VF Corporation (NYSE:VFC) Given Average Rating of “Hold” by Analysts

VF Corporation (NYSE:VFC) has been given an average rating of “Hold” by the twenty research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $19.11.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company downgraded shares of VF from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $16.00 to $15.00 in a report on Monday, October 14th. JPMorgan Chase & Co. boosted their target price on shares of VF from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. TD Cowen raised their price target on shares of VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group began coverage on VF in a research note on Friday, October 11th. They issued a “neutral” rating and a $20.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on VF in a research report on Friday, September 27th. They issued a “hold” rating and a $20.00 target price for the company.

Hedge Funds Weigh In On VF

A number of institutional investors have recently added to or reduced their stakes in VFC. Pacer Advisors Inc. grew its holdings in shares of VF by 28.0% during the second quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after purchasing an additional 2,589,852 shares in the last quarter. Public Sector Pension Investment Board grew its stake in VF by 1,365.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 727,148 shares of the textile maker’s stock worth $9,816,000 after buying an additional 677,519 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in VF by 28.3% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,057,884 shares of the textile maker’s stock worth $41,281,000 after buying an additional 673,979 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of VF by 3,350.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 486,082 shares of the textile maker’s stock valued at $6,562,000 after buying an additional 471,993 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of VF by 127.6% during the 2nd quarter. Bank of Montreal Can now owns 62,046 shares of the textile maker’s stock valued at $878,000 after buying an additional 286,878 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors.

VF Price Performance

VFC opened at $21.55 on Thursday. VF has a 1 year low of $11.00 and a 1 year high of $23.49. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of -12.46, a P/E/G ratio of 8.19 and a beta of 1.45. The firm’s fifty day moving average price is $20.97 and its two-hundred day moving average price is $18.51.

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, topping 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 business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the firm posted $0.63 EPS. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, analysts anticipate that VF will post 0.48 earnings per share for the current fiscal year.

VF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.67%. VF’s dividend payout ratio (DPR) is presently -20.81%.

About VF

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.