V.F. Corporation (NYSE:VFC) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on V.F. Corporation, with 12 hold, four buy, two strong-buy and two sell ratings. The average 12-month price target is $18.21, above the reported share price of $14.29.
• V.F. reported quarterly revenue of $1.67 billion, exceeding estimates, but its loss of $0.27 per share was wider than expected and revenue declined 5.2% year over year.
• The company declared a quarterly dividend of $0.09, equivalent to an annualized $0.36 payout and a 2.5% yield. Insiders also purchased 82,894 shares worth about $1.3 million over the past 90 days.

Shares of V.F. Corporation (NYSE:VFC - Get Free Report) have been given an average recommendation of "Hold" by the twenty analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.2059.

Several equities analysts recently weighed in on VFC shares. Evercore set a $16.00 price target on shares of V.F. in a report on Thursday, July 30th. Zacks Research cut shares of V.F. from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. UBS Group dropped their price objective on shares of V.F. from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Williams Trading set a $19.00 price objective on shares of V.F. in a report on Sunday, May 17th. Finally, Barclays cut their price objective on shares of V.F. from $24.00 to $23.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th.

V.F. Stock Performance

Shares of VFC opened at $14.29 on Tuesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 1.43. The stock has a 50-day moving average of $16.08 and a two-hundred day moving average of $17.44. The stock has a market cap of $5.62 billion, a P/E ratio of 20.72, a P/E/G ratio of 1.04 and a beta of 1.57. V.F. has a one year low of $13.02 and a one year high of $22.27.

V.F. (NYSE:VFC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.05). V.F. had a net margin of 2.88% and a return on equity of 18.91%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the company posted ($0.24) earnings per share. The firm's revenue for the quarter was down 5.2% on a year-over-year basis. As a group, research analysts predict that V.F. will post 1.07 EPS for the current year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 10th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 10th. V.F.'s dividend payout ratio is presently 52.17%.

Insider Activity

In related news, Director Richard Carucci bought 20,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $14.73 per share, for a total transaction of $294,600.00. Following the completion of the purchase, the director directly owned 356,215 shares of the company's stock, valued at $5,247,046.95. This represents a 5.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bracken Darrell bought 32,894 shares of the stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $14.98 per share, for a total transaction of $492,752.12. Following the purchase, the insider directly owned 1,402,109 shares of the company's stock, valued at approximately $21,003,592.82. The trade was a 2.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 82,894 shares of company stock worth $1,302,452 over the last ninety days. 1.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. purchased a new position in shares of V.F. during the 1st quarter valued at approximately $3,209,000. Madison Asset Management LLC purchased a new stake in V.F. during the second quarter worth $3,913,000. Entropy Technologies LP purchased a new stake in V.F. during the first quarter worth $815,000. Parallel Advisors LLC grew its position in V.F. by 27.9% during the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker's stock valued at $46,000 after buying an additional 588 shares during the period. Finally, Handelsbanken Fonder AB grew its position in V.F. by 3.7% during the second quarter. Handelsbanken Fonder AB now owns 116,200 shares of the textile maker's stock valued at $1,938,000 after buying an additional 4,200 shares during the period. 86.84% of the stock is owned by institutional investors and hedge funds.

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.

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