VF (NYSE:VFC) Now Covered by Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of VF (NYSE:VFC) in a research report sent to investors on Friday, Marketbeat Ratings reports. The firm issued a hold rating and a $20.00 price target on the textile maker’s stock.

Other analysts have also recently issued reports about the company. Argus raised VF to a hold rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. dropped their target price on VF from $17.00 to $16.00 and set a neutral rating for the company in a report on Monday, September 16th. Telsey Advisory Group upped their price target on shares of VF from $15.00 to $19.00 and gave the company a market perform rating in a research note on Wednesday, August 7th. Citigroup upgraded shares of VF from a neutral rating to a buy rating and lifted their price objective for the stock from $11.00 to $20.00 in a research note on Thursday, July 18th. Finally, TD Cowen increased their target price on shares of VF from $9.00 to $16.00 and gave the stock a hold rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, VF presently has a consensus rating of Hold and an average price target of $16.41.

VF Trading Up 1.7 %

Shares of VF stock opened at $19.57 on Friday. VF has a 1 year low of $11.00 and a 1 year high of $20.69. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of -7.83, a P/E/G ratio of 2.15 and a beta of 1.53. The business has a fifty day simple moving average of $17.51 and a two-hundred day simple moving average of $14.87. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51.

VF (NYSE:VFC) last announced its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.04. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. VF’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.15) EPS. Research analysts forecast that VF will post 0.72 EPS for the current year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.84%. VF’s dividend payout ratio (DPR) is currently -14.40%.

Insider Buying and Selling

In related news, Director Richard Carucci purchased 15,000 shares of VF stock in a transaction dated Thursday, August 22nd. The shares were bought at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in VF by 328.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock worth $21,922,000 after purchasing an additional 1,244,448 shares in the last quarter. Sompo Asset Management Co. Ltd. raised its holdings in VF by 60.6% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 351,520 shares of the textile maker’s stock valued at $6,609,000 after buying an additional 132,650 shares during the last quarter. Compass Wealth Management LLC bought a new stake in VF during the 1st quarter worth approximately $2,574,000. Virtu Financial LLC acquired a new position in VF in the 4th quarter valued at approximately $1,036,000. Finally, Murphy Pohlad Asset Management LLC bought a new position in shares of VF during the second quarter valued at $1,668,000. 86.84% of the stock is currently owned by institutional investors.

About VF

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.