V.F. Corporation (NYSE:VFC) Stock Has Average Price Target of $18.89

Key Points

• Analysts rate V.F. a consensus “Hold,” with 14 hold, six buy, and two strong-buy ratings; the average 12-month price target is $18.89.
• V.F. reported quarterly EPS of $0.70, beating the $0.54 estimate, and revenue of $2.70 billion, above expectations; revenue nevertheless declined 3.8% year over year.
• The company declared a quarterly dividend of $0.09 per share, equivalent to $0.36 annually and a 1.8% yield. Director Richard Carucci also bought 20,000 shares at an average $14.73 apiece.

Shares of V.F. Corporation (NYSE:VFC - Get Free Report) have earned a consensus rating of "Hold" from the twenty-two ratings firms that are covering the stock, Marketbeat Ratings reports. Fourteen analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.89.

A number of equities analysts recently commented on VFC shares. Williams Trading set a $22.00 price target on V.F. in a report on Thursday, October 15th. JPMorgan Chase & Co. raised V.F. from an "underweight" rating to a "neutral" rating and lowered their price target for the stock from $19.00 to $18.00 in a research report on Friday, October 9th. Needham & Company LLC restated a "buy" rating and issued a $21.00 price objective on shares of V.F. in a research note on Monday, October 26th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $18.00 price objective on shares of V.F. in a research report on Thursday, October 29th. Finally, Weiss Ratings raised V.F. from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, October 29th.

Insiders Place Their Bets

In other V.F. news, Director Richard Carucci purchased 20,000 shares of the business's stock in a transaction on Thursday, August 13th. The stock was acquired 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 of the company's stock, valued at $5,247,046.95. This trade represents a 5.95% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.54% of the company's stock.

Hedge Funds Weigh In On V.F.

Institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd raised its position in shares of V.F. by 707.2% in the third quarter. Covestor Ltd now owns 2,349 shares of the textile maker's stock valued at $33,000 after purchasing an additional 2,058 shares during the period. Parallel Advisors LLC lifted its stake in shares of V.F. by 27.9% during the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker's stock worth $46,000 after buying an additional 588 shares during the last quarter. Provenance Wealth Advisors LLC bought a new stake in shares of V.F. during the 3rd quarter worth about $51,000. 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. 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 currently owned by institutional investors and hedge funds.

V.F. Price Performance

Shares of VFC opened at $20.35 on Friday. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 0.86 and a beta of 1.49. V.F. has a 1-year low of $12.45 and a 1-year high of $22.27. The company's fifty day simple moving average is $15.32 and its 200 day simple moving average is $16.98. The company has a current ratio of 1.47, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48.

V.F. (NYSE:VFC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The textile maker reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.16. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.66 billion. V.F. had a net margin of 3.93% and a return on equity of 21.78%. The company's quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. On average, research analysts forecast that V.F. will post 1.18 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 10th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.8%. V.F.'s payout ratio is presently 39.13%.

About V.F.

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.

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