VF Corporation (NYSE:VFC) Announces $0.09 Quarterly Dividend

VF Corporation (NYSE:VFCGet Free Report) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.09 per share by the textile maker on Thursday, March 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.42%.

VF has decreased its dividend payment by an average of 43.3% annually over the last three years. VF has a dividend payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Analysts expect VF to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 40.0%.

VF Price Performance

Shares of VFC stock opened at $25.44 on Thursday. The company has a 50 day moving average price of $21.98 and a 200-day moving average price of $19.61. VF has a 52 week low of $11.00 and a 52 week high of $29.02. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86.

VF (NYSE:VFCGet Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. During the same period last year, the firm earned $0.57 earnings per share. On average, sell-side analysts predict that VF will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

VFC has been the subject of several recent research reports. Argus upgraded shares of VF from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, December 17th. OTR Global upgraded shares of VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th. Jefferies Financial Group lifted their price target on shares of VF from $21.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday. Guggenheim lifted their price target on shares of VF from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen lifted their price target on shares of VF from $16.00 to $19.00 and gave the company a “hold” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $19.84.

Get Our Latest Stock Analysis on VFC

VF Company Profile

(Get Free Report)

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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Dividend History for VF (NYSE:VFC)

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