VF Corporation (NYSE:VFC) Given Average Recommendation of "Hold" by Brokerages

VF 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 reports. Fifteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $16.21.

A number of analysts recently issued reports on VFC shares. Truist Financial lowered their target price on VF from $24.00 to $13.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. UBS Group increased their price objective on shares of VF from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Barclays set a $16.00 price objective on shares of VF and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Stifel Nicolaus reduced their target price on shares of VF from $28.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company dropped their price target on VF from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd.

Insiders Place Their Bets

In other news, Director Richard Carucci acquired 50,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $12.05 per share, for a total transaction of $602,500.00. Following the purchase, the director now directly owns 280,282 shares of the company's stock, valued at approximately $3,377,398.10. This trade represents a 21.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bracken Darrell purchased 85,840 shares of the stock in a transaction on Friday, May 23rd. The shares were acquired at an average cost of $11.73 per share, for a total transaction of $1,006,903.20. Following the transaction, the insider now owns 295,406 shares of the company's stock, valued at approximately $3,465,112.38. The trade was a 40.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 185,840 shares of company stock valued at $2,198,403. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On VF

A number of large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of VF in the first quarter valued at about $350,000. Entropy Technologies LP acquired a new position in VF in the 1st quarter valued at about $749,000. Amalgamated Bank grew its stake in VF by 46.2% in the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock valued at $2,365,000 after buying an additional 48,151 shares during the last quarter. Russell Investments Group Ltd. lifted its position in VF by 11.1% during the first quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock worth $4,306,000 after acquiring an additional 27,727 shares during the last quarter. Finally, Fiduciary Alliance LLC boosted its holdings in shares of VF by 16.4% during the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock worth $4,634,000 after acquiring an additional 42,065 shares during the period. Institutional investors own 86.84% of the company's stock.

VF Trading Down 3.0%

Shares of NYSE VFC traded down $0.39 during mid-day trading on Friday, hitting $12.46. The company's stock had a trading volume of 9,176,626 shares, compared to its average volume of 7,807,827. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of -10.47, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68. The company's fifty day simple moving average is $12.67 and its 200-day simple moving average is $18.76. VF has a one year low of $9.41 and a one year high of $29.02.

VF (NYSE:VFC - Get Free Report) last issued its earnings results on Wednesday, May 21st. The textile maker reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.01. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. The business's quarterly revenue was down 4.6% on a year-over-year basis. On average, sell-side analysts anticipate that VF will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.89%. VF's dividend payout ratio is presently -72.00%.

VF Company Profile

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.