V.F. Corporation (NYSE:VFC) Receives $18.22 Consensus Price Target from Analysts

Shares of V.F. Corporation (NYSE:VFC) have earned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $18.2188.

Several research analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of V.F. from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. The Goldman Sachs Group increased their target price on V.F. from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Wells Fargo & Company raised their price target on V.F. from $12.00 to $15.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 16th. Citigroup boosted their price objective on V.F. from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Weiss Ratings raised V.F. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 29th.

V.F. Trading Down 3.0%

Shares of VFC opened at $20.18 on Friday. V.F. has a fifty-two week low of $9.41 and a fifty-two week high of $26.69. The business has a 50-day moving average of $19.33 and a 200 day moving average of $16.22. The firm has a market cap of $7.90 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 1.41 and a beta of 1.65. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.03 and a current ratio of 1.55.

V.F. (NYSE:VFC) last issued its earnings results on Wednesday, January 28th. The textile maker reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.81 billion. V.F. had a net margin of 2.33% and a return on equity of 19.08%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. As a group, research analysts forecast that V.F. will post 0.73 EPS for the current year.

V.F. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 10th. V.F.’s dividend payout ratio is presently 65.45%.

Insider Activity at V.F.

In related news, Director Juliana L. Chugg sold 6,678 shares of the business’s 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 completion of the transaction, the director owned 40 shares of the company’s stock, valued at approximately $852. The trade was 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 accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Segall Bryant & Hamill LLC raised its position in shares of V.F. by 43.4% in the third quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock worth $71,257,000 after buying an additional 1,495,148 shares in the last quarter. Fiduciary Alliance LLC grew its position in V.F. by 10.3% during the fourth quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock worth $11,707,000 after buying an additional 60,619 shares in the last quarter. Russell Investments Group Ltd. increased its stake in V.F. by 1.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 578,767 shares of the textile maker’s stock worth $8,352,000 after acquiring an additional 10,881 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of 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 valued at $6,740,000 after acquiring an additional 100,680 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of V.F. by 115.2% during 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. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

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.