VF Corp (VFC) Given Average Rating of “Buy” by Analysts
Shares of VF Corp (NYSE:VFC) have received a consensus rating of “Buy” from the twenty-six brokerages that are presently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $95.36.
VFC has been the subject of several recent research reports. Bank of America raised VF from an “underperform” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Friday, July 13th. Deutsche Bank initiated coverage on VF in a research note on Thursday, July 12th. They issued a “buy” rating and a $93.00 price target for the company. Canaccord Genuity reissued a “buy” rating and issued a $92.00 price target on shares of VF in a research note on Thursday, July 12th. Goldman Sachs Group started coverage on VF in a research note on Monday, June 25th. They issued a “buy” rating and a $96.00 price target for the company. Finally, Stifel Nicolaus raised their target price on VF from $91.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, July 17th.
In other news, insider Laura C. Meagher sold 69,357 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott A. Roe sold 29,544 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $92.78, for a total value of $2,741,092.32. Following the completion of the transaction, the chief financial officer now owns 102,165 shares in the company, valued at approximately $9,478,868.70. The disclosure for this sale can be found here. Insiders sold 128,533 shares of company stock worth $11,932,040 in the last 90 days. Corporate insiders own 1.72% of the company’s stock.
Shares of VFC stock opened at $91.17 on Friday. The stock has a market capitalization of $35.54 billion, a PE ratio of 30.59, a P/E/G ratio of 2.32 and a beta of 0.98. The company has a quick ratio of 0.78, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. VF has a 1-year low of $61.56 and a 1-year high of $97.00.
VF (NYSE:VFC) last issued its quarterly earnings results on Friday, July 20th. The textile maker reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.11. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.68 billion. VF had a return on equity of 35.37% and a net margin of 5.46%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. research analysts predict that VF will post 3.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Monday, September 10th will be issued a $0.46 dividend. The ex-dividend date is Friday, September 7th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.02%. VF’s dividend payout ratio 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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