Analysts Set V.F. Corporation (NYSE:VFC) PT at $18.21

V.F. Corporation (NYSE:VFC) has been given an average recommendation of “Hold” by the nineteen ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $18.2059.

A number of research firms recently weighed in on VFC. Evercore set a $16.00 price target on shares of V.F. in a research report on Thursday, July 30th. Telsey Advisory Group decreased their price objective on shares of V.F. from $20.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, July 30th. Wall Street Zen cut shares of V.F. from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. The Goldman Sachs Group cut their target price on V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Barclays reduced their target price on V.F. from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Thursday, July 30th.

V.F. Trading Up 0.1%

Shares of V.F. stock opened at $13.66 on Tuesday. The company has a market capitalization of $5.37 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 0.98 and a beta of 1.57. The stock has a fifty day simple moving average of $15.80 and a 200 day simple moving average of $17.28. V.F. has a 12-month low of $13.02 and a 12-month high of $22.27. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.05). V.F. had a net margin of 2.88% and a return on equity of 18.91%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the business posted ($0.24) earnings per share. V.F.’s revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that V.F. will post 1.07 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, September 10th. V.F.’s dividend payout ratio is currently 52.17%.

Insider Buying and Selling

In other news, Director Richard Carucci acquired 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average price of $17.17 per share, for a total transaction of $515,100.00. Following the completion of the purchase, the director owned 336,043 shares in the company, valued at approximately $5,769,858.31. This trade represents a 9.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bracken Darrell acquired 32,894 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $14.98 per share, for a total transaction of $492,752.12. Following the purchase, the insider owned 1,402,109 shares of the company’s stock, valued at $21,003,592.82. The trade was a 2.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 82,894 shares of company stock valued at $1,302,452 over the last three months. Insiders own 1.54% of the company’s stock.

Institutional Trading of V.F.

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of V.F. by 27.9% during the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after acquiring an additional 588 shares during the period. Root Financial Partners LLC raised its stake in V.F. by 282.9% in the 1st quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 2,255 shares during the period. EverSource Wealth Advisors LLC raised its stake in V.F. by 151.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock valued at $125,000 after acquiring an additional 4,167 shares during the period. Versant Capital Management Inc lifted its holdings in V.F. by 213.7% during the second quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock valued at $135,000 after purchasing an additional 5,503 shares during the last quarter. Finally, Nykredit A S bought a new position in V.F. during the second quarter worth about $179,000. 86.84% of the stock is currently owned by institutional investors.

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.