V.F. Corporation (NYSE:VFC) Receives $18.58 Average PT from Brokerages

by · The Cerbat Gem

V.F. Corporation (NYSE:VFC – Get Free Report) has received a consensus rating of “Hold” from the twenty-one ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $18.5833.

A number of research firms recently commented on VFC. Truist Financial decreased their price objective on V.F. from $18.00 to $15.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Seaport Research Partners upgraded V.F. from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, April 14th. BTIG Research upgraded V.F. from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, May 6th. Wells Fargo & Company cut their price objective on V.F. from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Finally, Evercore set a $18.00 target price on shares of V.F. in a research report on Thursday, May 21st.

View Our Latest Stock Report on VFC

V.F. Trading Up 1.5%

VFC stock traded up $0.25 during trading on Monday, reaching $16.78. 4,147,642 shares of the stock were exchanged, compared to its average volume of 6,186,670. The company has a current ratio of 1.84, a quick ratio of 1.21 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 1.33 and a beta of 1.56. The business has a 50 day moving average price of $17.11 and a 200-day moving average price of $18.23. V.F. has a 1 year low of $11.10 and a 1 year high of $22.27.

V.F. (NYSE:VFC – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The textile maker reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.28). The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.13 billion. V.F. had a net margin of 2.65% and a return on equity of 21.05%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned ($0.13) EPS. On average, research analysts predict that V.F. will post 1.1 earnings per share for the current year.

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Wednesday, June 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, June 10th. V.F.’s dividend payout ratio (DPR) is 56.25%.

Insider Transactions at V.F.

In other news, Director Richard Carucci bought 30,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were bought at an average price of $17.17 per share, with a total value of $515,100.00. Following the completion of the transaction, the director directly owned 336,043 shares in the company, valued at $5,769,858.31. This trade represents a 9.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On V.F.

Several hedge funds have recently bought and sold shares of the company. Fiduciary Alliance LLC grew its position in V.F. by 10.3% in the 4th quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock valued at $11,707,000 after acquiring an additional 60,619 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of V.F. by 30.5% during the fourth quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock worth $199,000 after purchasing an additional 2,570 shares in the last quarter. Versant Capital Management Inc boosted its stake 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 valued at $135,000 after purchasing an additional 5,503 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of V.F. by 125.7% in the first quarter. EverSource Wealth Advisors LLC now owns 15,604 shares of the textile maker’s stock valued at $265,000 after purchasing an additional 8,689 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in shares of V.F. by 6.7% in the first quarter. Arkadios Wealth Advisors now owns 77,213 shares of the textile maker’s stock valued at $1,312,000 after purchasing an additional 4,845 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

About V.F.

(Get Free Report)

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.

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