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

Shares of V.F. Corporation (NYSE:VFC) have been assigned an average rating of “Hold” from the twenty analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $18.1563.

VFC has been the subject of a number of research analyst reports. Argus upgraded V.F. to a “strong-buy” rating in a research report on Wednesday, February 11th. Stifel Nicolaus lifted their target price on shares of V.F. from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. Citigroup boosted their price target on shares of V.F. from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. UBS Group reissued a “neutral” rating and issued a $20.00 price target on shares of V.F. in a report on Thursday, January 29th. Finally, Truist Financial set a $18.00 price objective on shares of V.F. in a research report on Wednesday, January 14th.

V.F. Stock Down 0.0%

Shares of NYSE:VFC opened at $16.87 on Friday. The firm has a fifty day moving average price of $18.61 and a two-hundred day moving average price of $17.31. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 0.88 and a beta of 1.65. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.55 and a quick ratio of 1.03. V.F. has a one year low of $9.41 and a one year high of $21.92.

V.F. (NYSE:VFC) last released 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. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.81 billion. V.F. had a net margin of 2.33% and a return on equity of 19.08%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Analysts anticipate that V.F. will post 0.73 EPS for the current fiscal year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Tuesday, March 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, March 10th. V.F.’s dividend payout ratio (DPR) is currently 65.45%.

Insider Transactions at V.F.

In other V.F. news, Director Juliana L. Chugg sold 6,678 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $21.30, for a total transaction of $142,241.40. Following the transaction, the director directly owned 40 shares in the company, valued at $852. This trade represents a 99.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On V.F.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its position in V.F. by 104.7% during the second quarter. Russell Investments Group Ltd. now owns 567,886 shares of the textile maker’s stock valued at $6,673,000 after buying an additional 290,444 shares during the period. SG Americas Securities LLC lifted its stake in shares of V.F. by 115.2% in the 3rd 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 during the last quarter. Segall Bryant & Hamill LLC boosted its holdings 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 acquiring an additional 1,495,148 shares during the period. Fiduciary Alliance LLC grew its position in V.F. by 22.0% during the 3rd quarter. Fiduciary Alliance LLC now owns 586,877 shares of the textile maker’s stock worth $8,469,000 after acquiring an additional 105,786 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in V.F. by 21.3% in the 2nd quarter. New York State Common Retirement Fund now owns 573,649 shares of the textile maker’s stock worth $6,740,000 after purchasing an additional 100,680 shares during the period. Institutional investors own 86.84% of the company’s stock.

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.