Shares of V.F. Co. (NYSE:VFC – Get Rating) have been given an average rating of “Hold” by the twenty-four analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $59.06.
Several equities analysts recently issued reports on the stock. Robert W. Baird cut their price target on shares of V.F. from $80.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, May 20th. Telsey Advisory Group dropped their target price on shares of V.F. from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, July 29th. Cowen decreased their price objective on shares of V.F. from $72.00 to $61.00 in a report on Wednesday, May 18th. Wells Fargo & Company decreased their price objective on shares of V.F. to $50.00 and set an “equal weight” rating for the company in a report on Friday, May 20th. Finally, Cowen dropped their price objective on shares of V.F. to $59.00 in a report on Monday, July 25th.
Insider Buying and Selling
In other V.F. news, Director W Rodney Mcmullen purchased 6,000 shares of V.F. stock in a transaction that occurred on Wednesday, August 3rd. The stock was acquired at an average price of $44.76 per share, for a total transaction of $268,560.00. Following the completion of the acquisition, the director now owns 34,146 shares of the company’s stock, valued at approximately $1,528,374.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director W Rodney Mcmullen acquired 6,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was purchased at an average cost of $44.76 per share, for a total transaction of $268,560.00. Following the completion of the transaction, the director now directly owns 34,146 shares of the company’s stock, valued at approximately $1,528,374.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Matthew H. Puckett sold 677 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $49.87, for a total transaction of $33,761.99. Following the sale, the chief financial officer now owns 44,691 shares of the company’s stock, valued at $2,228,740.17. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 22,000 shares of company stock worth $1,008,630. Company insiders own 0.90% of the company’s stock.
Institutional Investors Weigh In On V.F.
V.F. Trading Up 1.8 %
Shares of VFC stock opened at $46.15 on Thursday. V.F. has a 12-month low of $43.08 and a 12-month high of $81.70. The company has a market capitalization of $17.93 billion, a P/E ratio of 17.96, a P/E/G ratio of 2.06 and a beta of 1.35. The firm has a 50-day moving average price of $46.42 and a 200 day moving average price of $52.45. The company has a quick ratio of 0.66, a current ratio of 1.33 and a debt-to-equity ratio of 1.33.
V.F. (NYSE:VFC – Get Rating) last announced its quarterly earnings results on Thursday, May 19th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. V.F. had a net margin of 8.45% and a return on equity of 33.20%. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts forecast that V.F. will post 3.09 earnings per share for the current fiscal year.
V.F. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Monday, September 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Friday, September 9th. V.F.’s payout ratio is currently 77.82%.
V.F. Company Profile
V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.
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