V.F. Corp. (VFC) Receives Hold Rating from Brean Capital
V.F. Corp. (NYSE:VFC)‘s stock had its “hold” rating reaffirmed by investment analysts at Brean Capital in a research report issued to clients and investors on Monday. They presently have a $58.00 price objective on the stock. Brean Capital’s price target indicates a potential upside of 1.29% from the company’s previous close.
VFC has been the topic of several other reports. B. Riley reaffirmed a “neutral” rating and issued a $56.00 price target on shares of V.F. Corp. in a research note on Saturday, October 29th. Canaccord Genuity set a $68.00 target price on V.F. Corp. and gave the stock a “buy” rating in a report on Wednesday, October 19th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $63.00 target price (down from $67.00) on shares of V.F. Corp. in a report on Thursday, October 13th. Bank of America Corp. downgraded V.F. Corp. from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $73.00 to $54.00 in a report on Thursday, September 15th. Finally, Buckingham Research downgraded V.F. Corp. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $60.00 in a report on Friday, September 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $65.36.
Shares of V.F. Corp. (NYSE:VFC) traded down 0.65% during midday trading on Monday, hitting $56.89. The stock had a trading volume of 2,452,557 shares. The stock’s 50-day moving average is $55.01 and its 200-day moving average is $59.76. The stock has a market cap of $23.54 billion, a PE ratio of 21.60 and a beta of 0.84. V.F. Corp. has a 12 month low of $51.76 and a 12 month high of $67.10.
V.F. Corp. (NYSE:VFC) last issued its quarterly earnings results on Monday, October 24th. The company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.05. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.63 billion. V.F. Corp. had a return on equity of 26.26% and a net margin of 9.23%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. Equities analysts anticipate that V.F. Corp. will post $3.13 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Friday, December 9th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This is a positive change from V.F. Corp.’s previous quarterly dividend of $0.37. This represents a $1.68 dividend on an annualized basis and a yield of 2.93%. V.F. Corp.’s dividend payout ratio is presently 56.06%.
A number of institutional investors have recently made changes to their positions in VFC. Palladium Partners LLC raised its position in shares of V.F. Corp. by 0.7% in the second quarter. Palladium Partners LLC now owns 27,745 shares of the company’s stock worth $1,706,000 after buying an additional 200 shares during the last quarter. Dearborn Partners LLC raised its position in shares of V.F. Corp. by 5.0% in the second quarter. Dearborn Partners LLC now owns 297,764 shares of the company’s stock worth $18,309,000 after buying an additional 14,219 shares during the last quarter. Hills Bank & Trust Co. raised its position in shares of V.F. Corp. by 6.8% in the second quarter. Hills Bank & Trust Co. now owns 10,173 shares of the company’s stock worth $626,000 after buying an additional 645 shares during the last quarter. Wendell David Associates Inc. raised its position in shares of V.F. Corp. by 15.1% in the second quarter. Wendell David Associates Inc. now owns 25,505 shares of the company’s stock worth $1,556,000 after buying an additional 3,345 shares during the last quarter. Finally, Somerset Trust Co raised its position in shares of V.F. Corp. by 3.3% in the second quarter. Somerset Trust Co now owns 22,876 shares of the company’s stock worth $1,407,000 after buying an additional 740 shares during the last quarter. 84.03% of the stock is owned by institutional investors.
About V.F. Corp.
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.
Receive News & Stock Ratings for V.F. Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for V.F. Corp. and related stocks with our FREE daily email newsletter.