VF Corporation (NYSE:VFC) Receives Consensus Rating of “Hold” from Analysts

VF Corporation (NYSE:VFC) has earned an average recommendation of “Hold” from the twenty-one research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $22.75.

Several brokerages recently commented on VFC. Wells Fargo & Company upped their price target on shares of VF from $17.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. UBS Group increased their target price on shares of VF from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. BMO Capital Markets increased their target price on shares of VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Barclays increased their target price on shares of VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, OTR Global upgraded shares of VF from a “mixed” rating to a “positive” rating in a research report on Friday, January 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CKW Financial Group grew its stake in VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after buying an additional 3,008 shares during the last quarter. Arkadios Wealth Advisors grew its stake in VF by 5.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock valued at $481,000 after buying an additional 1,217 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in VF in the 3rd quarter valued at $640,000. Finally, TB Alternative Assets Ltd. bought a new stake in VF in the 4th quarter valued at $1,878,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

VF Stock Down 3.0 %

Shares of NYSE:VFC opened at $24.59 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The company has a market cap of $9.58 billion, a PE ratio of -20.66, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46. VF has a 52 week low of $11.00 and a 52 week high of $29.02. The firm has a 50 day simple moving average of $23.96 and a 200 day simple moving average of $20.94.

VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period in the prior year, the firm posted $0.57 earnings per share. As a group, research analysts expect that VF will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.09 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.46%. VF’s payout ratio is presently -30.25%.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.