V.F. Co. (NYSE:VFC) Receives Consensus Rating of “Hold” from Brokerages

Shares of V.F. Co. (NYSE:VFC) have received a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $17.88.

Several equities analysts recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, April 9th. BNP Paribas reaffirmed a “neutral” rating and issued a $14.00 price target (down previously from $18.00) on shares of V.F. in a report on Friday, April 12th. Williams Trading reaffirmed a “sell” rating on shares of V.F. in a report on Thursday, January 25th. Wedbush cut their price target on V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Finally, UBS Group cut their price target on V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, February 5th.

V.F. Stock Performance

VFC opened at $12.64 on Friday. V.F. has a 52-week low of $11.91 and a 52-week high of $23.55. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. The company has a market cap of $4.91 billion, a PE ratio of -6.42, a price-to-earnings-growth ratio of 1.45 and a beta of 1.47. The stock has a 50-day moving average of $14.55 and a 200-day moving average of $16.18.

V.F. (NYSE:VFC) last posted its quarterly earnings data on Tuesday, February 6th. The textile maker reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.22). V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the firm posted $1.12 EPS. V.F.’s revenue for the quarter was down 16.2% on a year-over-year basis. As a group, equities research analysts forecast that V.F. will post 1.1 earnings per share for the current fiscal year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.36 dividend on an annualized basis and a yield of 2.85%. V.F.’s dividend payout ratio (DPR) is presently -18.27%.

Insider Buying and Selling at V.F.

In other news, Director Juliana L. Chugg acquired 11,301 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $17.55 per share, for a total transaction of $198,332.55. Following the transaction, the director now owns 26,301 shares of the company’s stock, valued at $461,582.55. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Bracken Darrell purchased 65,360 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $15.38 per share, with a total value of $1,005,236.80. Following the purchase, the insider now directly owns 144,281 shares in the company, valued at approximately $2,219,041.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Juliana L. Chugg purchased 11,301 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $17.55 per share, for a total transaction of $198,332.55. Following the purchase, the director now owns 26,301 shares in the company, valued at $461,582.55. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of V.F.

Hedge funds have recently added to or reduced their stakes in the business. Prudential PLC raised its stake in shares of V.F. by 20.6% in the 3rd quarter. Prudential PLC now owns 23,864 shares of the textile maker’s stock valued at $422,000 after purchasing an additional 4,070 shares during the period. Deutsche Bank AG raised its stake in shares of V.F. by 11.9% in the 3rd quarter. Deutsche Bank AG now owns 1,581,532 shares of the textile maker’s stock valued at $27,946,000 after purchasing an additional 168,465 shares during the period. Vanguard Group Inc. raised its stake in shares of V.F. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock valued at $728,708,000 after purchasing an additional 475,239 shares during the period. Nordea Investment Management AB raised its stake in shares of V.F. by 3.0% in the 3rd quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock valued at $486,000 after purchasing an additional 812 shares during the period. Finally, Modus Advisors LLC bought a new position in shares of V.F. in the 4th quarter valued at about $1,414,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

About V.F.

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