Brokerages Set VF Corporation (NYSE:VFC) Target Price at $22.90

Shares of VF Corporation (NYSE:VFC) have earned an average recommendation of “Hold” from the twenty-one research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $22.90.

VFC has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on shares of VF from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Guggenheim boosted their price objective on VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird increased their target price on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Barclays lifted their price target on VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their price objective on VF from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th.

VF Price Performance

Shares of VF stock opened at $17.00 on Tuesday. The firm has a market cap of $6.62 billion, a PE ratio of -14.28, a P/E/G ratio of 6.77 and a beta of 1.46. VF has a twelve month low of $11.00 and a twelve month high of $29.02. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The business has a 50-day moving average price of $22.89 and a 200 day moving average price of $21.13.

VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period in the previous year, the firm earned $0.57 earnings per share. Sell-side analysts predict that VF will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.12%. VF’s dividend payout ratio is presently -30.25%.

Institutional Investors Weigh In On VF

Several large investors have recently added to or reduced their stakes in VFC. CKW Financial Group grew its stake in shares of VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after acquiring an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares in the last quarter. TB Alternative Assets Ltd. acquired a new stake in VF in the 4th quarter valued at about $1,878,000. Fiduciary Alliance LLC boosted its stake in shares of VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after buying an additional 16,431 shares during the period. Finally, Segall Bryant & Hamill LLC increased its stake in shares of VF by 1.8% during the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after buying an additional 65,919 shares during the period. 86.84% of the stock is owned by hedge funds and other institutional investors.

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.