, 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.