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

Shares of V.F. Corporation (NYSE:VFC - Get Free Report) have been given an average recommendation of "Hold" by the twenty-one analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $16.20.

VFC has been the subject of several recent analyst reports. BNP Paribas cut shares of V.F. from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $11.00 to $10.00 in a research report on Thursday, July 31st. Telsey Advisory Group restated a "market perform" rating and issued a $14.00 price target on shares of V.F. in a report on Wednesday, July 30th. BNP Paribas Exane cut shares of V.F. from a "neutral" rating to an "underperform" rating in a report on Thursday, July 31st. Stifel Nicolaus reduced their price target on shares of V.F. from $28.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Finally, Barclays set a $16.00 price target on shares of V.F. and gave the stock an "overweight" rating in a report on Thursday, May 22nd.

V.F. Trading Down 1.0%

VFC opened at $12.96 on Friday. V.F. has a twelve month low of $9.41 and a twelve month high of $29.02. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 2.76. The company has a fifty day moving average of $12.29 and a 200-day moving average of $15.27. The stock has a market cap of $5.06 billion, a PE ratio of -99.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.68.

V.F. (NYSE:VFC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The textile maker reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.11. V.F. had a negative net margin of 0.50% and a positive return on equity of 22.77%. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same period in the prior year, the company posted ($0.33) earnings per share. V.F.'s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, sell-side analysts predict that V.F. will post 0.73 EPS for the current year.

V.F. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Wednesday, September 10th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 10th. V.F.'s dividend payout ratio (DPR) is presently -276.92%.

Insider Buying and Selling

In other news, Director Richard Carucci acquired 50,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was purchased at an average price of $12.05 per share, for a total transaction of $602,500.00. Following the purchase, the director owned 280,282 shares in the company, valued at approximately $3,377,398.10. This represents a 21.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bracken Darrell acquired 85,840 shares of the firm's stock in a transaction on 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 purchase, the insider owned 295,406 shares in the company, valued at approximately $3,465,112.38. The trade was a 40.96% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 185,840 shares of company stock worth $2,198,403. 1.10% of the stock is owned by insiders.

Institutional Investors 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 increased its stake in V.F. by 94.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker's stock valued at $58,000 after buying an additional 2,421 shares during the last quarter. SG Americas Securities LLC purchased a new stake in V.F. in the 1st quarter valued at about $350,000. Arkadios Wealth Advisors raised its position in V.F. by 158.8% in the second quarter. Arkadios Wealth Advisors now owns 56,904 shares of the textile maker's stock worth $669,000 after acquiring an additional 34,915 shares during the period. Entropy Technologies LP bought a new stake in V.F. in the first quarter worth about $749,000. Finally, Amalgamated Bank raised its position in V.F. by 46.2% in the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock worth $2,365,000 after acquiring an additional 48,151 shares during the period. Hedge funds and other institutional investors own 86.84% of the company's stock.

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.

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