VF Corp (VFC) Receives Average Recommendation of “Buy” from Brokerages
Shares of VF Corp (NYSE:VFC) have been assigned a consensus rating of “Buy” from the twenty-six ratings firms that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $95.36.
A number of brokerages recently weighed in on VFC. Piper Jaffray Companies reissued a “buy” rating and set a $103.00 price objective on shares of VF in a report on Monday, July 23rd. UBS Group started coverage on VF in a research report on Thursday, June 21st. They set a “neutral” rating and a $89.00 price target on the stock. Goldman Sachs Group started coverage on VF in a research report on Monday, June 25th. They set a “buy” rating and a $96.00 price target on the stock. Cowen restated a “hold” rating and set a $94.00 price target on shares of VF in a research report on Friday, July 20th. Finally, Royal Bank of Canada restated a “buy” rating and set a $105.00 price target on shares of VF in a research report on Thursday, July 26th.
In other news, insider Laura C. Meagher sold 69,357 shares of VF stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $93.05, for a total value of $6,453,668.85. Following the sale, the insider now directly owns 36,369 shares in the company, valued at approximately $3,384,135.45. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Kevin Bailey sold 4,400 shares of VF stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $91.95, for a total value of $404,580.00. Following the completion of the sale, the vice president now owns 28,861 shares in the company, valued at $2,653,768.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,533 shares of company stock worth $11,932,040. Corporate insiders own 1.72% of the company’s stock.
Shares of NYSE VFC traded up $0.38 during trading hours on Friday, reaching $92.24. 3,281,500 shares of the stock traded hands, compared to its average volume of 2,388,879. The stock has a market cap of $36.36 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 2.38 and a beta of 0.98. The company has a current ratio of 1.45, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58. VF has a 52-week low of $61.56 and a 52-week high of $97.00.
VF (NYSE:VFC) last announced its quarterly earnings data on Friday, July 20th. The textile maker reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.11. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.68 billion. VF had a return on equity of 35.37% and a net margin of 5.46%. VF’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. analysts forecast that VF will post 3.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Stockholders of record on Monday, September 10th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, September 7th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.99%. VF’s dividend payout ratio is currently 61.74%.
VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor & Action Sports, Jeanswear, Imagewear and Others. The Outdoor & Action Sports segment refers to outdoor and activity-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.
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