V.F. Corporation (NYSE:VFC) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts collectively rate V.F. Corporation “Hold.” Of 21 brokerages, 14 recommend holding the stock, while five rate it a buy or strong buy and two recommend selling; the average 12-month price target is $17.42.
• Recent analyst actions were mixed but generally cautious: Barclays maintained an overweight rating while lowering its target to $23, whereas Truist, Goldman Sachs, Deutsche Bank and Robert W. Baird issued neutral or hold views with targets ranging from $14 to $16.
• V.F.’s latest quarter showed a 5.2% year-over-year revenue decline and an EPS loss of $0.27, missing expectations, although revenue exceeded estimates. The company continues to pay a quarterly dividend of $0.09 per share, representing a 2.8% annualized yield.

V.F. Corporation (NYSE:VFC - Get Free Report) has been assigned an average rating of "Hold" from the twenty-one brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $17.4167.

VFC has been the topic of a number of analyst reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of V.F. in a research note on Tuesday, September 1st. Barclays lowered their target price on shares of V.F. from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Truist Financial dropped their price target on shares of V.F. from $15.00 to $14.00 and set a "hold" rating on the stock in a research report on Thursday, July 30th. Evercore set a $16.00 price target on shares of V.F. in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group decreased their price objective on shares of V.F. from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th.

V.F. News Summary

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

• Positive Sentiment: V.F. recently outpaced the broader market, closing at $12.93 after an increase of 1.57% in the latest session, indicating some short-term buying interest. However, the report did not identify a specific fundamental catalyst. Why V.F. VFC Outpaced the Stock Market Today
• Neutral Sentiment: Deutsche Bank initiated coverage of V.F. Corporation with a “hold” rating and a $14 price target, implying potential upside from recent levels but signaling that the firm sees limited near-term conviction. Deutsche Bank coverage of V.F. Corporation
• Negative Sentiment: Robert W. Baird downgraded V.F. to “neutral,” adding to caution around the apparel company’s outlook and potentially limiting investor enthusiasm. V.F. Cut to Neutral at Robert W. Baird

V.F. Price Performance

NYSE:VFC opened at $12.79 on Friday. V.F. has a 52-week low of $12.45 and a 52-week high of $22.27. The company has a market cap of $5.03 billion, a P/E ratio of 18.53, a P/E/G ratio of 0.92 and a beta of 1.57. 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's 50-day simple moving average is $14.70 and its 200 day simple moving average is $16.52.

V.F. (NYSE:VFC - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $1.64 billion. V.F. had a net margin of 2.88% and a return on equity of 18.91%. The business's revenue for the quarter was down 5.2% on a year-over-year basis. During the same period last year, the company posted ($0.24) earnings per share. As a group, sell-side analysts forecast that V.F. will post 1.08 EPS for the current fiscal year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 10th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.8%. V.F.'s dividend payout ratio (DPR) is presently 52.17%.

Insider Activity at V.F.

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

Hedge Funds Weigh In On V.F.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in shares of V.F. by 27.9% in the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker's stock valued at $46,000 after purchasing an additional 588 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of V.F. by 282.9% during the 1st quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker's stock worth $52,000 after buying an additional 2,255 shares during the period. IFP Advisors Inc boosted its holdings in shares of V.F. by 27.3% during the 2nd quarter. IFP Advisors Inc now owns 6,682 shares of the textile maker's stock worth $111,000 after buying an additional 1,431 shares during the period. EverSource Wealth Advisors LLC grew its stake in V.F. by 151.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker's stock valued at $125,000 after buying an additional 4,167 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in V.F. by 213.7% in the 2nd quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker's stock valued at $135,000 after buying an additional 5,503 shares during the last quarter. 86.84% of the stock is owned by institutional investors.

V.F. Company Profile

V.F. Corporation, also known as VF Corporation, is a global apparel, footwear and accessories company. Its portfolio includes recognized outdoor, active, workwear and lifestyle brands such as The North Face, Vans, Timberland, Dickies, JanSport and Eastpak.

The company develops, markets and distributes products including jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear. Its brands serve consumers through wholesale partners, company-operated and franchised stores, and e-commerce platforms.

Founded in 1899 as the Reading Glove and Mitten Company, the business later adopted the name Vanity Fair Mills and became VF Corporation.

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