V.F. Corporation (NYSE:VFC) Receives Consensus Recommendation of “Hold” from Analysts

V.F. Corporation (NYSE:VFC) has been given a consensus recommendation of “Hold” by the twenty analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $18.1563.

VFC has been the subject of a number of recent research reports. Jefferies Financial Group began coverage on V.F. in a report on Wednesday, January 14th. They set a “hold” rating and a $18.00 target price for the company. Citigroup lifted their price target on V.F. from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Wells Fargo & Company boosted their price objective on V.F. from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 16th. Telsey Advisory Group set a $20.00 price objective on V.F. in a research note on Thursday, January 29th. Finally, Guggenheim started coverage on shares of V.F. in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock.

Insider Activity

In other news, Director Juliana L. Chugg sold 6,678 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $21.30, for a total transaction of $142,241.40. Following the completion of the transaction, the director directly owned 40 shares of the company’s stock, valued at approximately $852. This represents a 99.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Trading of V.F.

Several large investors have recently modified their holdings of VFC. Segall Bryant & Hamill LLC raised its position in V.F. by 43.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock valued at $71,257,000 after purchasing an additional 1,495,148 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of V.F. by 14.0% in the 4th quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock worth $11,930,000 after buying an additional 81,006 shares during the last quarter. Fiduciary Alliance LLC grew its position in shares of V.F. by 10.3% in the 4th quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock worth $11,707,000 after buying an additional 60,619 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of V.F. by 21.3% during the second quarter. New York State Common Retirement Fund now owns 573,649 shares of the textile maker’s stock valued at $6,740,000 after buying an additional 100,680 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of V.F. by 115.2% during the third quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker’s stock valued at $1,644,000 after acquiring an additional 60,998 shares in the last quarter. 86.84% of the stock is owned by institutional investors.

V.F. Price Performance

VFC stock opened at $16.40 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.03 and a current ratio of 1.55. V.F. has a 52 week low of $9.41 and a 52 week high of $21.92. The firm’s fifty day moving average is $18.87 and its 200 day moving average is $17.25. The firm has a market cap of $6.42 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.13 and a beta of 1.64.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Wednesday, January 28th. The textile maker reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.15. V.F. had a net margin of 2.33% and a return on equity of 19.08%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts predict that V.F. will post 0.73 earnings per share for the current year.

V.F. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, March 10th. V.F.’s dividend payout ratio (DPR) is 65.45%.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.