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

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

VFC has been the topic of several research reports. Wall Street Zen upgraded shares of V.F. from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Truist Financial set a $18.00 target price on shares of V.F. in a research report on Wednesday, January 14th. Needham & Company LLC restated a “buy” rating on shares of V.F. in a report on Thursday, January 8th. Robert W. Baird set a $25.00 price target on V.F. in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group initiated coverage on V.F. in a report on Wednesday, January 14th. They set a “hold” rating and a $18.00 price objective for the company.

Insider Buying and Selling

In related news, Director Juliana L. Chugg sold 6,678 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $21.30, for a total value of $142,241.40. Following the completion of the sale, the director directly owned 40 shares of the company’s stock, valued at approximately $852. This represents a 99.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Trading of V.F.

Several institutional investors have recently made changes to their positions in VFC. EverSource Wealth Advisors LLC raised its holdings in shares of V.F. by 59.7% in the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 1,027 shares during the last quarter. Rexford Capital Inc. purchased a new position in V.F. during the second quarter worth about $48,000. Rothschild Investment LLC grew its position in V.F. by 705.8% in the 3rd quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock worth $54,000 after purchasing an additional 3,282 shares in the last quarter. Global Wealth Strategies & Associates purchased a new stake in V.F. in the 3rd quarter valued at about $82,000. Finally, Farther Finance Advisors LLC lifted its position in shares of V.F. by 50.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,465 shares of the textile maker’s stock worth $108,000 after buying an additional 2,490 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

V.F. Trading Down 5.3%

Shares of V.F. stock opened at $17.30 on Tuesday. The stock has a market capitalization of $6.77 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 1.19 and a beta of 1.64. V.F. has a 52 week low of $9.41 and a 52 week high of $21.92. The stock has a 50 day moving average price of $19.60 and a two-hundred day moving average price of $17.05. 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. (NYSE:VFC) last issued its earnings results on Wednesday, January 28th. The textile maker reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. V.F. had a return on equity of 19.08% and a net margin of 2.33%.The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. V.F.’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities analysts anticipate that V.F. will post 0.73 earnings per share for the current fiscal year.

V.F. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.36 annualized dividend and a yield of 2.1%. V.F.’s dividend payout ratio 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.