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

Shares of V.F. Corporation (NYSE:VFC - Get Free Report) have been assigned an average rating of "Hold" from the twenty-one ratings firms that are 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 1 year price objective among analysts that have covered the stock in the last year is $16.21.

A number of brokerages have recently issued reports on VFC. Wells Fargo & Company dropped their price target on shares of V.F. from $13.00 to $12.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Citigroup lowered shares of V.F. from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $30.00 to $12.00 in a report on Monday, April 7th. Needham & Company LLC lowered their price objective on V.F. from $28.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Barclays set a $16.00 target price on shares of V.F. and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Finally, Telsey Advisory Group set a $14.00 price target on V.F. in a research note on Thursday, May 22nd.

V.F. Trading Down 0.2%

NYSE:VFC opened at $12.27 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.40 and a debt-to-equity ratio of 2.30. The company has a fifty day moving average of $12.62 and a 200 day moving average of $16.61. The firm has a market capitalization of $4.78 billion, a P/E ratio of -24.54, a P/E/G ratio of 1.37 and a beta of 1.66. V.F. has a 52 week low of $9.41 and a 52 week high of $29.02.

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

V.F. Dividend Announcement

The business also recently declared 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 2.93%. The ex-dividend date of this dividend was Tuesday, June 10th. V.F.'s payout ratio is presently -72.00%.

Insider Transactions at V.F.

In other V.F. news, insider Bracken Darrell purchased 85,840 shares of the stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $11.73 per share, with a total value of $1,006,903.20. Following the transaction, the insider owned 295,406 shares of the company's stock, valued at approximately $3,465,112.38. This trade represents a 40.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Carucci bought 50,000 shares of the stock in a transaction on Friday, May 23rd. The shares were bought at an average price of $12.05 per share, with a total value of $602,500.00. Following the acquisition, the director owned 280,282 shares of the company's stock, valued at $3,377,398.10. This trade represents a 21.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 185,840 shares of company stock valued at $2,198,403. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On V.F.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VFC. Farther Finance Advisors LLC boosted its holdings in V.F. by 94.8% in the second quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker's stock worth $58,000 after acquiring an additional 2,421 shares in the last quarter. SG Americas Securities LLC acquired a new stake in V.F. during the first quarter worth about $350,000. Russell Investments Group Ltd. grew its stake in shares of V.F. by 11.1% during the 1st quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock worth $4,306,000 after purchasing an additional 27,727 shares during the period. Fiduciary Alliance LLC increased its holdings in V.F. by 16.4% in the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock valued at $4,634,000 after buying an additional 42,065 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in V.F. by 46.2% in the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock worth $2,365,000 after purchasing an additional 48,151 shares during the period. Hedge funds and other institutional investors own 86.84% of the company's stock.

V.F. 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.

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