V.F. Corporation (NYSE:VFC) Receives Average Rating of “Hold” from Brokerages

V.F. Corporation (NYSE:VFC) has been given a consensus recommendation of “Hold” by the twenty-two analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $16.0313.

Several research analysts have commented on the company. JPMorgan Chase & Co. dropped their price target on V.F. from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Truist Financial boosted their target price on shares of V.F. from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. Robert W. Baird set a $25.00 target price on shares of V.F. in a research note on Wednesday, December 17th. Piper Sandler raised their price target on shares of V.F. from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Zacks Research raised shares of V.F. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th.

Institutional Trading of V.F.

A number of institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in V.F. by 11.1% in the 1st quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker’s stock valued at $4,306,000 after buying an additional 27,727 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of V.F. by 30.7% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 3,442,936 shares of the textile maker’s stock valued at $40,454,000 after acquiring an additional 808,474 shares in the last quarter. Fiduciary Alliance LLC increased its stake in V.F. by 61.1% in the second quarter. Fiduciary Alliance LLC now owns 481,091 shares of the textile maker’s stock valued at $5,653,000 after acquiring an additional 182,495 shares during the period. SG Americas Securities LLC raised its position in V.F. by 134.8% in the second quarter. SG Americas Securities LLC now owns 52,953 shares of the textile maker’s stock worth $622,000 after purchasing an additional 30,405 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in V.F. by 94.8% during the second quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock worth $58,000 after purchasing an additional 2,421 shares during the period. 86.84% of the stock is currently owned by institutional investors.

V.F. Stock Performance

Shares of VFC opened at $18.63 on Thursday. The company has a market capitalization of $7.28 billion, a PE ratio of 84.68, a price-to-earnings-growth ratio of 1.87 and a beta of 1.66. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.36 and a quick ratio of 0.87. V.F. has a one year low of $9.41 and a one year high of $29.02. The company’s fifty day moving average price is $16.30 and its 200 day moving average price is $14.35.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Tuesday, October 28th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.10. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.73 billion. V.F. had a return on equity of 20.34% and a net margin of 0.95%.The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. As a group, analysts expect that V.F. will post 0.73 earnings per share for the current year.

V.F. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Wednesday, December 10th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.36 annualized dividend and a yield of 1.9%. V.F.’s dividend payout ratio is 163.64%.

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.