VF Corporation (NYSE:VFC) Receives $16.19 Average PT from Analysts

Shares of VF Corporation (NYSE:VFC) have been given an average rating of “Hold” by the nineteen research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.41.

Several equities analysts have issued reports on VFC shares. Robert W. Baird upped their price objective on shares of VF from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Barclays upgraded shares of VF from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $22.00 in a research note on Wednesday, September 18th. Argus upgraded shares of VF to a “hold” rating in a research note on Wednesday, August 28th. UBS Group upped their price objective on shares of VF from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Finally, Citigroup upgraded shares of VF from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.00 to $20.00 in a research note on Thursday, July 18th.

Insider Buying and Selling

In other news, Director Richard Carucci purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the acquisition, the director now directly owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in VF in the fourth quarter valued at about $1,518,000. Principal Financial Group Inc. increased its holdings in VF by 328.0% in the second quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after buying an additional 1,244,448 shares in the last quarter. Sompo Asset Management Co. Ltd. increased its holdings in VF by 60.6% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 351,520 shares of the textile maker’s stock valued at $6,609,000 after buying an additional 132,650 shares in the last quarter. Compass Wealth Management LLC purchased a new position in VF in the first quarter valued at about $2,574,000. Finally, Virtu Financial LLC purchased a new position in VF in the fourth quarter valued at about $1,036,000. 86.84% of the stock is owned by hedge funds and other institutional investors.

VF Stock Performance

Shares of VFC stock opened at $19.96 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. The firm has a fifty day moving average price of $17.59 and a 200 day moving average price of $14.91. The company has a market cap of $7.77 billion, a P/E ratio of -7.98, a PEG ratio of 2.24 and a beta of 1.53. VF has a 12 month low of $11.00 and a 12 month high of $20.69.

VF (NYSE:VFC) last issued its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. The company’s revenue was down 8.9% compared to the same quarter last year. Sell-side analysts predict that VF will post 0.72 earnings per share for the current fiscal year.

VF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 1.80%. VF’s dividend payout ratio is currently -14.40%.

VF Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.