V.F. Co. (NYSE:VFC) Receives $17.88 Average PT from Brokerages

V.F. Co. (NYSE:VFC) has been assigned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $17.88.

A number of research analysts have recently commented on the stock. Wells Fargo & Company dropped their target price on shares of V.F. from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Wedbush dropped their price objective on shares of V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. JPMorgan Chase & Co. decreased their target price on shares of V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 8th. UBS Group dropped their price target on V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, February 5th. Finally, The Goldman Sachs Group cut their price objective on V.F. from $14.00 to $12.50 and set a “neutral” rating on the stock in a report on Friday.

V.F. Stock Performance

Shares of NYSE:VFC opened at $12.89 on Friday. V.F. has a 12-month low of $11.91 and a 12-month high of $23.53. The company’s 50 day moving average price is $14.47 and its two-hundred day moving average price is $16.17. The firm has a market cap of $5.01 billion, a PE ratio of -6.54, a PEG ratio of 1.41 and a beta of 1.48. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 2.25.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Tuesday, February 6th. The textile maker reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the business posted $1.12 EPS. The firm’s revenue for the quarter was down 16.2% on a year-over-year basis. Equities research analysts predict that V.F. will post 1.1 earnings per share for the current year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were paid a $0.09 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.36 dividend on an annualized basis and a yield of 2.79%. V.F.’s dividend payout ratio (DPR) is presently -18.27%.

Insider Buying and Selling at V.F.

In related news, insider Bracken Darrell bought 65,360 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $15.38 per share, with a total value of $1,005,236.80. Following the completion of the transaction, the insider now directly owns 144,281 shares in the company, valued at $2,219,041.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Juliana L. Chugg acquired 11,301 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the acquisition, the director now owns 26,301 shares of the company’s stock, valued at approximately $461,582.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bracken Darrell acquired 65,360 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the purchase, the insider now owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On V.F.

Several hedge funds have recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of V.F. by 5.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,495 shares of the textile maker’s stock worth $216,000 after purchasing an additional 633 shares during the period. Arizona State Retirement System grew its position in V.F. by 0.8% during the fourth quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock worth $1,708,000 after buying an additional 702 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of V.F. by 28.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock valued at $61,000 after acquiring an additional 715 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of V.F. by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker’s stock valued at $2,713,000 after acquiring an additional 780 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of V.F. by 3.0% during the third quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock worth $486,000 after purchasing an additional 812 shares in the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

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.