VF Corp (NYSE:VFC) has received a consensus recommendation of “Buy” from the twenty-five ratings firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $95.95.
VFC has been the subject of a number of research reports. Royal Bank of Canada reissued a “buy” rating and set a $105.00 target price on shares of VF in a report on Thursday, July 26th. Bank of America raised VF from an “underperform” rating to a “buy” rating and set a $96.00 target price for the company in a report on Friday, July 13th. Buckingham Research dropped their target price on VF from $89.00 to $86.00 and set a “neutral” rating for the company in a report on Wednesday, October 17th. Credit Suisse Group lifted their target price on VF from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, July 17th. Finally, JPMorgan Chase & Co. raised VF from a “neutral” rating to an “overweight” rating and set a $78.00 target price for the company in a report on Monday, July 16th.
In related news, insider Laura C. Meagher sold 69,357 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $93.05, for a total value of $6,453,668.85. Following the transaction, the insider now owns 36,369 shares in the company, valued at $3,384,135.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Carucci bought 5,000 shares of the firm’s stock in a transaction on Wednesday, October 24th. The stock was acquired at an average price of $78.65 per share, for a total transaction of $393,250.00. Following the transaction, the director now owns 48,190 shares of the company’s stock, valued at $3,790,143.50. The disclosure for this purchase can be found here. Insiders sold 128,533 shares of company stock worth $11,932,040 in the last 90 days. 1.72% of the stock is owned by company insiders.
Shares of VFC traded down $2.45 during midday trading on Monday, reaching $84.16. 2,517,893 shares of the stock were exchanged, compared to its average volume of 3,036,976. VF has a twelve month low of $69.07 and a twelve month high of $97.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.54. The company has a market capitalization of $34.20 billion, a P/E ratio of 28.24, a P/E/G ratio of 2.07 and a beta of 1.01.
VF (NYSE:VFC) last posted its earnings results on Friday, October 19th. The textile maker reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.10. VF had a return on equity of 37.08% and a net margin of 6.20%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. On average, equities research analysts predict that VF will post 3.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 10th will be given a $0.51 dividend. The ex-dividend date is Friday, December 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from VF’s previous quarterly dividend of $0.46. VF’s dividend payout ratio (DPR) is presently 61.74%.
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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