V.F. (NYSE:VFC) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of V.F. (NYSE:VFC) in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $18.00 price objective on the textile maker’s stock.

A number of other brokerages have also commented on VFC. UBS Group boosted their price objective on V.F. from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Barclays reaffirmed an “overweight” rating and set a $21.00 target price on shares of V.F. in a research report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of V.F. in a research report on Monday, December 29th. Telsey Advisory Group set a $16.00 price objective on V.F. in a research note on Wednesday, October 29th. Finally, KGI Securities set a $14.50 price objective on shares of V.F. and gave the stock a “neutral” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.66.

V.F. Stock Performance

VFC opened at $18.83 on Wednesday. V.F. has a 1-year low of $9.41 and a 1-year high of $29.02. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 85.59, a PEG ratio of 1.80 and a beta of 1.66. The company’s fifty day moving average price is $17.86 and its two-hundred day moving average price is $15.22. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 2.40.

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

V.F. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, December 10th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, December 10th. V.F.’s payout ratio is presently 163.64%.

Hedge Funds Weigh In On V.F.

Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in V.F. by 30.5% in the fourth quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock worth $199,000 after acquiring an additional 2,570 shares during the period. Russell Investments Group Ltd. increased its stake in shares of V.F. by 1.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 578,767 shares of the textile maker’s stock worth $8,352,000 after purchasing an additional 10,881 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of V.F. by 43.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock worth $71,257,000 after purchasing an additional 1,495,148 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of V.F. by 59.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock worth $40,000 after purchasing an additional 1,027 shares during the period. Finally, Rothschild Investment LLC lifted its stake in V.F. by 705.8% in the third quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 3,282 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

V.F. Company Profile

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.