V.F. Corporation (NYSE:VFC) Stock Has Consensus Price Target of $18.89 According to Brokerages

Shares of V.F. Corporation (NYSE:VFC) have been assigned an average recommendation of “Hold” from the twenty-two ratings firms that are presently covering the company, MarketBeat reports. Fourteen research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $18.89.

VFC has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price objective on shares of V.F. in a research note on Monday, October 26th. Barclays upped their target price on shares of V.F. from $24.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. BNP Paribas Exane raised shares of V.F. from an “underperform” rating to a “neutral” rating and raised their target price for the company from $13.00 to $16.00 in a report on Thursday, October 29th. JPMorgan Chase & Co. upgraded shares of V.F. from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $19.00 to $18.00 in a research note on Friday, October 9th. Finally, Truist Financial upgraded shares of V.F. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $20.00 in a report on Tuesday, October 13th.

Insider Activity

In other news, Director Richard Carucci bought 20,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $14.73 per share, for a total transaction of $294,600.00. Following the completion of the purchase, the director owned 356,215 shares in the company, valued at approximately $5,247,046.95. This trade represents a 5.95% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.54% of the company’s stock.

Institutional Trading of V.F.

A number of institutional investors have recently bought and sold shares of VFC. M&G PLC increased its holdings in shares of V.F. by 0.5% in the 3rd quarter. M&G PLC now owns 25,956,797 shares of the textile maker’s stock valued at $363,395,000 after acquiring an additional 122,275 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in V.F. in the second quarter valued at approximately $42,038,000. Squarepoint Ops LLC increased its stake in V.F. by 298.1% in the second quarter. Squarepoint Ops LLC now owns 1,782,904 shares of the textile maker’s stock valued at $29,739,000 after purchasing an additional 1,335,057 shares during the last quarter. Ieq Capital LLC increased its stake in V.F. by 56.2% in the third quarter. Ieq Capital LLC now owns 1,031,538 shares of the textile maker’s stock valued at $14,503,000 after purchasing an additional 370,949 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in V.F. by 20.3% in the third quarter. Commonwealth Equity Services LLC now owns 989,845 shares of the textile maker’s stock valued at $13,917,000 after purchasing an additional 167,061 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

V.F. Stock Down 0.6%

V.F. stock opened at $20.75 on Friday. The firm has a market capitalization of $8.17 billion, a P/E ratio of 20.67, a P/E/G ratio of 0.88 and a beta of 1.49. The company has a current ratio of 1.47, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. V.F. has a twelve month low of $12.45 and a twelve month high of $22.27. The stock’s fifty day simple moving average is $15.61 and its 200-day simple moving average is $16.99.

V.F. (NYSE:VFC) last released its earnings results on Wednesday, October 28th. The textile maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.16. V.F. had a return on equity of 21.78% and a net margin of 3.93%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the business posted $0.52 earnings per share. V.F.’s revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts expect that V.F. will post 1.18 earnings per share for the current fiscal year.

V.F. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 10th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, December 10th. V.F.’s dividend payout ratio (DPR) is presently 39.13%.

V.F. Company Profile

V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its portfolio includes brands such as The North Face, Vans, Timberland and Dickies, which serve outdoor, active, workwear and lifestyle markets. The company sells products through wholesale partners, its own retail stores and e-commerce channels. Its brands offer items including outdoor clothing and equipment, footwear, workwear, backpacks and accessories to customers in the Americas, Europe and Asia-Pacific.