V.F. Corporation (NYSE:VFC) Stock Has Average Target Price of $17.92

V.F. Corporation (NYSE:VFC) has earned a consensus recommendation of “Hold” from the twenty-one brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.14.

Several brokerages have recently weighed in on VFC. Telsey Advisory Group decreased their price target on V.F. from $20.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of V.F. in a research report on Thursday, September 17th. They issued a “hold” rating and a $14.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of V.F. in a research note on Tuesday, September 1st. Piper Sandler raised shares of V.F. from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $16.00 to $20.00 in a research note on Tuesday, October 13th. Finally, UBS Group set a $17.00 target price on shares of V.F. in a report on Monday.

Insider Transactions at V.F.

In other V.F. news, Director Richard Carucci purchased 20,000 shares of the stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $14.73 per share, with a total value of $294,600.00. Following the acquisition, the director directly owned 356,215 shares in the company, valued at approximately $5,247,046.95. The trade was a 5.95% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bracken Darrell purchased 32,894 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $14.98 per share, with a total value of $492,752.12. Following the transaction, the insider owned 1,402,109 shares in the company, valued at approximately $21,003,592.82. The trade was a 2.40% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On V.F.

A number of large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in V.F. by 27.9% in the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after purchasing an additional 588 shares during the period. HB Wealth Management LLC lifted its position in V.F. by 4.9% in the second quarter. HB Wealth Management LLC now owns 30,687 shares of the textile maker’s stock valued at $512,000 after purchasing an additional 1,428 shares during the last quarter. IFP Advisors Inc lifted its position in V.F. by 27.3% in the second quarter. IFP Advisors Inc now owns 6,682 shares of the textile maker’s stock valued at $111,000 after purchasing an additional 1,431 shares during the last quarter. Hsbc Holdings PLC lifted its position in V.F. by 7.7% in the second quarter. Hsbc Holdings PLC now owns 29,518 shares of the textile maker’s stock valued at $492,000 after purchasing an additional 2,121 shares during the last quarter. Finally, Root Financial Partners LLC boosted its stake in shares of V.F. by 282.9% during the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 2,255 shares during the period. Hedge funds and other institutional investors own 86.84% of the company’s stock.

V.F. Stock Performance

NYSE:VFC opened at $17.45 on Wednesday. The business’s fifty day moving average is $14.20 and its 200 day moving average is $16.20. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 0.89 and a beta of 1.56. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 1.43. V.F. has a 52-week low of $12.45 and a 52-week high of $22.27.

V.F. (NYSE:VFC) last issued its earnings results on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.24) EPS. Research analysts predict that V.F. will post 1.10 EPS for the current year.

V.F. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 10th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, September 10th. V.F.’s payout ratio is presently 52.17%.

V.F. Company Profile

V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its brand portfolio includes The North Face, Vans, Timberland, Dickies, JanSport, Smartwool, Icebreaker, Kipling, Eastpak and Napapijri. These brands serve outdoor, active, workwear, lifestyle and youth-oriented markets.

VF sells products through wholesale partners, company-operated retail stores, brand websites and other digital channels. Its offerings include jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear.