V.F. Corporation (NYSE:VFC) Receives $18.68 Average PT from Brokerages

V.F. Corporation (NYSE:VFCGet Free Report) has received an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, four have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $18.5833.

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $18.00 target price (down from $19.00) on shares of V.F. in a report on Monday, February 23rd. Wells Fargo & Company reduced their target price on shares of V.F. from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday. Barclays reduced their target price on shares of V.F. from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday. Truist Financial cut their price objective on shares of V.F. from $18.00 to $15.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Piper Sandler upped their price objective on shares of V.F. from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, January 30th.

Check Out Our Latest Stock Analysis on VFC

Hedge Funds Weigh In On V.F.

Hedge funds have recently modified their holdings of the stock. Fiduciary Alliance LLC increased its holdings in shares of V.F. by 10.3% during the fourth quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock valued at $11,707,000 after acquiring an additional 60,619 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of V.F. by 43.4% during the third quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock valued at $71,257,000 after acquiring an additional 1,495,148 shares in the last quarter. Optimize Financial Inc acquired a new position in shares of V.F. during the third quarter valued at about $574,000. GAMMA Investing LLC increased its holdings in shares of V.F. by 30.5% during the fourth quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock valued at $199,000 after acquiring an additional 2,570 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of V.F. during the first quarter valued at about $815,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

V.F. News Roundup

Here are the key news stories impacting V.F. this week:

V.F. Stock Performance

Shares of V.F. stock opened at $16.71 on Friday. The company has a market capitalization of $6.55 billion, a PE ratio of 26.11, a P/E/G ratio of 0.85 and a beta of 1.62. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.03 and a current ratio of 1.84. The company has a 50-day simple moving average of $17.85 and a two-hundred day simple moving average of $18.21. V.F. has a one year low of $11.06 and a one year high of $22.27.

V.F. (NYSE:VFCGet Free Report) last announced its earnings results on Wednesday, May 20th. The textile maker reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.28). The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. V.F. had a return on equity of 21.05% and a net margin of 2.65%.The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. Research analysts expect that V.F. will post 1.12 EPS for the current fiscal year.

V.F. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.2%. V.F.’s dividend payout ratio is 56.25%.

About V.F.

(Get Free Report)

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.

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Analyst Recommendations for V.F. (NYSE:VFC)

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