V.F. Corp. (VFC) Given “Overweight” Rating at Piper Jaffray Cos.
V.F. Corp. (NYSE:VFC)‘s stock had its “overweight” rating reaffirmed by analysts at Piper Jaffray Cos. in a research note issued on Thursday. They presently have a $63.00 target price on the stock, down from their prior target price of $67.00. Piper Jaffray Cos.’s target price would indicate a potential upside of 15.38% from the company’s previous close.
Several other brokerages have also recently commented on VFC. DA Davidson reaffirmed a “buy” rating and set a $79.00 target price on shares of V.F. Corp. in a report on Monday, July 18th. B. Riley reaffirmed a “neutral” rating and set a $63.00 target price on shares of V.F. Corp. in a report on Wednesday, July 20th. Zacks Investment Research cut shares of V.F. Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 8th. Brean Capital reaffirmed a “hold” rating on shares of V.F. Corp. in a report on Monday, July 25th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $76.00 target price on shares of V.F. Corp. in a report on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. V.F. Corp. currently has an average rating of “Hold” and an average target price of $67.89.
Shares of V.F. Corp. (NYSE:VFC) traded down 0.09% during mid-day trading on Thursday, hitting $54.60. 1,759,945 shares of the company were exchanged. The firm has a market capitalization of $22.64 billion, a P/E ratio of 21.60 and a beta of 0.90. The company’s 50-day moving average price is $57.53 and its 200-day moving average price is $61.62. V.F. Corp. has a 12-month low of $52.21 and a 12-month high of $73.81.
V.F. Corp. (NYSE:VFC) last announced its earnings results on Friday, July 22nd. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. V.F. Corp. had a net margin of 8.82% and a return on equity of 25.27%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts predict that V.F. Corp. will post $3.20 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, September 9th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Wednesday, September 7th. V.F. Corp.’s dividend payout ratio (DPR) is currently 58.73%.
In other news, Director Clarence Otis, Jr. sold 25,540 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $62.12, for a total transaction of $1,586,544.80. Following the completion of the sale, the director now directly owns 37,510 shares of the company’s stock, valued at $2,330,121.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eric C. Wiseman sold 264,816 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $64.55, for a total transaction of $17,093,872.80. Following the sale, the chief executive officer now directly owns 756,198 shares of the company’s stock, valued at $48,812,580.90. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Private Bank & Trust Co. acquired a new stake in V.F. Corp. during the third quarter valued at approximately $549,000. First Financial Bank N.A. Trust Division increased its stake in V.F. Corp. by 3.0% in the third quarter. First Financial Bank N.A. Trust Division now owns 10,966 shares of the company’s stock valued at $615,000 after buying an additional 315 shares during the last quarter. Boltwood Capital Management increased its stake in V.F. Corp. by 8.3% in the third quarter. Boltwood Capital Management now owns 13,675 shares of the company’s stock valued at $766,000 after buying an additional 1,050 shares during the last quarter. Cardinal Capital Management Inc. increased its stake in V.F. Corp. by 11.8% in the third quarter. Cardinal Capital Management Inc. now owns 131,110 shares of the company’s stock valued at $7,349,000 after buying an additional 13,810 shares during the last quarter. Finally, Williams Jones & Associates LLC increased its stake in V.F. Corp. by 2.8% in the second quarter. Williams Jones & Associates LLC now owns 59,243 shares of the company’s stock valued at $3,643,000 after buying an additional 1,612 shares during the last quarter. 98.99% of the stock is owned by institutional investors.
V.F. Corp. Company Profile
V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.
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