V.F. Corporation (NYSE:VFC) Stock Rated “Hold” by Wall Street Analysts

V.F. Corporation (NYSE:VFC) has received a consensus recommendation of “Hold” from the twenty-one research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.42.

Several research analysts recently issued reports on the stock. Needham & Company LLC cut their target price on shares of V.F. from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft assumed coverage on V.F. in a report on Thursday, September 17th. They set a “hold” rating and a $14.00 price objective on the stock. The Goldman Sachs Group cut their target price on V.F. from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of V.F. in a research report on Tuesday, September 1st. Finally, Robert W. Baird reissued a “neutral” rating and set a $15.00 price target on shares of V.F. in a research note on Monday, September 14th.

V.F. Stock Performance

NYSE:VFC opened at $14.12 on Friday. The stock has a market cap of $5.55 billion, a P/E ratio of 20.46, a PEG ratio of 0.73 and a beta of 1.57. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 1.70. The business’s 50-day moving average price is $14.36 and its two-hundred day moving average price is $16.35. V.F. has a twelve month low of $12.45 and a twelve month high of $22.27.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%.The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.24) EPS. As a group, equities analysts predict that V.F. will post 1.08 EPS for the current fiscal year.

V.F. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 10th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.6%. V.F.’s dividend payout ratio (DPR) is currently 52.17%.

Insider Buying and Selling at V.F.

In other V.F. news, Director Richard Carucci bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $14.73 per share, for a total transaction of $294,600.00. Following the transaction, the director directly owned 356,215 shares in the company, valued at $5,247,046.95. This trade represents a 5.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bracken Darrell bought 32,894 shares of the stock in a transaction dated Friday, July 31st. The stock was bought at an average cost of $14.98 per share, with a total value of $492,752.12. Following the purchase, the insider owned 1,402,109 shares in the company, valued at $21,003,592.82. The trade was a 2.40% increase in their position. The SEC filing for this purchase provides additional information. 1.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On V.F.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VFC. Sequoia Financial Advisors LLC purchased a new position in shares of V.F. in the second quarter valued at about $171,000. Community Bank of Raymore raised its stake in shares of V.F. by 24.6% during the second quarter. Community Bank of Raymore now owns 52,720 shares of the textile maker’s stock valued at $879,000 after acquiring an additional 10,400 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of V.F. by 15.7% during the second quarter. NewEdge Advisors LLC now owns 17,768 shares of the textile maker’s stock worth $296,000 after purchasing an additional 2,406 shares during the period. IFP Advisors Inc grew its stake in shares of V.F. by 27.3% in the second quarter. IFP Advisors Inc now owns 6,682 shares of the textile maker’s stock worth $111,000 after purchasing an additional 1,431 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of V.F. by 298.1% in the second quarter. Squarepoint Ops LLC now owns 1,782,904 shares of the textile maker’s stock worth $29,739,000 after purchasing an additional 1,335,057 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors.

V.F. Company Profile

V.F. Corporation, also known as VF Corporation, is a global apparel, footwear and accessories company. Its portfolio includes recognized outdoor, active, workwear and lifestyle brands such as The North Face, Vans, Timberland, Dickies, JanSport and Eastpak.

The company develops, markets and distributes products including jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear. Its brands serve consumers through wholesale partners, company-operated and franchised stores, and e-commerce platforms.

Founded in 1899 as the Reading Glove and Mitten Company, the business later adopted the name Vanity Fair Mills and became VF Corporation.