V.F. Corporation (NYSE:VFC) Receives $16.21 Average Target Price from Brokerages

Shares of V.F. Corporation (NYSE:VFC - Get Free Report) have earned an average recommendation of "Hold" from the twenty-one brokerages that are covering the stock, Marketbeat Ratings reports. Fifteen investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $16.21.

A number of research firms have issued reports on VFC. Stifel Nicolaus reduced their price objective on V.F. from $28.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Wells Fargo & Company reduced their price objective on V.F. from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price objective on V.F. from $25.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. The Goldman Sachs Group reduced their price objective on V.F. from $25.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, Wall Street Zen downgraded V.F. from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th.

Insider Activity at V.F.

In other V.F. news, EVP Abhishek Dalmia acquired 50,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of $11.78 per share, for a total transaction of $589,000.00. Following the acquisition, the executive vice president now directly owns 380,614 shares in the company, valued at $4,483,632.92. The trade was a 15.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bracken Darrell acquired 85,840 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of $11.73 per share, with a total value of $1,006,903.20. Following the acquisition, the insider now owns 295,406 shares in the company, valued at $3,465,112.38. This trade represents a 40.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 185,840 shares of company stock worth $2,198,403 in the last quarter. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On V.F.

A number of large investors have recently bought and sold shares of the business. Fiduciary Alliance LLC lifted its holdings in shares of V.F. by 16.4% in the 1st quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock worth $4,634,000 after buying an additional 42,065 shares during the period. Rhumbline Advisers lifted its holdings in shares of V.F. by 11.0% in the 1st quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock worth $14,414,000 after buying an additional 92,174 shares during the period. GAMMA Investing LLC lifted its holdings in shares of V.F. by 1,355.2% in the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock worth $6,276,000 after buying an additional 376,615 shares during the period. SG Americas Securities LLC purchased a new stake in shares of V.F. in the 1st quarter worth $350,000. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of V.F. by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after buying an additional 211,440 shares during the period. Hedge funds and other institutional investors own 86.84% of the company's stock.

V.F. Price Performance

VFC traded up $0.23 on Thursday, hitting $11.84. 6,559,095 shares of the company's stock traded hands, compared to its average volume of 7,759,762. The company's 50 day simple moving average is $12.51 and its 200-day simple moving average is $17.61. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of -23.68, a P/E/G ratio of 1.28 and a beta of 1.69. V.F. has a one year low of $9.41 and a one year high of $29.02. The company has a current ratio of 1.40, a quick ratio of 0.80 and a debt-to-equity ratio of 2.30.

V.F. (NYSE:VFC - Get Free Report) last issued its earnings results on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.01. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.17 billion. V.F. had a positive return on equity of 20.14% and a negative net margin of 1.97%. The firm's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.32) EPS. As a group, research analysts anticipate that V.F. will post 0.73 EPS for the current year.

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 10th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, June 10th. V.F.'s dividend payout ratio (DPR) is -72.00%.

About V.F.

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.