VF Corporation (NYSE:VFC – Get 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.
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
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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