V.F. Corporation (NYSE:VFC) Receives $18.16 Average Price Target from Analysts

Shares of V.F. Corporation (NYSE:VFC) have received a consensus rating of “Hold” from the twenty brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $18.1563.

A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of V.F. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, January 29th. Barclays reiterated an “overweight” rating on shares of V.F. in a research note on Thursday, January 29th. Needham & Company LLC reissued a “buy” rating on shares of V.F. in a report on Thursday, January 8th. Wells Fargo & Company upped their target price on V.F. from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 16th. Finally, Truist Financial set a $18.00 price target on V.F. in a research report on Wednesday, January 14th.

V.F. Trading Down 1.6%

V.F. stock opened at $16.14 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.03 and a current ratio of 1.55. The stock has a market cap of $6.31 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. The stock has a 50-day moving average of $18.82 and a two-hundred day moving average of $17.28. V.F. has a one year low of $9.41 and a one year high of $21.92.

V.F. (NYSE:VFC) last issued its quarterly 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 business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.81 billion. V.F. had a return on equity of 19.08% and a net margin of 2.33%.The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. On average, research analysts anticipate that V.F. will post 0.73 EPS for the current fiscal year.

V.F. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, March 10th. V.F.’s dividend payout ratio (DPR) is presently 65.45%.

Insider Activity at V.F.

In related news, Director Juliana L. Chugg sold 6,678 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $21.30, for a total value of $142,241.40. Following the sale, the director owned 40 shares in the company, valued at $852. This represents a 99.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional Trading of V.F.

Several institutional investors and hedge funds have recently bought and sold shares of VFC. EverSource Wealth Advisors LLC increased its stake in shares of V.F. by 59.7% in the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock worth $40,000 after acquiring an additional 1,027 shares during the period. Rexford Capital Inc. purchased a new position in shares of V.F. during the second quarter worth $48,000. Rothschild Investment LLC lifted its position in V.F. by 705.8% during the third quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 3,282 shares during the period. Global Wealth Strategies & Associates purchased a new stake in V.F. in the third quarter valued at $82,000. Finally, Farther Finance Advisors LLC boosted its holdings in V.F. by 50.1% in the third quarter. Farther Finance Advisors LLC now owns 7,465 shares of the textile maker’s stock valued at $108,000 after purchasing an additional 2,490 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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.