V.F. Corporation (NYSE:VFC) Receives $18.58 Consensus Target Price from Analysts

V.F. Corporation (NYSE:VFC) has received an average recommendation of “Hold” from the twenty-one analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.5833.

A number of analysts have weighed in on VFC shares. Barclays cut their target price on shares of V.F. from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Zacks Research cut V.F. from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Williams Trading set a $19.00 price objective on V.F. in a report on Sunday, May 17th. UBS Group lowered their target price on V.F. from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Finally, Truist Financial dropped their target price on V.F. from $18.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, May 21st.

V.F. Stock Performance

V.F. stock opened at $16.78 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.84 and a debt-to-equity ratio of 1.90. The stock has a market cap of $6.58 billion, a PE ratio of 26.22, a P/E/G ratio of 1.35 and a beta of 1.56. V.F. has a 12-month low of $11.10 and a 12-month high of $22.27. The business’s 50-day moving average price is $17.11 and its two-hundred day moving average price is $18.23.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Wednesday, May 20th. The textile maker reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.28). The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. V.F. had a net margin of 2.65% and a return on equity of 21.05%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.13) earnings per share. As a group, analysts expect that V.F. will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Wednesday, June 10th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, June 10th. V.F.’s dividend payout ratio (DPR) is 56.25%.

Insider Buying and Selling

In other V.F. news, Director Richard Carucci bought 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of $17.17 per share, for a total transaction of $515,100.00. Following the transaction, the director directly owned 336,043 shares in the company, valued at approximately $5,769,858.31. This represents a 9.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.54% of the stock is currently owned by corporate insiders.

Institutional Trading of V.F.

Several institutional investors have recently modified their holdings of VFC. Hillsdale Investment Management Inc. bought a new position in V.F. during the 1st quarter worth $3,209,000. Russell Investments Group Ltd. increased its stake in shares of V.F. by 14.0% in the fourth quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock valued at $11,930,000 after buying an additional 81,006 shares during the period. Fiduciary Alliance LLC raised its position 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 worth $11,707,000 after acquiring an additional 60,619 shares during the last quarter. Entropy Technologies LP bought a new position in shares of V.F. during the first quarter worth about $815,000. Finally, Captrust Financial Advisors lifted its stake in shares of V.F. by 28.0% in the fourth quarter. Captrust Financial Advisors now owns 90,873 shares of the textile maker’s stock worth $1,643,000 after acquiring an additional 19,880 shares during the period. Institutional investors own 86.84% of the company’s stock.

About V.F.

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.