V.F. Co. (NYSE:VFC) Receives Consensus Rating of “Hold” from Analysts

V.F. Co. (NYSE:VFC) has been given an average rating of “Hold” by the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $17.88.

VFC has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $22.00 target price on shares of V.F. in a research report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price target on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, April 8th. Telsey Advisory Group reissued an “outperform” rating and set a $22.00 target price on shares of V.F. in a research report on Tuesday, January 30th. Wells Fargo & Company lowered their price target on shares of V.F. from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Finally, BNP Paribas reissued a “neutral” rating and set a $14.00 target price (down previously from $18.00) on shares of V.F. in a research note on Friday, April 12th.

V.F. Stock Performance

NYSE VFC opened at $12.61 on Friday. V.F. has a 1 year low of $11.91 and a 1 year high of $22.63. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of -6.40, a P/E/G ratio of 1.33 and a beta of 1.49. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. The firm’s 50 day simple moving average is $14.25 and its 200 day simple moving average is $16.09.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.22). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the business posted $1.12 EPS. The company’s revenue for the quarter was down 16.2% on a year-over-year basis. As a group, research analysts expect that V.F. will post 1.11 earnings per share for the current fiscal year.

V.F. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.85%. The ex-dividend date was Friday, March 8th. V.F.’s dividend payout ratio (DPR) is presently -18.27%.

Insiders Place Their Bets

In related news, insider Bracken Darrell purchased 65,360 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the purchase, the insider now directly owns 144,281 shares in the company, valued at approximately $2,219,041.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Juliana L. Chugg bought 11,301 shares of the company’s stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the transaction, the director now directly owns 26,301 shares in the company, valued at approximately $461,582.55. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Bracken Darrell purchased 65,360 shares of V.F. stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $15.38 per share, with a total value of $1,005,236.80. Following the completion of the transaction, the insider now owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in V.F. by 1.2% during the third quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock valued at $728,708,000 after acquiring an additional 475,239 shares in the last quarter. Northern Trust Corp grew its position in shares of V.F. by 1.1% during the 3rd quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock valued at $419,817,000 after purchasing an additional 257,992 shares in the last quarter. M&G Investment Management Ltd. raised its position in shares of V.F. by 19.4% in the fourth quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock worth $235,850,000 after buying an additional 2,016,470 shares in the last quarter. Guinness Asset Management LTD boosted its stake in V.F. by 2.8% during the third quarter. Guinness Asset Management LTD now owns 7,670,947 shares of the textile maker’s stock valued at $135,306,000 after buying an additional 207,783 shares during the period. Finally, Wells Fargo & Company MN grew its position in V.F. by 12.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,281,957 shares of the textile maker’s stock worth $80,501,000 after buying an additional 473,952 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

About V.F.

V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.