V.F. Corporation (NYSE:VFC) Given Average Recommendation of “Hold” by Analysts

Shares of V.F. Corporation (NYSE:VFC) have been given a consensus rating of “Hold” by the twenty-one research firms that are currently covering the company, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $16.21.

A number of research firms recently issued reports on VFC. Citigroup downgraded shares of V.F. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $30.00 to $12.00 in a research report on Monday, April 7th. Barclays set a $16.00 price objective on shares of V.F. and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. The Goldman Sachs Group reduced their target price on shares of V.F. from $25.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen cut shares of V.F. from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, Truist Financial cut their price objective on V.F. from $24.00 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, May 22nd.

V.F. Stock Performance

NYSE:VFC opened at $11.43 on Thursday. The company has a market cap of $4.45 billion, a P/E ratio of -22.86, a P/E/G ratio of 1.26 and a beta of 1.69. The firm’s 50 day moving average is $12.46 and its two-hundred day moving average is $17.79. V.F. has a fifty-two week low of $9.41 and a fifty-two week high of $29.02. The company has a quick ratio of 0.80, a current ratio of 1.40 and a debt-to-equity ratio of 2.30.

V.F. (NYSE:VFC) last issued its earnings results on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.17 billion. V.F. had a positive return on equity of 20.14% and a negative net margin of 1.97%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.32) earnings per share. Analysts expect that V.F. will post 0.73 EPS for the current year.

V.F. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 10th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.15%. V.F.’s dividend payout ratio (DPR) is presently -72.00%.

Insider Buying and Selling at V.F.

In other news, insider Bracken Darrell acquired 85,840 shares of the business’s stock in a transaction on Friday, May 23rd. The shares were purchased at an average price of $11.73 per share, for a total transaction of $1,006,903.20. Following the completion of the purchase, the insider now directly owns 295,406 shares of the company’s stock, valued at $3,465,112.38. This represents a 40.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Carucci purchased 50,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $12.05 per share, with a total value of $602,500.00. Following the completion of the acquisition, the director now directly owns 280,282 shares in the company, valued at approximately $3,377,398.10. The trade was a 21.71% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 185,840 shares of company stock worth $2,198,403 in the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Trading of V.F.

A number of institutional investors and hedge funds have recently modified their holdings of VFC. SG Americas Securities LLC bought a new stake in shares of V.F. during the 1st quarter valued at about $350,000. Entropy Technologies LP acquired a new position in V.F. during the 1st quarter valued at approximately $749,000. Amalgamated Bank grew its position in shares of V.F. by 46.2% during the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker’s stock worth $2,365,000 after acquiring an additional 48,151 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of V.F. by 11.1% in the 1st quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker’s stock worth $4,306,000 after acquiring an additional 27,727 shares during the period. Finally, Fiduciary Alliance LLC lifted its position in V.F. by 16.4% in the 1st quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker’s stock valued at $4,634,000 after purchasing an additional 42,065 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

About V.F.

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.