V.F. Corporation (NYSE:VFC) Receives $18.21 Average Price Target from Analysts

Shares of V.F. Corporation (NYSE:VFC) have earned a consensus recommendation of “Hold” from the nineteen analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $18.2059.

Several analysts have commented on VFC shares. Stifel Nicolaus lowered their price target on V.F. from $19.00 to $17.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Evercore set a $16.00 price objective on shares of V.F. in a report on Thursday, July 30th. UBS Group lowered their target price on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Wall Street Zen lowered shares of V.F. from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Truist Financial cut their price target on shares of V.F. from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th.

V.F. Stock Performance

Shares of VFC opened at $13.63 on Tuesday. V.F. has a 1 year low of $13.02 and a 1 year high of $22.27. The company’s 50 day simple moving average is $15.87 and its 200 day simple moving average is $17.30. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 1.00 and a beta of 1.57. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 1.43.

V.F. (NYSE:VFC) last released its earnings results on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). V.F. had a return on equity of 18.91% and a net margin of 2.88%.The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm posted ($0.24) earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts predict that V.F. will post 1.07 EPS for the current year.

V.F. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, September 10th. V.F.’s dividend payout ratio is presently 52.17%.

Insider Buying and Selling at V.F.

In other news, Director Richard Carucci bought 30,000 shares of V.F. stock in a transaction that occurred on Tuesday, June 9th. The shares were purchased at an average price of $17.17 per share, for a total transaction of $515,100.00. Following the completion of the acquisition, the director owned 336,043 shares of the company’s stock, valued at $5,769,858.31. The trade was a 9.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bracken Darrell purchased 32,894 shares of the stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $14.98 per share, with a total value of $492,752.12. Following the transaction, the insider owned 1,402,109 shares of the company’s stock, valued at $21,003,592.82. This trade represents a 2.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 82,894 shares of company stock worth $1,302,452 over the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Institutional Trading of V.F.

A number of institutional investors have recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in V.F. by 27.9% in the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after buying an additional 588 shares during the period. Root Financial Partners LLC grew its stake in V.F. by 282.9% during the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after buying an additional 2,255 shares during the period. EverSource Wealth Advisors LLC grew its stake in V.F. by 151.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock worth $125,000 after buying an additional 4,167 shares during the period. Versant Capital Management Inc increased its position in shares of V.F. by 213.7% in the second quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock worth $135,000 after acquiring an additional 5,503 shares in the last quarter. Finally, Nykredit A S acquired a new stake in shares of V.F. in the second quarter worth $179,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

V.F. Company Profile

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.