V.F. Corporation (NYSE:VFC) Given Consensus Rating of “Hold” by Analysts

Shares of V.F. Corporation (NYSE:VFC) have been given a consensus recommendation of “Hold” by the nineteen brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $18.2059.

Several equities analysts have issued reports on the stock. Telsey Advisory Group cut their price target on shares of V.F. from $20.00 to $17.00 and set a “market perform” rating on the stock in a report on Thursday, July 30th. Stifel Nicolaus decreased their price objective on V.F. from $19.00 to $17.00 and set a “hold” rating for the company in a report on Thursday, July 30th. UBS Group lowered their price objective on V.F. from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Citigroup started coverage on V.F. in a research note on Thursday, May 21st. They set a “neutral” rating and a $18.00 target price on the stock. Finally, Weiss Ratings cut V.F. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th.

V.F. Stock Performance

VFC stock opened at $13.39 on Tuesday. V.F. has a one year low of $13.02 and a one year high of $22.27. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 0.98 and a beta of 1.57. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 1.43. The firm has a 50-day simple moving average of $15.72 and a two-hundred day simple moving average of $17.20.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). V.F. had a return on equity of 18.91% and a net margin of 2.88%.The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm earned ($0.24) EPS. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. On average, equities analysts forecast that V.F. will post 1.07 EPS for the current fiscal year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.7%. V.F.’s payout ratio is presently 52.17%.

Insider Activity

In related news, Director Richard Carucci bought 30,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were bought at an average price of $17.17 per share, with a total value of $515,100.00. Following the transaction, the director owned 336,043 shares in the company, valued at approximately $5,769,858.31. This trade represents a 9.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bracken Darrell purchased 32,894 shares of the business’s stock in a transaction on Friday, July 31st. The shares were bought at an average price of $14.98 per share, for a total transaction of $492,752.12. Following the purchase, the insider directly owned 1,402,109 shares in the company, valued at $21,003,592.82. This represents a 2.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 82,894 shares of company stock worth $1,302,452. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On V.F.

Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in shares of V.F. by 1,573.0% in the second quarter. California State Teachers Retirement System now owns 6,423,735 shares of the textile maker’s stock worth $107,148,000 after acquiring an additional 6,039,772 shares during the period. Bank of New York Mellon Corp purchased a new stake in V.F. in the second quarter valued at $42,038,000. Varenne Capital Partners acquired a new stake in V.F. during the 2nd quarter worth about $13,671,000. Madison Asset Management LLC acquired a new stake in V.F. during the 2nd quarter worth about $3,913,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of V.F. during the 1st quarter valued at about $3,209,000. 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.