V.F. Corporation (NYSE:VFC) Receives $18.68 Consensus Target Price from Brokerages

V.F. Corporation (NYSE:VFCGet Free Report) has received a consensus rating of “Hold” from the twenty-one brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $18.5833.

VFC has been the subject of several research reports. Stifel Nicolaus boosted their price objective on shares of V.F. from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. Piper Sandler boosted their price objective on shares of V.F. from $14.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Zacks Research raised shares of V.F. from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. BTIG Research upgraded shares of V.F. from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday, May 6th. Finally, Argus upgraded shares of V.F. to a “strong-buy” rating in a report on Wednesday, February 11th.

Check Out Our Latest Research Report on VFC

Key Stories Impacting V.F.

Here are the key news stories impacting V.F. this week:

V.F. Stock Down 0.5%

Shares of NYSE VFC opened at $16.12 on Friday. V.F. has a 52-week low of $11.06 and a 52-week high of $22.27. The firm has a fifty day moving average of $17.85 and a 200-day moving average of $18.22. The stock has a market capitalization of $6.31 billion, a PE ratio of 25.19, a P/E/G ratio of 0.81 and a beta of 1.62. The company has a quick ratio of 1.03, a current ratio of 1.84 and a debt-to-equity ratio of 1.90.

V.F. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.2%. V.F.’s payout ratio is presently 65.45%.

Hedge Funds Weigh In On V.F.

Several hedge funds and other institutional investors have recently made changes to their positions in VFC. Segall Bryant & Hamill LLC lifted its holdings 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 valued at $71,257,000 after acquiring an additional 1,495,148 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of V.F. during the 1st quarter valued at $3,209,000. Russell Investments Group Ltd. lifted its holdings in shares of V.F. by 14.0% during the 4th quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock valued at $11,930,000 after acquiring an additional 81,006 shares in the last quarter. Fiduciary Alliance LLC lifted its holdings in shares of V.F. by 10.3% during the 4th quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock valued at $11,707,000 after acquiring an additional 60,619 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of V.F. during the 1st quarter valued at $815,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

About V.F.

(Get Free Report)

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.

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Analyst Recommendations for V.F. (NYSE:VFC)

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