VF Corporation (NYSE:VFC) Receives $19.11 Average PT from Analysts

Shares of VF Corporation (NYSE:VFC) have earned a consensus rating of “Hold” from the twenty analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $19.11.

VFC has been the topic of several recent research reports. Robert W. Baird raised their price objective on VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Wells Fargo & Company cut shares of VF from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $16.00 to $15.00 in a research note on Monday, October 14th. Barclays upped their price target on shares of VF from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Guggenheim lifted their target price on shares of VF from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Citigroup increased their price target on VF from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th.

VF Stock Performance

VFC opened at $21.51 on Thursday. The company’s 50 day moving average is $20.99 and its 200 day moving average is $18.44. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. The company has a market cap of $8.37 billion, a price-to-earnings ratio of -12.43, a PEG ratio of 8.19 and a beta of 1.45. VF has a 12-month low of $11.00 and a 12-month high of $23.49.

VF (NYSE:VFC) last issued its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities research analysts predict that VF will post 0.48 EPS for the current year.

VF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.36 annualized dividend and a yield of 1.67%. VF’s payout ratio is currently -20.81%.

Hedge Funds Weigh In On VF

Institutional investors and hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC lifted its position in VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after buying an additional 65,919 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of VF by 90.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock worth $2,737,000 after acquiring an additional 96,442 shares during the last quarter. Hanseatic Management Services Inc. purchased a new position in shares of VF during the 3rd quarter worth about $640,000. Smith Thornton Advisors LLC bought a new position in VF during the 2nd quarter valued at about $436,000. Finally, Scientech Research LLC raised its position in VF by 220.1% in the 2nd quarter. Scientech Research LLC now owns 93,861 shares of the textile maker’s stock worth $1,267,000 after purchasing an additional 64,541 shares during the period. Hedge funds and other institutional investors own 86.84% of the company’s stock.

VF Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.